The Informational Content of General Price Level Adjusted Earnings: Some Empirical Evidence.
研究一般物价水平调整后的会计数据是否包含历史成本数据中没有的信息，通过比较不同会计指标与证券价格行为的关联程度来检验，结果支持物价水平调整数据具有增量信息。
Abstract ABSTRACT: This study explores the extent to which general price-level restated data contain information not included in currently available historical-cost data. The criterion employed is the relative degree of association between alternative accounting measures and securities price behavior. This association is one measure of the extent to which a given information set is related to the broader set underlying investors' decisions. The results obtained in this study appear to support the hypothesis that price-level restated data contain information which is not included in the financial reports currently available.