ADDITIONAL THOUGHTS ON CONDITIONS FOR FULLY REVEALING DISCLOSURE

ADDITIONAL THOUGHTS ON CONDITIONS FOR FULLY REVEALING DISCLOSURE

It is shown that the Demski and Sappington (1990) invertibility condition is not necessary for fully revealing disclosure; the Vickrey (1992) conditions escape this criticism; and income can be strictly superior to net cash flow in fully revealing disclosure and vice versa These results imply that b...

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Veröffentlicht in:Journal of business finance & accounting 1996-04, Vol.23 (3), p.481-490
1. Verfasser: Vickrey, Don W.
Format: Artikel
Sprache:eng
Schlagworte:
Accounting
Accounting theory
Cash flow
Disclosure
Income measurement
Information dissemination
Valuation
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Zusammenfassung:It is shown that the Demski and Sappington (1990) invertibility condition is not necessary for fully revealing disclosure; the Vickrey (1992) conditions escape this criticism; and income can be strictly superior to net cash flow in fully revealing disclosure and vice versa These results imply that both variables can convey incremental information and, thus, that additional incremental-information-content studies of these variables are desirable.
ISSN:0306-686X
1468-5957
DOI:10.1111/j.1468-5957.1996.tb01135.x