In capital market research (CMR) studies of the value relevance of accounting numbers are founded upon the concept that, in equilibrium, the book values are equal to or have some long-term relationship with the market value and that market returns are related to book returns.This thesis seeks to...

Studies of the relationship between market values and accounting numbers have long been a part of an established theme in capital markets research (CMR). These studies have taken various forms, most being conducted on a cross sectional basis, tied closely with the assumptions of equilibrium...

Purpose - This paper aims to identify what drives the temporal reduction in the value relevance of earnings documented in the literature. Is it the increasing noise in stock returns over time, noise in earnings, or both?Design/methodology/approach - We develop hypotheses from the lead/lag...

Aufgrund der zunehmenden strategischen Bedeutung selbst erstellter immaterieller Verm?genswerte stehen diese vermehrt im Zentrum der Forschung. W?hrend zahlreiche Studien die Wertrelevanz der Aktivierung selbst erstellter immaterieller Verm?genswerte belegen, besch?ftigen sich nur wenige Studien...

The recent decline in funding levels of defined benefit pension plans (DBPs) has attracted the attention of regulators in Australia and other jurisdictions. In light of such scrutiny, this study provides timely empirical evidence of the economic and regulatory implications of the recent change...

We examine the value relevance and reliability of brand assets recognized by 33 UK firms, and the stock price reaction to the announcement of brand capitalization. We find that brand assets are value relevant, i.e., associated with market values. However, the market capitalization rates of...