The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Value-relevance of nonfinancial information: The wireless communications industry
Open accessAbstract
We examine the value-relevance to investors of financial (accounting) and nonfinancial information of independent cellular companies and find that, on a stand-alone basis, financial information (earnings, book values, and cash flows) are largely irrelevant for security valuation. Nonfinancial indicators, such as POPS (a growth proxy) and Market Penetration (an operating performance measure), are highly value-relevant. However, combined with nonfinancial information, earnings do contribute to the explanation of prices. The complementarity between financial and nonfinancial data is highlighted in this study.
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FAMA, E. F. (1991) · The Journal of Finance · doi:10.1111/j.1540-6261.1991.tb04636.x · Cited by 5,350
Cited by
Healy, P. M., & Palepu, K. G. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00018-0 · Cited by 8,097
The relevance of the value-relevance literature for financial accounting standard setting
Holthausen, R. W., & Watts, R. L. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00029-5 · Cited by 1,742
Gupta, S., Lehmann, D. R., & Stuart, J. A. (2004) · Journal of Marketing Research · doi:10.1509/jmkr.41.1.7.25084 · Cited by 849
The Role of Social Media in the Capital Market: Evidence from Consumer Product Recalls
LEE, L. F., HUTTON, A. P., & SHU, S. (2015) · Journal of Accounting Research · doi:10.1111/1475-679x.12074 · Cited by 434
Quality versus Quantity: The Case of Forward-Looking Disclosure
Beretta, S., & Bozzolan, S. (2008) · Journal of Accounting, Auditing & Finance · doi:10.1177/0148558x0802300304 · Cited by 225
Eisenmann, T. R. (2006) · Strategic Management Journal · doi:10.1002/smj.567 · Cited by 149
Do Customer Acquisition Cost, Retention and Usage Matter to Firm Performance and Valuation?
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Retail investors’ sensitivity to the development and promotion of CSR issues
Porzio, C., Salerno, D., & Stella, G. P. (2023) · Finance Research Letters · doi:10.1016/j.frl.2023.103642 · Cited by 20
Metadata
- Authors
- Amir, E., & Lev, B.
- Venue
- Journal of Accounting and Economics
- Publisher
- Elsevier BV
- Published
- 1996-08
- Volume
- 22
- Issue
- 1-3
- Pages
- 3-30
- ISSN
- 0165-4101 (ISSN-L)
- OpenAlex
- W1972282968
- Cited by
- 1,301
- References
- 1
- FWCI
- 62.43
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
