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A critical note on empirical comprehensive income research

Philippe Van Cauwenberge UGent and Ignace De Beelde UGent (2010) BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS. 62(1). p.82-101
abstract
This paper presents a critical analysis of empirical comprehensive income research. We distinguish between the informational and the measurement approach to value relevance research and systematically trace the origin of the empirical specifications under both approaches. We demonstrate that value relevance regressions in comprehensive income research are often either arbitrary, underspecified or both. The second part of the paper performs a detailed investigation of the empirical findings, which reveals several peculiarities that defy economic intuition and affect the credibility of the research findings. The conclusion of the paper is that there is danger in taking the empirical findings of this research domain at face value and that the potential for informing standards setters is probably limited.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
VALUE-RELEVANCE LITERATURE, SURPLUS ACCOUNTING FLOWS, FIRM PERFORMANCE, VALUATION ERRORS, STOCK RETURNS, NET INCOME, EARNINGS, INFORMATION, PRICES
journal title
BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS
Betriebswirtsch. Forsch. Prax.
volume
62
issue
1
pages
82 - 101
Web of Science type
Article
Web of Science id
000275841400006
JCR category
BUSINESS
JCR impact factor
0.174 (2010)
JCR rank
94/101 (2010)
JCR quartile
4 (2010)
ISSN
0340-5370
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
925216
handle
http://hdl.handle.net/1854/LU-925216
date created
2010-04-14 10:14:49
date last changed
2015-06-17 11:24:36
@article{925216,
  abstract     = {This paper presents a critical analysis of empirical comprehensive income research. We distinguish between the informational and the measurement approach to value relevance research and systematically trace the origin of the empirical specifications under both approaches. We demonstrate that value relevance regressions in comprehensive income research are often either arbitrary, underspecified or both. The second part of the paper performs a detailed investigation of the empirical findings, which reveals several peculiarities that defy economic intuition and affect the credibility of the research findings. The conclusion of the paper is that there is danger in taking the empirical findings of this research domain at face value and that the potential for informing standards setters is probably limited.},
  author       = {Van Cauwenberge, Philippe and De Beelde, Ignace},
  issn         = {0340-5370},
  journal      = {BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS},
  keyword      = {VALUE-RELEVANCE LITERATURE,SURPLUS ACCOUNTING FLOWS,FIRM PERFORMANCE,VALUATION ERRORS,STOCK RETURNS,NET INCOME,EARNINGS,INFORMATION,PRICES},
  language     = {eng},
  number       = {1},
  pages        = {82--101},
  title        = {A critical note on empirical comprehensive income research},
  volume       = {62},
  year         = {2010},
}

Chicago
Van Cauwenberge, Philippe, and Ignace De Beelde. 2010. “A Critical Note on Empirical Comprehensive Income Research.” Betriebswirtschaftliche Forschung Und Praxis 62 (1): 82–101.
APA
Van Cauwenberge, Philippe, & De Beelde, I. (2010). A critical note on empirical comprehensive income research. BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS, 62(1), 82–101.
Vancouver
1.
Van Cauwenberge P, De Beelde I. A critical note on empirical comprehensive income research. BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS. 2010;62(1):82–101.
MLA
Van Cauwenberge, Philippe, and Ignace De Beelde. “A Critical Note on Empirical Comprehensive Income Research.” BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS 62.1 (2010): 82–101. Print.