Author : Mohamed Zulkifli
Release : 2009
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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.