کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1004908 | 1481939 | 2012 | 24 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: The Value Relevance of International Financial Reporting Standards: Empirical Evidence in an Emerging Market The Value Relevance of International Financial Reporting Standards: Empirical Evidence in an Emerging Market](/preview/png/1004908.png)
This study examines the value relevance of accounting information under International Financial Reporting Standards (IFRS) in the Abu Dhabi Stock Exchange (ADX, henceforth). Based on models developed by Easton and Harris (1991), and Ohlson (1995) and using monthly market data from 2000 to 2006, this paper investigates the value relevance of accounting information of firms traded on the ADX. Our overall results show that earnings scaled by beginning of period price are positively and significantly related to cumulative returns and that earnings per share and book value per share are positively and significantly related to price per share. We also find that value relevance of accounting information has changed since the market inception in 2000. The results documented herein extend the literature on value relevance accounting information in an emerging market that requires the use of IFRS. The study therefore contributes to the debate over the mandatory adoption of IFRS and the value relevance of accounting information reported under IFRS.
Journal: The International Journal of Accounting - Volume 47, Issue 1, March 2012, Pages 85–108