Can I read The value-relevance of financial and non-financial information for Internet companies on EtoBox?

The value-relevance of financial and non-financial information for Internet companies by Carol M. Graham; Mark V. Cannice; Todd L. Sayre is a Business, Management and Accounting article available to read on EtoBox.

What is The value-relevance of financial and non-financial information for Internet companies about?

## Abstract This article assesses the extent to which non‐financial measures of Internet usage are incrementally value‐relevant over and above basic financial information across four Internet industry sectors. Using ordinary least squares (OLS) regression analysis we test the extent to which net income, book value, unique users, page views, and hours per user are able to explain stock prices for a sample of 341 firm quarters for the period Q1: 1999–Q1: 2000. Our results indicate that net income has no ability to explain market values for the pooled sample or for any of the Internet sectors examined. With respect to the non‐financial variables, we find that for e‐tailers and content/community firms, page views have the greatest explanatory power. For service companies, unique users have the greatest ability to explain market values, and for infrastructure companies, none of our non‐financial variables are significant. © 2002 John Wiley & Sons, Inc.

Who reads The value-relevance of financial and non-financial information for Internet companies?

Author

Carol M. Graham; Mark V. Cannice; Todd L. Sayre

Publisher

John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley (ISSN 1096-4762)

Published

2001

Language

EN

Field

Business, Management and Accounting (Social Sciences)