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This document summarizes a research paper that examined the value relevance of financial statements and their impact on stock prices using evidence from Greece. The study analyzed 101 non-financial firms listed on the Athens stock exchange from 1995 to 2004. The researchers developed models using ratios and accruals quality measures to assess the validity of financial reporting. The results indicate that both discretionary and non-discretionary accruals are important in explaining stock return movements in

Author
anubha srivastava
Language
EN

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