本期向大家推送在国际顶级刊物发表的三篇经典论文，即会计信息与企业投资（效率）主题的三篇分析式研究论文，具体如下：

AccountingMeasurementBasis,MarketMispricing,andFirmInvestmentEfficiency

PIERREJINGHONGLIANG,CarnegieMellonUniversity

XIAOYANWEN,CarnegieMellonUniversity

Abstract:Inthispaper,weinvestigatehowtheaccountingmeasurementbasisaffectsthecapitalmarketpricingofafirmsshares,which,inturn,affectstheefficiencyofthefirmsinvestmentdecisions.Wedistinguishtwobroadbasesforaccountingmeasurements:input-basedandoutput-basedaccounting.Wearguethatthestructuraldifferenceinthetwomeasurementbasesleadstoasystematicdifferenceintheefficiencyoftheinvestmentdecisions.Inparticular,weshowthatanoutput-basedmeasurehasanaturaladvantageinaligninginvestmentincentivesbecauseofits







































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