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https://doi.org/10.1080/1331677X.2019.1650655

Accounting quality and stock price informativeness: a cross-country study

Adriana Tiron-Tudor   ORCID icon orcid.org/0000-0001-5530-5635 ; The Faculty of Economics and Business Administration, Accounting and Audit Department, Babes- Bolyai University, Cluj-Napoca, Romania
Andra Maria Achim (Nasca) ; The Faculty of Economics and Business Administration, Accounting and Audit Department, Babes- Bolyai University, Cluj-Napoca, Romania

Puni tekst: engleski, pdf (2 MB) str. 2481-2499 preuzimanja: 50* citiraj
APA 6th Edition
Tiron-Tudor, A. i Achim (Nasca), A.M. (2019). Accounting quality and stock price informativeness: a cross-country study. Economic research - Ekonomska istraživanja, 32 (1), 2481-2499. https://doi.org/10.1080/1331677X.2019.1650655
MLA 8th Edition
Tiron-Tudor, Adriana i Andra Maria Achim (Nasca). "Accounting quality and stock price informativeness: a cross-country study." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 2481-2499. https://doi.org/10.1080/1331677X.2019.1650655. Citirano 10.04.2020.
Chicago 17th Edition
Tiron-Tudor, Adriana i Andra Maria Achim (Nasca). "Accounting quality and stock price informativeness: a cross-country study." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 2481-2499. https://doi.org/10.1080/1331677X.2019.1650655
Harvard
Tiron-Tudor, A., i Achim (Nasca), A.M. (2019). 'Accounting quality and stock price informativeness: a cross-country study', Economic research - Ekonomska istraživanja, 32(1), str. 2481-2499. https://doi.org/10.1080/1331677X.2019.1650655
Vancouver
Tiron-Tudor A, Achim (Nasca) AM. Accounting quality and stock price informativeness: a cross-country study. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 10.04.2020.];32(1):2481-2499. https://doi.org/10.1080/1331677X.2019.1650655
IEEE
A. Tiron-Tudor i A.M. Achim (Nasca), "Accounting quality and stock price informativeness: a cross-country study", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 2481-2499, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1650655

Sažetak
This study investigates how accounting quality impacts the incorporation of firm-specific information into stock prices. Using data from 18 developed countries that apply IFRS, during the period 2004–2015, we find strong evidence that supports the hypothesis that accounting quality determines stock price informativeness. The results yield important policy implications because stock prices are a valuable source of information for many users, especially for the management of the listed companies. The study reveals accounting quality’s direct influence over the stock price informativeness, in the way that along with the improvement of accounting quality also increases the amount of firm-specific information embedded into stock prices.

Ključne riječi
Accounting quality; IFRS; financial reporting; stock price informativeness; synchronicity; idiosyncratic volatility

Hrčak ID: 229553

URI
https://hrcak.srce.hr/229553

Posjeta: 80 *