THE INFORMATION CONTENT OF INFLATION‐ADJUSTED FINANCIAL STATEMENTS
通过比较披露现行成本信息与仅披露历史成本信息的公司股价变动，检验现行成本会计信息是否对股票市场活动有额外影响，结果发现没有可追踪的影响。
This paper seeks to examine whether current cost accounting information provides additional useful information to users of accounts by examining the impact of such information on stockmarket activity. The statistical tests compare the share price movement of companies reporting current cost informa‐ tion with a control group of matched companies reporting only historic cost information. Wherever possible allowance is made for the impact of other information released at the same time as accounting information. The results seem to indicate that the release of current cost information had no traceable effects on the share market prices of the companies concerned.