ENGLISH

Economics of Accounting: Information in Markets

Book information

Publisher
Springer US
Year
2003
ISBN
978-0-387-23932-3, 978-1-4615-1133-5
DOI
10.1007/978-1-4615-1133-5
Language
english
Format
PDF
Filesize
54 MB (56343201 bytes)
Series
Springer Series in Accounting Scholarship 1
Edition
1
Pages
593\599
Time added
2014-01-18 08:00:00

Description

Economics of Accounting: Information in Markets examines the fundamentals of a variety of economic analyses of the decision-facilitating and decision-influencing roles of information that are pertinent to the study of the economic impact of accounting. While much of information economic analysis makes no explicit reference to accounting, many generic results apply to accounting reports. Furthermore, the impact of accounting reports depends on the other information received by the economy's participants. Hence, it is essential that accounting researchers have a broad understanding of the impact of publicly reported information within settings in which there are multiple sources of public and private information. The focus in this volume is on the decision-facilitating role of information, with emphasis on the impact of public and private information on the equilibria and investor welfare in capital and product markets.

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