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March 18, 2026The Accounting Review

A Comparison of General Price Level and Historical Cost Financial Statements in the Prediction of Bankruptcy: A Comment.

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Authors

ISIra SolomonTulane UniversityPBPaul J. BeckUniversity of Southern Mississippi

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Implication

Comment focuses on the predictive value of general price level information in bankruptcy analysis, suggesting biases in existing models.

Key Points

  • The aim is to critique previous research on the effectiveness of general price level data in predicting bankruptcy.
  • Analyzed the framework used by Norton and Smith in their comparison of financial statements.
  • Critiqued the exclusion of significant information in general price level models.
  • Evaluated the fairness of the study period in assessing predictive value.
  • Identified biases in the competing information system framework used in previous work.
  • Demonstrated potentially crucial GPL information was omitted from the analysis.
  • Showed that the timeframe for favoring GPL information is less supportive than previously stated.

Cite This Study

Solomon et al. (1980) studied this question.

synapsesocial.com/papers/69ba421b4e9516ffd37a21c0https://doi.org/10.2308/tar-4513160
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1A Comparison of General Price Level and Historical Cost Financial Statements in the Prediction of Bankruptcy: A Reply.1980
  2. 2A Comparison of General Price Level and Historical Cost Financial Statements in the Prediction of Bankruptcy.1979 · 1 citations
  3. 3Interindustry Estimation of General Price-Level Impact on Financial Information: A Comment.1978
  4. 4The Information Content of General Price Level Earnings: A Reply.1985
  5. 5The Information Content of General Price Level Adjusted Earnings: A Comment.1985