Invited Remarks: Ball and Brown [1968]
作者回顾了Ball and Brown [1968]论文的写作背景、创新点及其对会计文献的影响，并展望了基于资本市场的会计研究未来方向。
It is a great honor for me to be at this conference and speaking to you today. Nick Dopuch was not all that explicit when it came to a topic for this last session. Nick said, Talk about anything you like. I interpreted that to mean I should talk in general terms about my early work with Ray and its influence on the accounting literature; and in particular, about a paper we wrote about 20 years ago, which is now commonly referred to simply as Ball and Brown [1968]. I begin by covering the paper itself: the antecedent conditions, why the paper was written, what we attempted to do in the paper, and what was novel as far as we were concerned. Next, I give my view of the main strands in the accounting literature, since 1968, that are related to our work. I conclude by offering a few thoughts on directions that the capitalmarkets-based accounting literature might take in the years ahead.