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The Association Between Accounting Information Disclosure And Stock Price

Author

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  • Hwei Cheng Wang
  • Hsain-Jane Chang

Abstract

This study examines whether higher information disclosure firms have higher associations with accounting returns (EPS) and stock prices based on the Ohlson (1995) model. Survey results on information disclosure and transparency of Taiwan firms in 2004 were obtained from the Taiwan SEC. The results indicate that firms with high levels of information disclosure have a higher association between accounting earning and stock market price than firms with low levels of information disclosure. In addition, the results provide evidence that there is a positively significant relationship between book value and stock price as well as between earnings per share and stock price

Suggested Citation

  • Hwei Cheng Wang & Hsain-Jane Chang, 2008. "The Association Between Accounting Information Disclosure And Stock Price," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 2(2), pages 1-10.
    • Handle: RePEc:ibf:gjbres:v:2:y:2008:i:2:p:1-10
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    Citations

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    Cited by:

    1. Hesham Abdelghany, 2015. "The effect of accounting disclosure quality and information asymmetry on the stock market activity ? an applied study on listed companies in the Egyptian stock market," Proceedings of International Academic Conferences 2704127, International Institute of Social and Economic Sciences.

    More about this item

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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