Accounting and prices

Steven J. Monahan

Chapter 12 in Handbook of Financial Decision Making, 2023, pp 256-276 from Edward Elgar Publishing

Abstract: I discuss the role that the financial reporting system plays in facilitating the security price system. Security prices are important and the primary objective of financial reporting is to provide investors with information that they can use when valuing companies and the securities that they issue. Moreover, analytical and empirical evidence implies that the financial reporting system plays a central role in determining enterprise and equity value. Nonetheless, fundamental questions about the role that the financial reporting system plays in facilitating the security price system remain unanswered.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2023
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