I review empirical research on the relation between capital markets and financial statements. The principal sources of demand for capital markets research in accounting are fundamental analysis and valuation, tests of market efficiency, and the role of accounting numbers in contracts and the political process. The capital markets research topics of current interest to researchers include tests ...

Finding appropriate way for combination and use of existing resources in order to increase efficiency is one of the questions which has been raised in recent decade in academic strategic management literature. A large number of experimental studies tested this question that which kind of solution or technical and financial strategy leads to better efficiency. One of proposed technical solution ...