The Relevance of Accounting Information in a Stock Market Bubble: Evidence from Internet IPOs

• Main Authors: BHATTACHARYA, Nilabhra, Demers, Elizabeth, Joos, Philip
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: stock bubbles; IPO; Internet; failure prediction; high tech; innovation; risk assessment; accounting information; market crash; Accounting; Corporate Finance; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/soa_research/961; http://dx.doi.org/10.1111/j.1468-5957.2009.02144.x
• Institution: Singapore Management University

Prior research shows that accounting information is relevant for stock valuation, failure prediction, performance evaluation, optimal contracting, and other decision-making contexts in relatively stable market settings. By contrast, accounting's role during stock market bubbles such as those in...