Relationship Between Market Value and Book Value of Malaysian Firms Under Pre and Post FRS. - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Relationship Between Market Value and Book Value of Malaysian Firms Under Pre and Post FRS. write by Mohamed Zulkifli. This book was released on 2009. Relationship Between Market Value and Book Value of Malaysian Firms Under Pre and Post FRS. available in PDF, EPUB and Kindle. Many researches have been conducted on the effect of adoption of IFRS on value relevance of firms e.g. Ahmed and Goodwin [2006], Harris and Muller [1999], Bartov et al. [2005], Lin and Chen [2005], Horton and Serafeim [2006], Schiebel [2006] and Niskanen et al. [2000]. Even though they were employing similar model [Ohlson, 1995], their results were not conclusive. In Malaysia, the effect of adoption of FRS on value relevance of accounting numbers is still not known yet. Current study utilised Ohlson [1995] model to investigate the relationship between market value, book value and earnings [value relevance] of Malaysian [property] firms under two different financial reporting environments namely MASB environment and FRS environment. The results show that significant relationship exists between market value, book value and earnings throughout the period under study. When the sample is separated into MASB and FRS periods, a more significant relationship between market value, book value and earnings exists during the FRS period.
Financial Accounting and Equity Markets
Financial Accounting and Equity Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Accounting and Equity Markets write by Philip Brown. This book was released on 2013-06-19. Financial Accounting and Equity Markets available in PDF, EPUB and Kindle. Philip Brown is one of the most admired and respected accounting academics alive today. He was a pioneer in capital markets research in accounting, and his 1968 article, co-authored with Ray Ball, "An Empirical Evaluation of Accounting Income Numbers," arguably had a greater impact on the course of accounting research, directly and indirectly, than any other article during the second half of the twentieth century. Since that time, his innovative research has focused on issues that bridge accounting and finance, including the relationships between net profit reports and the stock market, the long-run performance of acquiring firms, statutory sanctions and voluntary corporate disclosure, and the politics and future of national accounting standards to name a few. This volume brings together the greatest hits of Brown’s career, including several articles that were published in out-of-the-way places, for easier use by students and researchers in the field. With a foreword written by Stephen A. Zeff, and an introduction that discusses the evolution of Brown’s research interests and explains the context for each of the essays included in the volume, this book offers the reader a unique look inside this remarkable 50-year career.
Value Relevance of Book Value and Earnings
Value Relevance of Book Value and Earnings - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Value Relevance of Book Value and Earnings write by Mohd Halim Kadri. This book was released on 2016. Value Relevance of Book Value and Earnings available in PDF, EPUB and Kindle. This study aimed at investigating the value relevance of book value and earnings and the relationship between earnings and operating cash flow of two different financial reporting regimes in Malaysia. A market and non-market valuation approaches were utilised for that purpose. The result of market valuation approach of pool sample shows that book values and earnings are value relevant. We also observed that the change in financial reporting regime affects significantly the value relevance of book value and but not earnings. While book value and earnings are value relevant during the MASB period, only book value is value relevance during the FRS period. The result of non-market valuation approach on the other hand, shows that the change in financial reporting regime has no significant effect on the relationship between earnings and operating cash flow. The result of market valuation approach implicates that the introduction of new or improved standards under FRS regime strengthen the position of book value thus leaving earnings behind in equity valuation. The result of non-market valuation model implicates that the level of relationship between earnings and operating cash flow persists as long as operating cash flow comprise of cash and cash equivalent components whereas earnings comprise of cash and accruals components. The study contributes to the existing literature in the area of the effect of adoption of FRS on value relevance of accounting numbers in Malaysia.
The Relationships Between Earnings Per Share (EPS), Book Value Per Share (BVPS) and Stock Prices Under Both Pre and Post-FRS Reporting Regimes in Malaysia
The Relationships Between Earnings Per Share (EPS), Book Value Per Share (BVPS) and Stock Prices Under Both Pre and Post-FRS Reporting Regimes in Malaysia - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Relationships Between Earnings Per Share (EPS), Book Value Per Share (BVPS) and Stock Prices Under Both Pre and Post-FRS Reporting Regimes in Malaysia write by Chee Hoong Leong. This book was released on 2011. The Relationships Between Earnings Per Share (EPS), Book Value Per Share (BVPS) and Stock Prices Under Both Pre and Post-FRS Reporting Regimes in Malaysia available in PDF, EPUB and Kindle.
Determinant of Financial Instruments Disclosure Quality Among Listed Firms in Malaysia
Determinant of Financial Instruments Disclosure Quality Among Listed Firms in Malaysia - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Determinant of Financial Instruments Disclosure Quality Among Listed Firms in Malaysia write by Mohamat Sabri Hassan. This book was released on 2008. Determinant of Financial Instruments Disclosure Quality Among Listed Firms in Malaysia available in PDF, EPUB and Kindle. A lack of proper reporting guidelines on the reporting of the market value of financial instruments may lead to poor disclosure of the value of firms' financial instruments (and net worth). This poor disclosure may subsequently mislead the investors in making their investment decisions. This paper investigates the disclosure quality of financial instruments disclosure of Malaysian firms listed in the Bursa Malaysia. In this paper we explore the association between the disclosure quality of financial instruments information and the firm characteristics. We measure disclosure quality based on a disclosure index which is based on seven categories of information required in Malaysian Accounting Standards Board (MASB) 24 Financial Instruments: Disclosure and Presentation. Our results indicate that on average the disclosure quality among Malaysian firms is low. However, the level of disclosure is increasing, especially in the period immediately after the issuance of MASB 24. We find that firm size, debt to total assets, and risk management committee are associated with disclosure quality of financial instruments. Further, we also find that post period is highly related with disclosure quality. This indicates that the implementation of financial instruments disclosure standards does influence firms to provide high quality of reporting.
