A Perspective on the Stock Market's Fixation on Accounting Numbers.

Seha M. Tiniç

doi:10.2308/tar-9603274124

October 1, 1990The Accounting Review

A Perspective on the Stock Market's Fixation on Accounting Numbers.

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Key Points

The study examines the role of accounting numbers in determining stock prices, focusing on the functional fixation hypothesis.
Analyzed the functional fixation hypothesis within the context of price formation in competitive markets.
Reviewed empirical evidence that relates stock prices to accounting figures.
Identified a significant correlation between accounting numbers and stock price movements.
Demonstrated that investors often show a fixation on accounting metrics when making decisions.

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Implication

This analysis explores how accounting numbers influence stock prices, indicating investors' fixation on these figures.

Abstract

Discusses whether stock prices are set by investors who are fixated on accounting numbers. Functional fixation hypothesis (FFH); FFH and price formation in competitive markets; Empirical evidence.

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Seha M. Tiniç (1990) studied this question.

synapsesocial.com/papers/69ba423c4e9516ffd37a242f https://doi.org/10.2308/tar-9603274124

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A Perspective on the Stock Market's Fixation on Accounting Numbers.

Key Points

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Implication

Abstract

Discussion

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A Perspective on the Stock Market's Fixation on Accounting Numbers.

Key Points

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Implication

Abstract

Discussion

Cite This Study

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