05决策有用的信息观.pptVIP

* 33 32 32 See the “one” to “one’ correspondence. An idea we came across in our first lecture - recall “semantics” - we were concerned with the relationship between the concepts in a theory and the “real” world” - presupposes there is an objective reality * * * * * * * * * * * * 4.2 Causation Versus Association If a security market reaction to accounting information is observed during a narrow window of a few days surrounding an earnings announcement, it can be argued that the accounting information is the cause of the market reaction. It cannot be claimed that reported net income caused the