Document Type : Research Paper
Authors
1
Ph.D Student, Department of Accounting, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
2
Assistant Professor, Department of Accounting, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
3
Associate Professor, Department of Accounting, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
4
Professor, Department of Industrial Management, Faculty of Management and Accounting, Allameh Tabataba’i University, Tehran, Iran.
10.22051/jera.2025.50307.3538
Abstract
A large number of researchers share the view that value relevance should be considered as one of the most interesting and controversial research streams in the accounting and finance literature. Value relevance means that historical information in financial statements (e.g., accounting earnings) is able to explain changes in current information in the market (e.g., stock returns), and the higher explanatory power is, the greater the value relevance. The introduction of value relevance term in 1968 has led to a wide range of advancements in accounting and finance literature. Today, there has been a great deal of research in regard to value relevance, and studies have examined various aspects of this new research area. In order to identify the main topics and top players of the value relevance literature, this study seeks to examine the accumulated literature in this field using bibliometric techniques (performance analysis and science mapping). To this goal, by analyzing 927 documents published in the Scopus database over a 29-year period (1996 to 2024), we found that value relevance, international financial reporting standards, earnings, accounting information, corporate governance, and earnings management should be considered the main topics in this field. In addition, the most cited documents and top players in the value relevance literature were identified. The findings of our study can shed light in several aspects such as selecting topics, identifying the best research components, making policies in collaboration with other researchers, etc.
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