We address how value relevance of accounting information evolved as the new economy developed. Prior research concludes … accounting information—primarily earnings—has lost relevance. We consider more accounting amounts and find no decline in combined … price and accounting information that reflects the new economy …

This study examines whether application of IFRS by non-US firms results in accounting amounts comparable to those … resulting from application of US GAAP by US firms. IFRS firms have greater accounting system and value relevance comparability …

inferences. CHL seeks to contribute to the literature by disentangling the liquidity benefits of changes in accounting standards …

Financial accounting is essential to financial accountability, which is essential to a prosperous society. There are … many examples of how improvements to financial accounting, supported by research, have enhanced financial accountability …. Such research requires a strong relation between accounting academics and practice; this relation has ebbed and flowed …