Are disclosures about bank derivatives and employee stock options 'value-relevant'?

• 成果类型: Article
• 署名作者: Skinner, DJ
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/S0165-4101(96)00432-6
• 发表日期: 1996
• 关键词: MARKET VALUATION

摘要

The papers by Venkatachalam (1996) and Aboody (1996) provide some interesting evidence on issues that are important to accounting regulators as well as accounting academics. However, for econometric as well as economic reasons, there are limits to what we can learn from this type of research (cross-sectional 'levels' studies). Careful attention to methodological issues in this type of research design can reduce, but likely will not eliminate, these interpretational difficulties.