Affiliations: [a] School of Accountancy, University of Alabama, P.O.
Box 870220, Tuscaloosa, AL 35487-0220, USA | [b] School of Accountancy, Arizona State University,
Tempe, AZ 85287, USA
Correspondence:
[*]
Address correspondence to Professor Michael T. Dugan; School of Accountancy,
The University of Alabama, P.O. Box 870220, Tuscaloosa, AL 35487-0220,
USA.
Abstract: The purpose of this article is to discuss the compositional characteristics,
potential uses, and sources of measurement error of an economic data base system
(EDBS) sponsored by the Financial Accounting Standards Board (FASB). This EDBS
contains current cost data detailing the effects of changing prices on
approximately 1,500 companies for the years 1979–1984. These current cost data
appear to be useful for empirical studies about the effects of changing prices
on users or firms in accounting research, industrial organization and
macroeconomic modeling in economics research, and the predictive ability of
analysts in finance research.
