What question did this study set out to answer?

The aim is to explore how users react to accounting numbers and the implications for market efficiency.

Information Interactions and Accounting Information User Reactions.

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This article investigates user reactions to accounting information, indicating its significance in market efficiency.

The aim is to explore how users react to accounting numbers and the implications for market efficiency.
Observation of user reactions to accounting information.
Analysis of interactions between accounting data and market behavior.
Examination of portfolio changes in response to new information.
User reactions to accounting numbers indicate varying levels of information significance.
Findings highlight the allocation problem in market efficiency models.
Changes in balanced portfolios occur only with impactful information.

James A. Anderson (1975) studied this question.

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