The Accounting Review Vol. 55 No. 1 1980

The Informational Content of General Price Level Adjusted Earnings: Some Empirical Evidence.

Arie Baran¹; Josef Lakonishok²; Aharon R. Ofer^3,4

¹ Assistant Professor of Accounting, Tel-Aviv University 1 · ² Assistant Professor of Accounting & Finance, Tel-Aviv University 2 · ³ Assistant Professor of Finance, Tel Aviv University 3 · ⁴ Northwestern University 4

Abstract

This study explores the extent to which general price-level restated data contain information not included in currently available historical-cost data. The criterion employed is the relative degree of association between alternative accounting measures and securities price behavior. This association is one measure of the extent to which a given information set is related to the broader set underlying investors' decisions. The results obtained in this study appear to support the hypothesis that price-level restated data contain information which is not included in the financial reports currently available.

DOI

10.2308/tar-4511298

Volume

55

Issue

1

Pages

22-35

Language

en

Sources

crossref openalex

Cite

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