... study the value relevance of accounting information: (1) the fundamental analysis view of value relevance, (2) the prediction view of value relevance, (3) the information view of value relevance, ... declining impact on the relevance of accounting information Overall, they concluded that the relevance of accounting information has declined over the 20-year period, and that changes in the financial ... there is a decline in value relevance of accounting information due to the wholesale changes in the economy and the inability of accounting standards to reflect these changes in the financial statements...