Value-Relevance of Accounting Information: An Empirical Investigation in Certain European Stock Exchanges

Yohanes Indrayono
2019 International Journal of Economics and Finance  
This study accommodates the value-relevance of accounting information based on a sample of 165 firms listed in one of the following European stock exchanged: CAC 40, BEL 20, DAX 30, FTSE MIB 40 and IBEX 35 Stock Exchanges for the period 2013-2015. This study uses information about the accounting method of recognizing the accounting value-relevance. This study applied linear analysis-regression to investigate the accounting value-relevance information on one hundred sixty-five firms during the
more » ... riod of three years. This study suggests that the accounting information are value-relevant on all the observed stock exchanges. Results of the study indicates that earnings per-share and book value per-share were found to partially and simultaneously affect positively the firm stock price.
doi:10.5539/ijef.v11n9p75 fatcat:2fvu6g6pafaxbivyqgegdwycsi