Economics of accounting. Peter O. Christensen, Gerald A. Feltham. Volume 1, Information in markets /
"Economics of Accounting: Volume I - Information in Markets is divided into four parts. In Part A, the authors set the stage in terms of representation of uncertainty, preferences, decisions, and information in a single decision maker setting. The important concept of risk sharing is also intro...
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| Main Authors: | , |
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| Format: | Book |
| Language: | English |
| Published: |
Boston :
Kluwer Academic Publishers,
[2003]
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| Series: | Kluwer series in accounting scholarship ;
1. |
| Subjects: |
| Summary: | "Economics of Accounting: Volume I - Information in Markets is divided into four parts. In Part A, the authors set the stage in terms of representation of uncertainty, preferences, decisions, and information in a single decision maker setting. The important concept of risk sharing is also introduced in a partnership setting. The concepts developed in Part A are fundamental to the analyses of information in markets in the first volume and in the analyses of performance evaluation in the second volume. Part B extends the analysis to a competitive market setting in which all information is public, and explicitly considers accounting representations of information used in valuation. Part C considers settings in which investors may acquire private information prior to or concurrent with public reports. Finally, Part D considers settings in which managers (or owners) of firms have private information that they can publicly disclose to the capital and product markets."--BOOK JACKET. |
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| Physical Description: | xx, 593 pages : illustrations ; 25 cm. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 1402072295 9781402072291 |