Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry
This paper examines the value-relevance of financial and nonfinancial information within the motion picture production and distribution industry. By regressing stock returns and stock prices on various combinations of reported financial variables and unreported quantitative and qualitative nonfinanc...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2016
|
| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/36755/ |
| _version_ | 1848795340966199296 |
|---|---|
| author | HOU, Suna |
| author_facet | HOU, Suna |
| author_sort | HOU, Suna |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This paper examines the value-relevance of financial and nonfinancial information within the motion picture production and distribution industry. By regressing stock returns and stock prices on various combinations of reported financial variables and unreported quantitative and qualitative nonfinancial variables, it is found that both financial (earnings, book values) and nonfinancial information (release amount, user ratings) are value relevant. When combined in the same regression model, nonfinancial metrics add incremental explanatory power over that provided by conventional financial measures. The interrelation between financial and nonfinancial variables is also scrutinised to detect the sustainability-relevant factors. |
| first_indexed | 2025-11-14T19:30:32Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-36755 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T19:30:32Z |
| publishDate | 2016 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-367552017-10-19T17:02:48Z https://eprints.nottingham.ac.uk/36755/ Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry HOU, Suna This paper examines the value-relevance of financial and nonfinancial information within the motion picture production and distribution industry. By regressing stock returns and stock prices on various combinations of reported financial variables and unreported quantitative and qualitative nonfinancial variables, it is found that both financial (earnings, book values) and nonfinancial information (release amount, user ratings) are value relevant. When combined in the same regression model, nonfinancial metrics add incremental explanatory power over that provided by conventional financial measures. The interrelation between financial and nonfinancial variables is also scrutinised to detect the sustainability-relevant factors. 2016 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/36755/1/Value-relevance%20of%20Financial%20and%20Nonfinancial%20Information%20An%20Empirical%20Study%20of%20US%20Motion%20Picture%20Industry.pdf HOU, Suna (2016) Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry. [Dissertation (University of Nottingham only)] Value-relevance; Industry analysis; Financial information; Nonfinancial information; Motion picture production and distribution; User ratings; Sustainability analysis |
| spellingShingle | Value-relevance; Industry analysis; Financial information; Nonfinancial information; Motion picture production and distribution; User ratings; Sustainability analysis HOU, Suna Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry |
| title | Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry |
| title_full | Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry |
| title_fullStr | Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry |
| title_full_unstemmed | Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry |
| title_short | Value-relevance of Financial and Nonfinancial Information: An Empirical Study of US Motion Picture Industry |
| title_sort | value-relevance of financial and nonfinancial information: an empirical study of us motion picture industry |
| topic | Value-relevance; Industry analysis; Financial information; Nonfinancial information; Motion picture production and distribution; User ratings; Sustainability analysis |
| url | https://eprints.nottingham.ac.uk/36755/ |