- مبلغ: ۸۶,۰۰۰ تومان
- مبلغ: ۹۱,۰۰۰ تومان
he purpose of my remarks is to provide one perspective on major areas of capital markets research that have made important contributions to our understanding of accounting numbers, with an emphasis on those published during the past ten years. I do not intend these remarks to be a survey;' instead, I select the five research areas I believe have made the greatest contribution to our knowledge over the past ten years. These areas illustrate the degree to which capital market research has become interconnected. My remarks address why these areas are important, briefly summarize what we have learned, highlight some of the links between these areas, and raise some unresolved issues. Within each area, I identify major issues and some of the key papers, but I do not attempt to be comprehensive. In the process, I have sacrificed depth for breadth. The five areas I have selected are market efficiency, Feltham-Ohlson modeling, value relevance, analysts' behavior, and discretionary behavior. The first two areas, market efficiency and Feltham-Ohlson modeling, are basic platforms that permit us to organize our thinking about the role of accounting in capital markets. The last three areas are applications that incorporate some form of accounting structure or individual behavior.