CONCLUDING COMMENTS
Overall,Ball and Brown (1986) expressed a view of information in markets that was new to the accounting literature, and contributed to a sea change in attitudes toward financial markets, disclosure, and financial reporting. Viewed more generally, the research demonstrated that accounting is a viable area for market-based and information-economics reasoning, at a time when these areas were just being developed. It helped elevate the status of accounting research among colleagues in adjacent areas and in universities generally. We are fortunate and proud to have authored it.