170
Views
16
CrossRef citations to date
0
Altmetric
Original Articles

The value relevance of earnings disaggregation provided in the Spanish profit and loss account

Pages 609-629 | Published online: 10 Nov 2010

References

  • Abad , C. , García-Borbolla , A. , Laffarga , J. , Larrán , M. and Piñero , J. 1999 . Relevancia de la información consolidada: un estudio empírico . Análisis Financiero , 77 : 6 – 19 .
  • Ballas , A. The information content of the components of earnings: cross sectional evidence from the Ohlson model . Paper presented at the 19th Annual Congress of the EAA . May , Bergen.
  • Barth , M. , Beaver , W. and Landsman , W. 1992 . The market valuation implications of net periodic pension cost components . Journal of Accounting and Economics , 15 : 27 – 62 .
  • Barth , M. , Beaver , W. and Landsman , W. 1998 . Relative valuation roles of equity book value and net income as a function of financial health . Journal of Accounting and Economics , 25 : 1 – 34 .
  • Bernard , V. 1987 . Cross-sectional dependence and problems in inference in marketbased accounting research . Journal of Accounting Research , 25 ( 1 ) : 1 – 48 .
  • Booth , G. G. , Kallunki , J. and Martikainen , T. 1997 . Delayed price response to the announcements of earnings and its components in Finland . European Accounting Review , 6 ( 3 ) : 377 – 392 .
  • Collins , D. W. , Kothari , S. P. and Rayburn , J. 1987 . Firm size and the information content of prices with respect to earnings . Journal of Accounting and Economics , 9 ( 2 ) July : 111 – 138 .
  • Collins , D. W. , Maydew , E. L. and Weiss , I. S. 1997 . Changes in the value-relevance of earnings and book values over the past forty years . Journal of Accounting and Economics , 24 : 39 – 67 .
  • Collins , D. W. , Pincus , M. and Xie , H. 1999 . Equity valuation and negative earnings: the role of book value of equity . Accounting Review , 74 ( 1 ) : 29 – 61 .
  • Dechow , P. , Hutton , A. and Sloan , R. 1999 . An empirical assessment of the residual income valuation model . Journal of Accounting and Economics , 26 : 1 – 34 .
  • Easton , P. 1998 . Discussion of “Valuation of permanent, transitory, and priceirrelevant components of reported earnings . Journal of Accounting, Auditing and Finance , 13 ( 3 ) : 337 – 349 .
  • Freeman , R. N. 1987 . The association between accounting earnings and security returns for large and small companies . Journal of Accounting and Economics , 9 ( 2 ) : 195 – 228 .
  • Freeman , R. N. , Ohlson , J. A. and Penman , S. H. 1982 . Book rate of return and the prediction of earnings changes . Journal of Accounting Research , 20 : 639 – 653 .
  • Giner , B. 1993 . The Spanish accounting framework: some comments . European Accounting Review , 2 ( 3 ) : 379 – 385 .
  • Giner , B. and Rees , W. 1999 . A valuation based analysis of the Spanish accounting reforms . Journal of Management and Governance , 3 ( 1 ) : 31 – 48 .
  • Huber , P. J. 1973 . Robust regression: asymptotics, conjectures, and Monte Carlo . Annals of Statistics , 1 : 799 – 821 .
  • Joos , P. 1997 . The stock market valuation of earnings and book value across international accounting systems , Department of Accounting, Stanford University . Ph.D. dissertation
  • Joos , P. and Joos , P. 1998 . The prediction of ROE: fundamental signals, accounting recognition and industry characteristics , Working Paper, INSEAD, 98/11/AC
  • Lipe , R. 1986 . The information contained in the components of earnings . Journal of Accounting Research , 24 : 37 – 64 . Supplement:
  • Martínez , J. and Labatut , G. 1997 . La contabilización del impuesto sobre sociedades. Un estudio empírico de su aplicación en la empresa valenciana . Actualidad Financiera , Julio : 37 – 45 . Agosto: 13-27
  • Ohlson , J. A. 1995 . Earnings, book values and dividends in equity valuation . Contemporary Accounting Research , 11 ( 2 ) Spring : 661 – 687 .
  • Ohlson , J. A. and Penman , S. H. 1992 . Disaggregated accounting data as explanatory variables for returns . Journal of Accounting, Auditing and Finance , 7 Fall : 553 – 573 .
  • Penman , S. H. 1992 . Return to fundamentals . Journal of Accounting, Auditing and Finance , 7 : 465 – 483 .
  • Penman , S. H. 1998 . Combining book value and earnings in equity valuation . Contemporary Accounting Research , 15 ( 3 ) : 291 – 324 .
  • Ramakrishnan , R. T. S. and Thomas , J. K. 1998 . Valuation of permanent, transitory, and price-irrelevant components of reported earnings . Journal of Accounting, Auditing and Finance , 13 ( 3 ) : 301 – 335 .
  • Rees , W. 1997 . The impact of dividends, debt and investment on valuation models . Journal of Business Finance and Accounting , 24 ( 7 & 8 ) : 1111 – 1140 .
  • Stark , A. and Thomas , H. M. 1998 . On the empirical relationship between market value and residual income in the UK . Management Accounting Research , 9 : 445 – 460 .
  • Strong , N. C. and Walker , M. 1993 . The explanatory power of earnings for stock returns . Accounting Review , 68 : 385 – 399 .
  • White , H. 1980 . A heteroscedasticity consistent covariance estimator matrix and a direct test for heteroscedasticity . Econometrica , 48 : 721 – 746 .
  • Wild , J. J. 1992 . Stock price informativeness of accounting numbers: evidence on earnings, book values, and their components . Journal of Accounting and Public Policy , 11 : 119 – 154 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.