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Discussion of “The Effect of Limited Liability on the Informativeness of Earnings: Evidence from the Stock and Bond Marketsâ€

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  • PHILIP G. BERGER

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  • Philip G. Berger, 1999. "Discussion of “The Effect of Limited Liability on the Informativeness of Earnings: Evidence from the Stock and Bond Marketsâ€," Contemporary Accounting Research, John Wiley & Sons, vol. 16(3), pages 575-581, September.
    • Handle: RePEc:wly:coacre:v:16:y:1999:i:3:p:575-581
    DOI: 10.1111/j.1911-3846.1999.tb00596.x
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    References listed on IDEAS

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    1. Jensen, Michael C. & Meckling, William H., 2008. "Theory of the firm: managerial behavior, agency costs and ownership structure," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 48(2), April.
    2. Paul E. Fischer & Robert E. Verrecchia, 1997. "The Effect of Limited Liability on the Market Response to Disclosure," Contemporary Accounting Research, John Wiley & Sons, vol. 14(3), pages 515-541, September.
    3. Collins, Daniel W. & Maydew, Edward L. & Weiss, Ira S., 1997. "Changes in the value-relevance of earnings and book values over the past forty years," Journal of Accounting and Economics, Elsevier, vol. 24(1), pages 39-67, December.
    4. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    5. Core, John E. & Schrand, Catherine M., 1999. "The effect of accounting-based debt covenants on equity valuation1," Journal of Accounting and Economics, Elsevier, vol. 27(1), pages 1-34, February.
    6. Berger, Philip G. & Ofek, Eli & Swary, Itzhak, 1996. "Investor valuation of the abandonment option," Journal of Financial Economics, Elsevier, vol. 42(2), pages 257-287, October.
    7. Barth, Mary E. & Beaver, William H. & Landsman, Wayne R., 1998. "Relative valuation roles of equity book value and net income as a function of financial health," Journal of Accounting and Economics, Elsevier, vol. 25(1), pages 1-34, February.
    8. Collins, Daniel W. & Kothari, S. P., 1989. "An analysis of intertemporal and cross-sectional determinants of earnings response coefficients," Journal of Accounting and Economics, Elsevier, vol. 11(2-3), pages 143-181, July.
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    Cited by:

    1. Peter D. Easton & Steven J. Monahan & Florin P. Vasvari, 2009. "Initial Evidence on the Role of Accounting Earnings in the Bond Market," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 47(3), pages 721-766, June.

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