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 …

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 …

This paper examines the approaches accounting researchers adopt to draw causal inferences using observational (or … nonexperimental) data. The vast majority of accounting research papers draw causal inferences notwithstanding the well … methods also make strong assumptions that are not always fully appreciated. We believe that accounting research would benefit …

This paper examines the approaches accounting researchers use to draw causal inferences using observational (or non …-experimental) data. The vast majority of accounting research papers draw causal inferences notwithstanding the well-known difficulties in … make strong assumptions that are not always fully appreciated. We believe that accounting research would benefit from: more …

validity test on accounting research. If the economic magnitude of the study's proxy for quality on firm value is “too large …