rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: A
    title: study of investor reaction to accounting changes required by FASB Statement no. 2 and Statement no. 8
  name:
    name part: Willis, G. W. Ketchel.
    role:
      role term: creator
  name:
    name part: Cooper, S. K.
    role:
      role term: degree committee member.
  name:
    name part: Jenkins, O. C.
    role:
      role term: degree committee member.
  name:
    name part: Pointer, L. G.
    role:
      role term: degree supervisor.
  name:
    name part: Stone, B. D.
    role:
      role term: degree committee member.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses.
  origin info:
    place:
      place term: txu
    date issued: 1977
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: xiii, 216 leaves ; 28 cm
  abstract: The present study was concerned with what criterion should be considered by accounting policy makers. The study focused on external reporting techniques. Financial statements, through accounting numbers, have generally been considered as the means of providing information to securities investors. Therefore, the reaction of the aggregate securities market to accounting numbers generated by alternative accounting treatments was investigated. More specifically, market reaction to recent policy standards required by FASB Statement No. 2 and Statement No. 8 was analyzed in an attempt to ascertain investor evaluation of the new standards. Three conflicting 'theories of market reaction to accounting treatment changes were considered. The economic value hypothesis (EVH) suggests that the securities V market adjusts prices only when accounting treatment changes modify the economic value of a firm. The naive investor hypothesis implies that investors are dependent upon external financial statements as a primary source of information, with reported earnings being the most important item on the statements. Any change in reported earnings, therefore, would cause a corresponding change in market prices. In contrast, the new information hypothesis assumes that if an accounting treatment change provides new information with which the securities market could better forecast future cash flows or risks associated with the flows, then the market would react by adjusting the security prices.
  note: by G.W. Ketchel Willis.
  note: "Major subject: Business Administration (Accounting)."
  note: Vita.
  note: Texas A & M University
  note: Includes bibliographical references (leaves 153-159).
  subject:
    name:
      name part: Financial Accounting Standards Board.
  subject:
    name:
      name part: Financial Accounting Standards Board.
  subject:
    topic: Accounting
  subject:
    topic: Major accounting
  identifier: http://proxy.library.tamu.edu/login
  identifier: https://hdl.handle.net/1969.1/DISSERTATIONS-623198
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: https://hdl.handle.net/1969.1/DISSERTATIONS-623198
  record info:
    record content source: TXA
    record creation date: 780719
    record change date: 20220104090638.0
    record identifier: in00000618302
    language of cataloging:
      language term: eng