Decision-useful financial reports in efficient securities markets

Business & Finance, Accounting, Financial
Cover of the book Decision-useful financial reports in efficient securities markets by Dennis Teichmann, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dennis Teichmann ISBN: 9783638355759
Publisher: GRIN Publishing Publication: March 8, 2005
Imprint: GRIN Publishing Language: English
Author: Dennis Teichmann
ISBN: 9783638355759
Publisher: GRIN Publishing
Publication: March 8, 2005
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2002 in the subject Business economics - Controlling, grade: 1,0, University of Hannover (Lehrstuhl für Controlling), course: Seminar zur 'Financial Accounting Theory', 25 entries in the bibliography, language: English, abstract: This paper studies the decision-usefulness of accounting information and the implications of financial reports, especially against the background of efficient securities markets. The decision-usefulness of financial statements gained in importance in the literature of accounting research due to the decline in helpfulness for decision taking of traditional financial statements like earnings, cash flows and stock returns.1 This deterioration is accompanied by a deficit of future-oriented indicators, in particular intangible assets, which are not integrated in the actual financial reporting requirements.2 These outstanding problems lead to incompleteness of capital markets, which are tried to be solved by different mechanisms, e.g. penalties, incentives and voluntary disclosure, to attain to efficient securities markets, the social advantageous solution.3 Section 2 describes the requirements of efficient securities markets, its various forms and the origin of inefficient working securities markets. Chapter 3 illustrates the usefulness of financial statements for different constituencies, especially for investors and management, and the legal standards for mandatory disclosure. Division 4 expresses the information dilemma and presents diverse solutions for an approximation to social optimal allocations, i.e. allocations that diminish securities markets inefficiencies. Chapter 5 gives a short summary of this paper. 1 See LEV / ZAROWIN (Boundaries of Financial Reporting 1999), pp. 354 - 362. 2 See GÜNTHER / BEYER (Value Based Reporting 2001), pp. 1627 - 1629. 3 See SCOTT (Financial Accounting Theory 1997), pp. 81 - 82.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2002 in the subject Business economics - Controlling, grade: 1,0, University of Hannover (Lehrstuhl für Controlling), course: Seminar zur 'Financial Accounting Theory', 25 entries in the bibliography, language: English, abstract: This paper studies the decision-usefulness of accounting information and the implications of financial reports, especially against the background of efficient securities markets. The decision-usefulness of financial statements gained in importance in the literature of accounting research due to the decline in helpfulness for decision taking of traditional financial statements like earnings, cash flows and stock returns.1 This deterioration is accompanied by a deficit of future-oriented indicators, in particular intangible assets, which are not integrated in the actual financial reporting requirements.2 These outstanding problems lead to incompleteness of capital markets, which are tried to be solved by different mechanisms, e.g. penalties, incentives and voluntary disclosure, to attain to efficient securities markets, the social advantageous solution.3 Section 2 describes the requirements of efficient securities markets, its various forms and the origin of inefficient working securities markets. Chapter 3 illustrates the usefulness of financial statements for different constituencies, especially for investors and management, and the legal standards for mandatory disclosure. Division 4 expresses the information dilemma and presents diverse solutions for an approximation to social optimal allocations, i.e. allocations that diminish securities markets inefficiencies. Chapter 5 gives a short summary of this paper. 1 See LEV / ZAROWIN (Boundaries of Financial Reporting 1999), pp. 354 - 362. 2 See GÜNTHER / BEYER (Value Based Reporting 2001), pp. 1627 - 1629. 3 See SCOTT (Financial Accounting Theory 1997), pp. 81 - 82.

More books from GRIN Publishing

Cover of the book Gender Expectations and Power Constellations in Robert Browning's 'My Last Duchess' by Dennis Teichmann
Cover of the book In what respect can Theodore Dreiser's character Caroline Meeber be called a typical picaresque heroine? by Dennis Teichmann
Cover of the book Die Rolle Deutschlands in Afghanistan by Dennis Teichmann
Cover of the book Mr. Knightley and Jane Austen's concept of the gentleman ideal by Dennis Teichmann
Cover of the book Interpreting the Terror - Circumstance or ideology? by Dennis Teichmann
Cover of the book Neue Medien - E-Learning in der Arbeitslehre by Dennis Teichmann
Cover of the book Consumer Research: Literatur Review, Statement Analysis and Focus Groups by Dennis Teichmann
Cover of the book Research Methodology. The Origin and Scope of Thick Ethnography by Dennis Teichmann
Cover of the book Invisible translation in literary reviews by Dennis Teichmann
Cover of the book The Forthcoming Enlargement Of The EU by Dennis Teichmann
Cover of the book The advantages and disadvantages of relationship management by Dennis Teichmann
Cover of the book The Role of Miss Kenton in the Characterisation of Stevens (in Kazuo Ishiguro's novel The Remains of the Day) by Dennis Teichmann
Cover of the book Outsourcing of Manufacturing Processes: Negotiating with a Single Sourcing Supplier by Dennis Teichmann
Cover of the book Productivity and the Management of Performance by Dennis Teichmann
Cover of the book Die Politik der SPD-Führung während der Novemberrevolution und ihre Folgen: KPD und Kapp-Putsch by Dennis Teichmann
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy