We experimentally explore how investor decision horizons influence the formation of stock prices. We find that in long-horizon sessions, where investors collect dividends till maturity, prices converge to the fundamental levels derived from dividends through backward induction. In short-horizon...

Abstract For Nohora Garcia’s monograph, Understanding Mattessich and Ijiri: A Study of Accounting Thought , as well as the practice of Accounting, Economics, and Law: A Convivium ( CONVIVIUM ) to organize a book-critics’ panels at the SASE annual meetings, are welcome developments for...

In seeking to replace accounting conventions by concepts in the pursuit of principles-based standards, the FASB/IASB joint project on the conceptual framework has grounded its approach on a well-known definition of income by Hicks. We welcome the use of theories by accounting standard setters...