SSE/EFI Working Paper Series in Business Administration,
Stockholm School of Economics

Abstract: The paper investigates the value relevance of accounting information in the Czech Republic in 1994-2001. Value relevance is understood as the ability of financial statement information to capture or summarise information that affects share values and empirically tested as a statistical association between market values and accounting values. The first objective is to evaluate the value relevance of accounting information in the Czech Republic in comparison to accounting information in a well-developed market economy. The second objective is to investigate whether the value relevance of accounting information has increased over time in the Czech Republic, as an indictor of improvements in the accounting regulation and practice. Sweden is chosen as a benchmark country for the comparison. The results show that the value relevance of accounting information indeed is lower in the Czech Republic than in Sweden. The results, however, indicate an improvement in the quality of the Czech financial accounting information during the research period

Keywords: value relevance; financial accounting information; transitional economy; international accounting

44 pages, October 11, 2005

Full text files

hastba2005_010.pdf  Full text

Download statistics

• Stockholm School of Economics
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Helena Lundin ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhb:hastba:2005_010This page generated on 2024-09-13 22:18:20.