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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


Supply and Demand of Information Influencing Firm Valuation


Author(s): Zane Swanson, Glen D. Moyes

Citation: Zane Swanson, Glen D. Moyes, (2020) "Supply and Demand of Information Influencing Firm Valuation," Journal of Accounting and Finance, Vol. 20, ss. 4, pp. 35-57

Article Type: Research paper

Publisher: North American Business Press

Abstract:

“Accounting represents firm information economics” is a premise for the allocation of scarce resources. Here, the analysis starts with a clean surplus model as the conceptual framework. Then, the theoretical firm information pertaining to the economic supply-and-demand features are incorporated within a path diagram. This framework is investigated empirically with simultaneous regression equations and a structural equation model (SEM). Both approaches have explanatory power. Also, a latent variable measure of internally generated intangible assets positively and significantly affects net income. Sensitivity subsamples investigate size and risk factors for robustness. Thus, this study expands the SEM financial accounting research frontier.