ارزش منصفانه حسابداری و واکنش بازار: شواهدی از شرکت های رومانیایی ذکر شده

The quality of the accounting information is determined by its capacity to capture the reality regarding the financial position and performance of the company by confronting the interested parts. On the stock exchange, the quality of the accounting information seen from the credibility point of view can be evaluated through the influence of the results in the financial statements on the market value of the company. The objective of this study is to estimate and test the existence of an influence of the accounting information on the market value, based on the multiple linear regressions. The analyzed sample contains 64 BSE listed companies, between 2010 and 2011, for which data has been collected from the annual and interim financial statements. The results of the study show that the accounting information in the interim financial statements have a greater influence on the market value compared to the information in the annual financial statements.