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An empirical assessment of proposed Solutions for resolving scale problems in value relevance accounting research

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorGarcía-Lara, Juan M.
dc.contributor.authorAledo Martínez, Juana
dc.contributor.authorGonzalez Perez, Maria T.
dc.contributor.authorGrambovas, Christos A.
dc.contributor.funderMinisterio de Economía y Competitividad (España)es
dc.date.accessioned2022-06-30T13:54:26Z
dc.date.available2022-12-01T00:00:05Z
dc.date.issued2020-12-01
dc.description.abstractWe implement the most common empirical specifications, with different approaches to control for scale problems, used in studies on the value relevance of accounting information. We study whether the results offered by these specifications are consistent with the residual income valuation model and with the Burgstahler and Dichev option-style valuation framework. Undeflated and per-share specifications offer results that are more in line with both benchmarks. Other deflated specifications and approaches deviate, to different extents, from the expectations of both frameworks. We interpret these deviations as signs of misspecification.en
dc.description.sponsorshipWe thank the financial support of the Nuffield Foundation, the Spanish Ministry of Science and Innovation (ECO2013-48328; ECO2016-77579; ECO2016-79693) and the Ramón Areces Foundation.en
dc.identifier.bibliographicCitationAledo Martínez, J., García Lara, J. M., González Pérez, M. T., & Grambovas, C. A. (2019). An empirical assessment of proposed solutions for resolving scale problems in value relevance accounting research. Accounting & Finance,60 (4), pp. 3905-3933.en
dc.identifier.doihttps://doi.org/10.1111/acfi.12510
dc.identifier.issn0810-5391
dc.identifier.publicationfirstpage3905es
dc.identifier.publicationissue4es
dc.identifier.publicationlastpage3933es
dc.identifier.publicationtitleAccounting and Financeen
dc.identifier.publicationvolume60es
dc.identifier.urihttps://hdl.handle.net/10016/35359
dc.identifier.uxxiAR/0000025418
dc.language.isoengen
dc.publisherWileyes
dc.relation.projectIDGobierno de España. ECO2013-48328-C3-3-Pes
dc.relation.projectIDGobierno de España. ECO2016-77579-C3-2-Pes
dc.relation.projectIDGobierno de España. ECO2016-79693es
dc.rights© 2019 Accounting and Finance Association of Australia and New Zealandes
dc.rights.accessRightsopen accessen
dc.subject.otherAccounting researchen
dc.subject.otherCapital marketsen
dc.subject.otherResidual incomeen
dc.subject.otherScalee effectsen
dc.subject.otherValue relevanceen
dc.titleAn empirical assessment of proposed Solutions for resolving scale problems in value relevance accounting researchen
dc.typeresearch article*
dc.type.hasVersionAM*
dspace.entity.typePublication
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