The Contractual and Value Relevances of Reported Earnings in an Unregulated Information Market: The Case of Switzerland

D. Cormier, Michel Magnan () and B. Morard

Working Papers from Ecole des Hautes Etudes Commerciales, Universite de Geneve-

Abstract: Earnings reported by North American firms are conditioned by specific contextual factors that enhance their contractual and value relevances: regulatory oversight by securities commissions, relatively strict accounting and auditing standards, an extensive financial analysis industry and active investors. Such an environment is bound to influence the relevance of accounting information. However, there is still only scarce evidence about the relevance of earnings information in a context where it is unregulated and unconstrained. This study focuses on Switzerland since its information market with respect to earnings is almost free of constraints.

Keywords: SWITZERLAND; INCOME; ACCOUNTING; INFORMATION (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Pages: 46 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:ehecge:98.19

Access Statistics for this paper

More papers in Working Papers from Ecole des Hautes Etudes Commerciales, Universite de Geneve- Suisse; Ecole des Hautes Etudes Commerciales, Universite de Geneve, faculte des SES. 102 Bb. Carl-Vogt CH - 1211 Geneve 4, Suisse. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().