一般来说,在这个领域的研究在过去的30年重点检查某些变量之间的关系和资产价值或股票价格。在一个开创性的研究中,球和棕色(1968)发现了一个积极和显著收益和股票价值之间的联系。会计收入的实证评价所需数据协议的实际构成了一个有用的合适的测试结果。因为净利润是图特别感兴趣的投资者,他们作为标准的预测结果是投资决策是反映在证券价格上。自作用可以减少缺陷的内容或现有的时机年度净收益数字,他们两人将被评估。当时资本理论的发展提供了更多的选择,价格安全的操作测试业务的有效性。令人印象深刻的机构支持的概念理论,资本市场都是有效和公平的,如果信息是有用的在形成资本资产价格,然后在市场上资产价格将迅速调整,以进一步获得异常的信息没有留下任何机会。证据表明,如果股票价格实际上真的很快适应新的信息,然后股票价格的变化将反映市场信息。股票价格和收入的观察修订发布的报告将提供的证据的信息反映在收入数据是有用的。球和棕色的方法会计收入,股票价格是基于理论和证据通过专注于独特的信息到一个特定的公司。具体来说,球和布朗两个替代模型的市场预期收入,然后调查了错误当预期的市场反应。
英国食品科学作业代写:领域的研究
Generally speaking, much of the research in this area for the last 30 years was focused on inspecting the relationship between certain variables and equity values or stock price. In a seminal study, Ball and Brown (1968) found a positive and statistically significant association between earnings and equity value. An empirical evaluation of accounting income figures required for agreement as to what real-world results constituted a useful appropriate test.Because net income was a figure of particular interest to investors, the result they used as the standard forecast was the investment decision making as it was reflected in security prices. Since usefulness could be reduced by deficiencies in either of the content or the timing of existing annual net income numbers, both of them would be evaluated.The developments of capital theory at that time provided more choices to the price of security as an operational test of the usefulness of business. Impressive Institutions to support the idea of the theory that the capital market are both effective and fair, if the information is useful in forming capital asset prices, then the market in asset prices will be quickly adjusted to the information without leaving any opportunity for further abnormal gain.As the evidence indicates, if stock price do in fact really quickly adapt to the new information and then changes in stock prices will reflect the information market. As observed revision of stock prices and income report published would provide the evidence that the information reflected in the income figures are useful. Ball and Brown’s method of accounting on income to stock price was based on the theory and evidence by focusing on the unique information which is to a specific company. Specifically, Ball and Brown built two alternative models of what was the market expected income to be, and then investigated the error when the expected market response.
