Usefulness of financial statement information
Thesis title: | Usefulness of financial statement information |
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Author: | Pohl, Petr |
Thesis type: | Diploma thesis |
Supervisor: | Tyll, Ladislav |
Opponents: | Weber, Radek |
Thesis language: | English |
Abstract: | This work is analysing association between stock returns and financial statement information. It studies the usefulness of accounting data for investors and its development in time. In the beginning it summarizes main features of this relationship and derives hypothesis of weakening temporal association. In the analytical part two models for assessment of this phenomenon are introduced and based on various financial indicators available from annual reports it tests this hypothesis year by year. The evidence suggests that the usefulness of financial statement information is not deteriorating over examined period. Nonetheless, the association is very weak despite both increasing investor demand for relevant information and persistent regulator efforts to improve the quality and timeliness of financial information. |
Keywords: | Financial analysis; Relationship; Usefulness |
Thesis title: | Použitelnost finančních výkazů |
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Author: | Pohl, Petr |
Thesis type: | Diplomová práce |
Supervisor: | Tyll, Ladislav |
Opponents: | Weber, Radek |
Thesis language: | English |
Abstract: | Tato práce analizuje vztah mezi návratností akcií a informacami dostupnými z finančních výkazů. Ohodnocuje využitelnost finanční výkonosti zachycené v účetních datech pro investování a zkoumá tuto vývoj této využitelnosti v čase. Stanovuje hypotézu o klesající spojitosti mezi finančními výkazy. Dva modely jsou zavedeny pro ohodnocení využitelnosti z historického hlediska v závislosti na vývoji a stavu různých finančních ukazatelů. Výsledky potvrzují slabou spojitost mezi účetni daty a vývojem ceny akcií. Nicméně tato slabou role nikterak dále časově neklesá. |
Keywords: | Spojitost; Finanční analýza; Využitelnost |
Information about study
Study programme: | Ekonomika a management/International Management |
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Type of study programme: | Magisterský studijní program |
Assigned degree: | Ing. |
Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
Faculty: | Faculty of Business Administration |
Department: | The Department of Business Economics |
Information on submission and defense
Date of assignment: | 21. 3. 2012 |
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Date of submission: | 1. 9. 2012 |
Date of defense: | 19. 9. 2012 |
Identifier in the InSIS system: | https://insis.vse.cz/zp/37078/podrobnosti |