Scientific article

Accounting and capital markets: a survey of the European evidence

Published inEuropean accounting review, vol. 11, p. 119-151
Publication date2002

The relationship between accounting information and capital markets has been the subject of numerous studies, especially in the US. The purpose of this article is to examine the corresponding evidence in Europe. This review classifies the European literature into three groups: studies of the market reaction to newly released accounting information; studies of the long-term association between stock returns and accounting numbers; studies devoted to the use of accounting data by investors and to the impact of market pressure on accounting choices. The paper reviews and summarizes the main results related to each of these topics. It also addresses some methodological issues and provides suggestions for future research.

Citation (ISO format)
DUMONTIER, Pascal, RAFFOURNIER, Bernard. Accounting and capital markets: a survey of the European evidence. In: European accounting review, 2002, vol. 11, p. 119–151. doi: 10.1080/09638180220124761
Main files (1)
Article (Published version)
ISSN of the journal0963-8180

Technical informations

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