Value-Relevance of Accounting Information: An Empirical Investigation in Certain European Stock Exchanges

Yohanes Indrayono

International Journal of Economics and Finance, 2019, vol. 11, issue 9, 75

Abstract: This study accommodates the value-relevance of accounting information based on a sample of 165 firms listed in one of the following European stock exchanged- CAC 40, BEL 20, DAX 30, FTSE MIB 40 and IBEX 35 Stock Exchanges for the period 2013-2015. This study uses information about the accounting method of recognizing the accounting value-relevance. This study applied linear analysis-regression to investigate the accounting value-relevance information on one hundred sixty-five firms during the period of three years. This study suggests that the accounting information are value-relevant on all the observed stock exchanges. Results of the study indicates that earnings per-share and book value per-share were found to partially and simultaneously affect positively the firm stock price.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:11:y:2019:i:9:p:75

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