Matches in SemOpenAlex for { <https://semopenalex.org/work/W2313463810> ?p ?o ?g. }
Showing items 1 to 55 of
55
with 100 items per page.
- W2313463810 endingPage "102" @default.
- W2313463810 startingPage "102" @default.
- W2313463810 abstract "Let me start out by saying that Ohlson's research is addressed to a problem which I consider to be of major importance to accounting and to accountants: the question of whether accounting information is useful to investors. In view of my personal and professional prejudice, I am also pleased by the conclusion reached; namely, that it is indeed useful (and this in contrast to some other empirical findings, e.g. Ball and Brown1). I am depressed by the extreme pessimism expressed by my colleague, George Benston who suggests2 that financial statements may only serve to confirm information already available to investors from other sources. It is also clear that a lot of work has gone into the paper-both in terms of thought given to the theoretical framework, and the effort that has gone into carrying out the computations for the empirical tests. For these reasons, it is only with deep regret that I find myself unable to accept the results of Ohlson's research as justifying the conclusions he wants to draw from it. I shall discuss only a number of issues which lead me to this rejection of the conclusion. What was Ohlson's experiment? Put into the most simplistic terms, an individual risk-averse investor selecting an optimal portfolio wants to form expectations about stocks (and portfolios). He has the choice between: (a) a naive model, using no information (Model 3); (b) a formula based on market information only (Model 2); or (c) a formula incor-" @default.
- W2313463810 created "2016-06-24" @default.
- W2313463810 creator A5001408504 @default.
- W2313463810 date "1972-01-01" @default.
- W2313463810 modified "2023-10-18" @default.
- W2313463810 title "Discussion of Analysis of the Usefulness of Accounting Data for the Portfolio Decision: A Decision-Theory Approach" @default.
- W2313463810 doi "https://doi.org/10.2307/2489865" @default.
- W2313463810 hasPublicationYear "1972" @default.
- W2313463810 type Work @default.
- W2313463810 sameAs 2313463810 @default.
- W2313463810 citedByCount "2" @default.
- W2313463810 crossrefType "journal-article" @default.
- W2313463810 hasAuthorship W2313463810A5001408504 @default.
- W2313463810 hasConcept C10138342 @default.
- W2313463810 hasConcept C121955636 @default.
- W2313463810 hasConcept C144133560 @default.
- W2313463810 hasConcept C144237770 @default.
- W2313463810 hasConcept C162324750 @default.
- W2313463810 hasConcept C175444787 @default.
- W2313463810 hasConcept C186116695 @default.
- W2313463810 hasConcept C2780821815 @default.
- W2313463810 hasConcept C28901747 @default.
- W2313463810 hasConcept C41008148 @default.
- W2313463810 hasConcept C9725762 @default.
- W2313463810 hasConceptScore W2313463810C10138342 @default.
- W2313463810 hasConceptScore W2313463810C121955636 @default.
- W2313463810 hasConceptScore W2313463810C144133560 @default.
- W2313463810 hasConceptScore W2313463810C144237770 @default.
- W2313463810 hasConceptScore W2313463810C162324750 @default.
- W2313463810 hasConceptScore W2313463810C175444787 @default.
- W2313463810 hasConceptScore W2313463810C186116695 @default.
- W2313463810 hasConceptScore W2313463810C2780821815 @default.
- W2313463810 hasConceptScore W2313463810C28901747 @default.
- W2313463810 hasConceptScore W2313463810C41008148 @default.
- W2313463810 hasConceptScore W2313463810C9725762 @default.
- W2313463810 hasLocation W23134638101 @default.
- W2313463810 hasOpenAccess W2313463810 @default.
- W2313463810 hasPrimaryLocation W23134638101 @default.
- W2313463810 hasRelatedWork W2057282550 @default.
- W2313463810 hasRelatedWork W2069939571 @default.
- W2313463810 hasRelatedWork W2076643862 @default.
- W2313463810 hasRelatedWork W2139030369 @default.
- W2313463810 hasRelatedWork W2164987253 @default.
- W2313463810 hasRelatedWork W2390837769 @default.
- W2313463810 hasRelatedWork W2490393583 @default.
- W2313463810 hasRelatedWork W2505495400 @default.
- W2313463810 hasRelatedWork W2920932642 @default.
- W2313463810 hasRelatedWork W599553890 @default.
- W2313463810 hasVolume "10" @default.
- W2313463810 isParatext "false" @default.
- W2313463810 isRetracted "false" @default.
- W2313463810 magId "2313463810" @default.
- W2313463810 workType "article" @default.