The Gonedes Theory : The Aggregate-Market Paradigm About Accounting Procedures Numbers For Informational Content By Market Responses

Abstract

This paper discusses and summarizes the gonedes theory, a theory that develops an aggregate market paradigm model. The paradigm of aggregate market behavior/decision makers/decision usefulness is supported by several theories and methods. According to this theory, the choice of accounting information system is determined by the behavior of the market as a whole. T through Home Visits this indicates that in general the situation of the market that is efficient, showing abnormal return can be obtained by using the use of information that is more extensive, and the trading patterns associated is zero . This theory has become a reference for studies that have received wide attention and has become the most interesting topic in the development of corporate finance theory.