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March 18, 2026The Accounting Review

The Communicative Effectiveness of Consistency Exceptions.

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Authors

EBElba F. BaskinArt Institute of Chicago

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Implication

Empirical research explores information content in accounting data for investors, suggesting mixed outcomes.

Key Points

  • To investigate the information content of consistency exceptions in accounting data for investors and the implications for their decision-making.
  • Empirical research examining the effects of consistency exceptions on investors' perceptions.
  • Analysis of annual report price profiles to assess the information content.
  • Evaluation of investor ability to interpret subtle differences in accounting data.
  • Investors generally do not perceive significant information from consistency exceptions.
  • Evidence for the use of materiality criteria by investors was weak and inconclusive.
  • Annual report price profiles showed no statistical significance on a weekly basis, indicating low perceived information content.

Cite This Study

Elba F. Baskin (1972) studied this question.

synapsesocial.com/papers/69ba422e4e9516ffd37a2379https://doi.org/10.2308/tar-4486762
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Also Consider

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

  1. 1Do Consistency Modifications Provide Information to Equity Markets?1992
  2. 2The Information Content of Annual Reports: A Price and Trading Response Analysis.1991 · 1 citations
  3. 3The Incidence and Nature of Consistency Exceptions.1969
  4. 4A Study of the Consensus on Disclosure among Public Accountants and Security Analysts: An Alternative Interpretation.1977
  5. 5Some Evidence on Investor Actions and Accounting Messages-Part II.1971