Drawing upon information economics, this paper presents a relative assessment of 24 of the most common disclosure items in the management commentary and notes sections of the annual report. We design and conduct an Internet survey using a large representative sample of users with an investment...

Over the last three decades, strategic alliance performance has been an important research topic within the international business and management fields. Researchers have investigated a number of factors explaining performance but often find diverging results. Scholars have suggested that one...

This study compares the discounted cash flow approach and an accrual based valuation approach: the residual income model. Given the theoretical equivalence between the residual income and discounted cash flow approaches this, study examines whether it is possible to infer a valuation approach...

Prior studies have found that earnings are relatively more informative than cash flows (e.g. Ali and Pope, 1993; Ali, 1994; Plenborg, 1996). Applying Danish data this study investigates whether the length of the operating cycle is a useful explanation for the superiority of earnings over cash flows in...