{"id":9017,"date":"2022-07-27T06:48:58","date_gmt":"2022-07-27T06:48:58","guid":{"rendered":"https:\/\/depocen.org\/publications\/value-relevance-of-financial-statement-information-a-flexible-application-of-modern-theories-to-the-vietnamese-stock-market\/"},"modified":"2022-07-27T06:48:58","modified_gmt":"2022-07-27T06:48:58","slug":"value-relevance-of-financial-statement-information-a-flexible-application-of-modern-theories-to-the-vietnamese-stock-market","status":"publish","type":"publications","link":"https:\/\/depocen.org\/en\/publications\/value-relevance-of-financial-statement-information-a-flexible-application-of-modern-theories-to-the-vietnamese-stock-market\/","title":{"rendered":"Value-Relevance of Financial Statement Information: A Flexible Application of Modern Theories to the Vietnamese Stock \r\nMarket"},"content":{"rendered":"<p>Based on the Ohlson&#8217;s model (1995) and the study of  Aboody et al. (2002) allowing to relax the semi-strong form of the Efficient Markets Hypothesis, the paper tests the value-relevance of<br \/>\nfinancial statement information on the Vietnamese stock market. Contrary to prevailing views that financial statement information is not related to stock prices in Vietnam, the results show that this relationship is statistically meaningful, though somewhat weaker than in other developed and emerging markets. In addition, there is sign that earnings and book value are reflected in stock prices<br \/>\nwith a time lag and the value-relevance of earnings becomes much higher during stock market boom<br \/>\nperiods. These results provide helpful insights to stock market authority and participants for their<br \/>\nrespective activities. <\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[],"author_publications":[1744,1745],"topic_publications":[],"class_list":["post-9017","publications","type-publications","status-publish","hentry","author_publications-nguyen-viet-dung","author_publications-nguyen-viet-dung-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications\/9017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/media?parent=9017"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/cate_publications?post=9017"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/author_publications?post=9017"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/en\/wp-json\/wp\/v2\/topic_publications?post=9017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}