How many methods are there to examine the information content of accounting numbers?
Excellent Article answer your question
http://www.chicagobooth.edu/pdf/BallBrown1968.pdf
A paper published by Ou, in the Journal of Accounting Research, 1990, Vol 28, Issue (1) titled The Information Content of Non-earnings Accounting Numbers As Earnings Predictors might be helpful as well.
Dear Jehad Alqerm, you may also read the following article about the value relevance of accounting numbers.
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