The DOI matches its Crossref record; 16 of the 16 references it cites were found in a registry or an index.
Scale Effects in Capital Markets‐Based Accounting Research
Open accessAbstract
Abstract: Based on data simulated using a modified Ohlson (1995) valuation model, we investigate effects on inferences of five potential scale‐related effects: multiplicative and additive omitted scale factors, scale‐varying coefficients, survivorship, and heteroscedasticity. We find that diagnostics identified in prior research are not successful in detecting or distinguishing these scale effects. Thus, we investigate the effectiveness at mitigating scale effects of six specifications of regressions of equity market value on equity book value and earnings: undeflated, share‐deflated, equity book value‐deflated, lagged price‐deflated, returns, and equity market value‐deflated. For each specification, we compare frequency of correct rejection that the coefficients equal zero, coefficient bias and absolute error, and regression explanatory power. We find that share‐deflated and undeflated specifications generally perform the best, regardless of the type of scale effect.
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Cites
A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
White, H. (1980) · Econometrica · doi:10.2307/1912934 · Cited by 25,861
Earnings, Book Values, and Dividends in Equity Valuation*
OHLSON, J. A. (1995) · Contemporary Accounting Research · doi:10.1111/j.1911-3846.1995.tb00461.x · Cited by 5,042
Econometric Models and Economic Forecasts
Pindyck, R. S., & Rubinfeld, D. L. (1990) · eYLS (Yale Law School) · Cited by 4,973
The theory and practice of econometrics
(1986) · Journal of Macroeconomics · doi:10.1016/0164-0704(86)90027-3 · Cited by 4,342
Barth, M. E., Beaver, W. H., & Landsman, W. R. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00019-2 · Cited by 1,953
Self-citationAn empirical assessment of the residual income valuation model
Dechow, P. M., Hutton, A. P., & Sloan, R. G. (1999) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(98)00049-4 · Cited by 917
Use of R2 in accounting research: measuring changes in value relevance over the last four decades
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Kothari, S. P., & Zimmerman, J. L. (1995) · Journal of Accounting and Economics · doi:10.1016/0165-4101(95)00399-4 · Cited by 688
Barth, M. E., & Clinch, G. (1998) · Journal of Accounting Research · doi:10.2307/2491314 · Cited by 632
Self-citationCross-Sectional Dependence and Problems in Inference in Market-Based Accounting Research
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Cited by
Firm-value effects of carbon emissions and carbon disclosures
Matsumura, E. M., Prakash, R., & Vera-Muñoz, S. C. (2014) · The Accounting Review · doi:10.2308/accr-50629 · Cited by 1,681
The economic consequences associated with integrated report quality: Capital market and real effects
Barth, M. E., Cahan, S. F., Chen, L., & Venter, E. R. (2017) · Accounting, Organizations and Society · doi:10.1016/j.aos.2017.08.005 · Cited by 602
Self-citationExpanded audit report and the value relevance of goodwill impairment
Elmahgoub, M., Smith, J. A., Elamer, A. A., & Abdelfattah, T. (2026) · Journal of Accounting Literature · doi:10.1108/jal-01-2025-0041 · Cited by 2
Metadata
- Authors
- Barth, M. E., & Clinch, G.
- Venue
- Journal of Business Finance & Accounting
- Publisher
- Wiley
- Published
- 2009-04
- Volume
- 36
- Issue
- 3-4
- Pages
- 253-288
- ISSN
- 0306-686X (ISSN-L)
- 1468-5957
- OpenAlex
- W3124072073
- Cited by
- 452
- References
- 16
- FWCI
- 63.58
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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