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Economics of Accounting: Volume I: Information in Markets (Springer Series in Accounting Scholarship)
 
 
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Economics of Accounting: Volume I: Information in Markets (Springer Series in Accounting Scholarship) [Hardcover]

Peter Ove Christensen (Author), Gerald Feltham (Author)

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Book Description

Springer Series in Accounting Scholarship October 31, 2002

This is the softcover version of a title that was released in 2002 and has sold more than 500 copies since then world wide.

Examines the fundamentals of the decision-facilitating and decision-influencing role of information in accounting.

Emphasises the impact of public and private information on equilibria and investor welfare in capital and product markets.


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Inside This Book (learn more)
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First Sentence:
In their book on cost determination, Demski and Feltham (1977) characterize accounting as playing both decision-facilitating and decision-influencing roles within organizations. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
new equity model, disclosure equilibrium, residual operating income, private investor information, initial equityholders, risk cautiousness, current residual income, dividend belief, equilibrium production quantities, future aggregate consumption, efficient consumption plans, dividend policy irrelevance, potential entrant model, current accounting numbers, direct preferences with respect, given disclosure policies, ante disclosure policies, efficient partnership contract, less informative system, private management information, linear information dynamics, current cash investments, endowed ownership, accounting valuation model, prior private information
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Journal of Accounting Research, Contemporary Accounting Research, New York, Journal of Economic Theory, Equity Valuation, Journal of Finance, Review of Accounting Studies, Review of Economic Studies, The Accounting Review, American Economic Review, Discretionary Disclosure, Bell Journal of Economics, Journal of Financial Economics, Subject Index, Inventive Activity, Kluwer Publishers, New Jersey, Princeton University Press, Private Information Production, Revelation Principle, The University of British Columbia, Yale University Press
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