Consistency, Value Relevance and Sufficiency of Book for Market Values in Five Japanese Conglomerates Over the Period 1950–2004.
Market and accounting data for five Japanese conglomerates, Toyota, Fuji, Sony, Itochu and Sumitomo, are analysed over the period 1950 to 2004. Annual market value is regressed on three accounting and six macroeconomic variables, using a general-to-specific approach to construct simple error correct...
| Publicado en: | Abacus Vol. 45; no. 1; pp. 88 - 124 |
|---|---|
| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Mar2009
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=36658071&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 36658071 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00013072 AUB jtl: Abacus issn: 00013072 maglogo: Y pubinfo: dt: Mar2009 vid: 45 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 36658071 10.1111/j.1467-6281.2009.00279.x ppf: 88 ppct: 36 formats: fmt: @attributes: type: P size: 766KB tig: atl: Consistency, Value Relevance and Sufficiency of Book for Market Values in Five Japanese Conglomerates Over the Period 1950–2004. aug: au: COOKE, TERENCE OMURA, TERUYO WILLETT, ROGER affil: Emeritus Professor of Accounting, University of Exeter Department of Accounting at Griffith University Department of Accountancy and Business Law, University of Otago su: Consistency requirements (Accounting) Value (Economics) Book value Market value Conglomerate corporations Japan sug: subj: Japan Consistency requirements (Accounting) Value (Economics) Book value Market value Conglomerate corporations ab: Market and accounting data for five Japanese conglomerates, Toyota, Fuji, Sony, Itochu and Sumitomo, are analysed over the period 1950 to 2004. Annual market value is regressed on three accounting and six macroeconomic variables, using a general-to-specific approach to construct simple error correction models for each of the five firms. The results show that in four of the five firms there is evidence of a long-run relationship between market value and the net book value of assets, which can be interpreted, with increasing degrees of strength, as book values being either consistent with, value relevant for, or sufficient for market value. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Abacus is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Abacus holder: Wiley-Blackwell dt: @attributes: year: 2009 holdings: @attributes: islocal: N |
|---|