تأثير كفاءة سوق المستثمر في تحديد التوازن الظرفي لخصائص المعلومات المحاسبية

الملخص

The main objective of Accounting, is represented in providing useful
information that guides investment decisions, as the accounting information
is regarded as the basic pillar on which investment decision is based . In
order that the accounting information could produce this effect, it is
necessary to be of specific level of quality that it is vested in individual
characteristic for such information. One of most important of these
characteristics are " suitability and creditability", when the concern of the
investor either concentrates on the timing in obtaining the information or on
the degree of creditability required.
The research problem arise out of different references of accounting
information user of the investors in various quality characteristics which
should be available in such information, and this deference will generate
different balancing points for these characteristics.
The research depends on two propositions
l. The balance of quality characteristics in the accounting information is
regarded as one of the component's efficient proposition of the financial
security market.
2. Balancing circumstantial characteristic accounting information in more
than on point on " preferential curve " in the efficient financial market.
The researchers used in deferent curves analysis as on of the modern
techniques, used in the micro economic theory end edgwardth box, to
determine a combination of accounting information quality characteristic
through indifference curve for the accountant as the provider of accounting
information which is required by each of:
- The shrewd investor (careful).
- The aggressive investor (income investor).
- The risk avoidance investor (capital investor).