Commemorating the 50-Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past 50 Years

被引：16

作者：

Kothari, S. P. ^{[1
]}

Wasley, Charles ^{[2
]}

机构：

[1] MIT, Sloan Sch Management, US Secur & Exchange Commiss, Cambridge, MA 02139 USA

[2] Univ Rochester, Simon Business Sch, Rochester, NY 14627 USA

来源：

JOURNAL OF ACCOUNTING RESEARCH | 2019年 / 57卷 / 05期

关键词：

G10; G14; M40; M41; Ball and Brown; earnings; earnings-return relation; earnings usefulness; earnings timeliness; asymmetric timeliness; conservatism; association study; event study; information content; value relevance; positive economics; efficient markets hypothesis; market efficiency; post-earnings-announcement drift; INCREMENTAL INFORMATION-CONTENT; EARNINGS-ANNOUNCEMENT DRIFT; TIME-SERIES PROPERTIES; PRO FORMA EARNINGS; VALUE-RELEVANCE LITERATURE; STOCK-PRICE RESPONSE; NON-GAAP EARNINGS; ACCOUNTING EARNINGS; QUARTERLY EARNINGS; AGGREGATE EARNINGS;

D O I：

10.1111/1475-679X.12287

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We commemorate the 50th anniversary of Ball and Brown [1968] by chronicling its impact on capital market research in accounting. We trace the evolution of various research paths that post-Ball and Brown [1968] researchers took as they sought to build on the foundation laid by Ball and Brown [1968] to create a body of research on the usefulness, timeliness, and other properties of accounting numbers. We discuss how those paths often link back to the groundwork laid and questions originally posed in Ball and Brown [1968].

引用

页码：1117 / 1159

页数：43

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