The Information Effects of Current Cost Income as Compared to Dividends and Historical Cost Income

The purpose of this research was to determine whether CCIFCO, as required by SFAS No. 33, was able to provide additional information pertinent to the value of the firm beyond the contemporaneous dividend and historical income per share signals. The information effect was assessed by reference to security return behavior. The research design allowed for the detection of such an information effect through either an incremental or complementary relationship between CCIFCO and dividends in a joint signaling context. The reported effects were marginal in the sense that historical cost income first differences were controlled for in the determination of the sampling unit.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Accountancy

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2014

Author dc:creator

• Schaefer, Thomas Francis

• Business Administration, Accounting

Identifier

(UMI)AAI8310005

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/71374