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

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  • Yohanes Indrayono

Abstract

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 period 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.

Suggested Citation

  • Yohanes Indrayono, 2019. "Value-Relevance of Accounting Information: An Empirical Investigation in Certain European Stock Exchanges," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(9), pages 1-75, September.
    • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:9:p:75
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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