Accounting, Cash Flow and Value Relevance

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Publisher : Springer Nature
ISBN 13 : 3030506886
Total Pages : 116 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Accounting, Cash Flow and Value Relevance by : Francesco Paolone

Download or read book Accounting, Cash Flow and Value Relevance written by Francesco Paolone and published by Springer Nature. This book was released on 2020-07-29 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the concept “Cash is King” is today widely recognized, the cash flow statement was rather neglected until the EU accounting regulators discovered its relevance in explaining the real value of the business. This book investigates the value relevance of the operating cash flow as reported under the International Financial Reporting Standards (IAS/IFRS) for the largest European listed companies and US listed companies in the past recent years. Using the model based on the valuation theory developed by Ohlson, which measures the market value of equity as a function of accounting variables, the author concludes that operating cash flow represents a significant variable in determining the value relevance of the largest European and US listed companies. These findings provide siginificant implications for standard setters and support the continued requirements for disclosure of cash flow information under IAS 7.

The Value Relevance of International Financial Reporting Standards

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Publisher :
ISBN 13 :
Total Pages : 214 pages
Book Rating : 4.:/5 (654 download)

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Book Synopsis The Value Relevance of International Financial Reporting Standards by : Caroline Mary Bridges

Download or read book The Value Relevance of International Financial Reporting Standards written by Caroline Mary Bridges and published by . This book was released on 2009 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Value Relevance of Accounting Information in Capital Markets

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Publisher : IGI Global
ISBN 13 : 1522519017
Total Pages : 334 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Value Relevance of Accounting Information in Capital Markets by : Ojo, Marianne

Download or read book Value Relevance of Accounting Information in Capital Markets written by Ojo, Marianne and published by IGI Global. This book was released on 2016-12-12 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: Among banking industries and insurance and security sectors, systemic risk and information uncertainty can generate negative consequences. By developing solutions to address such issues, financial regulation initiatives can be optimized. Value Relevance of Accounting Information in Capital Markets is an essential reference source for the latest scholarly research on the importance of information asymmetries and uncertainties and their effects on the overall regulation of financial industries. Featuring extensive coverage on a wide range of perspectives, such as financial reporting standards, investor confidence, and capital flows, this publication is ideally designed for professionals, accountants, and academics seeking current research on the effects of the underlying elements in investing.

The Value Relevance of International Financial Reporting Standards

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Value Relevance of International Financial Reporting Standards by : Mihaela Ionascu

Download or read book The Value Relevance of International Financial Reporting Standards written by Mihaela Ionascu and published by . This book was released on 2018 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the benefits of global financial reporting models for developing countries, discussing the case of Romania, which, at the recommendations of the World Bank and the International Monetary Fund, exceeded the minimum requirements of the European Union, by imposing the full adoption of the International Financial Reporting Standards (IFRS) in individual financial statements of listed companies. Using regression analysis and decomposition techniques, the paper explores the evolution in value relevance of financial variables based on pre-(2009-2012) and post-(2014-2016) adoption samples, showing that after IFRS adoption financial information becomes significantly more relevant for equity valuations. We also provide empirical evidence showing that the degree of relevance for stock valuation, as well as the IFRS impact varies across types of firms. Overall, our findings tend to indicate the success of the financial reporting reform, which could be relevant for other jurisdictions facing similar decisions.

Global Comparability of Financial Reporting Under IFRS

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Publisher : Springer Nature
ISBN 13 : 3031151569
Total Pages : 137 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Global Comparability of Financial Reporting Under IFRS by : Francesco De Luca

Download or read book Global Comparability of Financial Reporting Under IFRS written by Francesco De Luca and published by Springer Nature. This book was released on 2022-11-14 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: The globalization of financial markets worldwide has progressively pushed toward simultaneous globalization of accounting information. Thus, during the last 50 years, categories of preparers, users, and regulators have devoted their efforts to support the global comparability of financial reporting aiming at favoring the comparison of corporates’ financial performances at a cross-country level. In the same vein, IASB, national standard setters, and jurisdictions have participated in and given momentum to this process. At the same time, academic research has followed this process and tried to build a theoretical framework to address the related issues, to assess the impact on preparers, users, and regulators, while defining hindrances and obstacles to the comparability of financial reporting especially in an IFRS environment. In this context, this book reviews research studies on the comparability of financial reporting at a global level as well as highlights empirical analyses that demonstrate the extent to which global comparability has been achieved, and how it enhances value relevance of earnings across countries. It also looks at the cross-country investors’ perspectives by shaping the empirical analysis to provide further insights on the role of the "Big Four" auditing services in enhancing the comparability of earnings. The book provides an original contribution to the current debate about the comparability of financial reporting under IFRS and will be useful for researchers in the field.

Dividend-based Earnings Management

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Publisher :
ISBN 13 : 9789517020633
Total Pages : 38 pages
Book Rating : 4.0/5 (26 download)

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Book Synopsis Dividend-based Earnings Management by : Eero Kasanen

Download or read book Dividend-based Earnings Management written by Eero Kasanen and published by . This book was released on 1992 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Value Relevance of Earnings and Cash Flows Under International Financial Reporting Standards

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Value Relevance of Earnings and Cash Flows Under International Financial Reporting Standards by : Konstantinos Papadatos

Download or read book The Value Relevance of Earnings and Cash Flows Under International Financial Reporting Standards written by Konstantinos Papadatos and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to investigate the value relevance of earnings and cash flows, after the mandatory adoption of International Financial Reporting Standards (IFRS) in Greece. According to accounting literature, value relevance is defined as the ability of financial information contained in the financial statements to reflect the value of the company, when the latter is based on share prices. The presentation of yearly cross-sectional regressions for the period 2005 to 2010 revealed that cash flows under IFRS do not contain incremental information as compared to the earnings under IFRS, when both cash flows and earnings are included in the same model.

Research, Standard Setting, and Global Financial Reporting

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Publisher : Now Publishers Inc
ISBN 13 : 1601980086
Total Pages : 109 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Research, Standard Setting, and Global Financial Reporting by : Mary E. Barth

Download or read book Research, Standard Setting, and Global Financial Reporting written by Mary E. Barth and published by Now Publishers Inc. This book was released on 2007 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research, Standard Setting, and Global Financial Reporting aids researchers in conducting research relevant to global financial reporting issues, particularly those of interest to financial reporting standard setters. Research, Standard Setting, and Global Financial Reporting describes the relation between research and standard-setting issues; explains how a variety of research designs can be used to address questions motivated by standard-setting issues, including valuation research and event studies; offers examples of research addressing a specific global standard-setting issue - use of fair value in measuring accounting amounts; offers further opportunities for future research on specific standard-setting topics by providing motivating questions relating to the major topics on the agendas of the FASB and IASB; explains how the IASB aims to achieve its mission of developing a single set of high quality accounting standards that are accepted worldwide; summarizes extant evidence on the relative quality of accounting amounts across global standard-setting regimes and whether global financial reporting is achievable or even desirable. Research, Standard Setting, and Global Financial Reporting examines opportunities for future research on issues related to globalization of financial reporting by identifying motivating questions that are potentially avenues for future research.

Value Relevance of Accounting Information

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Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Value Relevance of Accounting Information by : Tamer Elshandidy

Download or read book Value Relevance of Accounting Information written by Tamer Elshandidy and published by . This book was released on 2018 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Without making any distinction of the applicable accounting standards, this paper investigates, firstly, the value relevance of accounting information from 1999 to 2012 in different segments of the Chinese stock market. This investigation includes A-shares, prepared under Chinese Accounting Standards (CAS) for domestic firms; B-shares, prepared under either the International Accounting Standards (IAS) or International Financial Reporting Standards (IFRS) for both domestic and overseas firms; and H-shares prepared under either the IAS or Hong Kong GAAP for Hong Kong and overseas firms. Then, the paper examines whether or not the converged IFRS with CAS, applicable from 2007 onwards, is more value relevant when compared with prior to the 2007's standards (CAS, IAS, Hong Kong GAAP for A-, B-, and H-share markets, respectively). Based on 34,020 firm-year observations and after controlling for industry- and year-fixed effects, the findings suggest that accounting information is value relevant with A- and B-share markets, whilst it is partially relevant with the H-share market. The paper finds that the converged IFRS with CAS is more value relevant in A- and B-shares and it is partially more value relevant with the H-share market. These findings have implications for both policymakers and investors since they provide further empirical evidence for the current policy procedure which harmonizes local GAAP with IFRS.

Accounting in Central and Eastern Europe

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Publisher : Emerald Group Publishing
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Accounting in Central and Eastern Europe by : Catalin Albu

Download or read book Accounting in Central and Eastern Europe written by Catalin Albu and published by Emerald Group Publishing. This book was released on 2013-12-05 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries in Central and Eastern Europe (CEE), most of them former components of the communist bloc, have suffered diverse influences over time. Historically, the advent of communism in the 1950s has stopped the economic and political development of these countries. Its fall during the late 1980s and early 1990s triggered severe changes in the economic and social environment, with profound consequences on the countries' accounting and business models. The accounting regulatory process of these countries has mostly been a public one, although some countries also involved private sector and professional bodies. With economic and political reforms these countries are now reforming their accounting systems with for example the adoption of International Accounting Standards/International Financial Reporting Standards (IFRS). Additionally, the CEE countries' political will to join the European Union compelled the regulators to ensure a high level of harmonization with the European Directives. This volume present theoretical and empirical papers that will further our understanding of accounting issues in CEE countries.

The Effect of International Financial Reporting Standards (IFRS) Adoption on the Value Relevance of Financial Reporting

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Effect of International Financial Reporting Standards (IFRS) Adoption on the Value Relevance of Financial Reporting by : Tatiana Garanina

Download or read book The Effect of International Financial Reporting Standards (IFRS) Adoption on the Value Relevance of Financial Reporting written by Tatiana Garanina and published by . This book was released on 2019 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - The purpose of this study is to empirically examine the influence of International Financial Reporting Standards (IFRS) adoption by Russian public companies on the value relevance of financial reporting in Russia.Design/methodology/approach - We selected 67 Russian public companies that report both under RAS and IFRS for four consecutive years (2006 - 2009). Research limitations - The main limitation of the paper is the sample, but this can be explained by the fact that only 67 companies in Russia report under two standards (RAS and IFRS). So the sample could not be increased as there are no other companies that fulfill the characteristics of the sample.Findings - The obtained results show that on the Russian market there is no evidence of increased value relevance of financial reporting to external users of financial information after adopting IFRS when comparing and evaluating the two regimes (RAS and IFRS) unconditionally. Such results can be explained by the notion of mock compliance which originates due to the institutional differences between the RAS and IFRS development environments.Originality/value - Adoption of IFRS by companies in emerging markets has been a subject of interest for a lot of researchers, but this is the first research of the kind in the field of value relevance of adoption of IFRS on the Russian market.

Compliance with International Financial Reporting Standards (IFRS) and the Value Relevance of Accounting Information in Emerging Stock Markets

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Publisher :
ISBN 13 :
Total Pages : 260 pages
Book Rating : 4.:/5 (945 download)

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Book Synopsis Compliance with International Financial Reporting Standards (IFRS) and the Value Relevance of Accounting Information in Emerging Stock Markets by : Mishari Alfaraih

Download or read book Compliance with International Financial Reporting Standards (IFRS) and the Value Relevance of Accounting Information in Emerging Stock Markets written by Mishari Alfaraih and published by . This book was released on 2009 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Effects of International Financial Reporting Standard (IFRS) on Value Relevance of Accounting Information

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Publisher :
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Effects of International Financial Reporting Standard (IFRS) on Value Relevance of Accounting Information by : Osamwonyi Ohonba

Download or read book Effects of International Financial Reporting Standard (IFRS) on Value Relevance of Accounting Information written by Osamwonyi Ohonba and published by . This book was released on 2019 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: The broad objective of this research was to empirically examine the effect of IFRS on value relevance of accounting information. This study employs a longitudinal panel research design. The population of this study covers all quoted banks listed on the Nigerian Stock Exchange. As at the study period, there were only 15 quoted banks on the Nigerian Stock Exchange and this also forms the sample for the study. Secondary data was been used for this study. The data was retrieved from corporate annual reports of the sampled banks for 2010-2017 financial years. The researcher utilizes only corporate annual reports because they are readily available, accessible and also provides a greater potential for comparability of results. More so, they are produced annually and kept in public sphere. The Ordinary least square regression (OLS) was used for the data analysis. The study findings revealed that while IFRS adoption has a statistically significant influence on Earnings per share and Dividend per share value relevance; it has no statistically significant influence on Book value per share value relevance. The study recommends that investors and indeed users of accounting information should still be confident in relying on accounting information prepared by corporate entities in making investment decisions. The study recommends that there is need for companies to comply fully with all IFRS standards in the preparation of financial reports since IFRS adoption was found to have positive effects on value relevance.

An Investigation of the Value Relevance of Accounting Information, IFRS, Institutional Factors, Culture, and Corporate Governance: International Evidence

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (959 download)

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Book Synopsis An Investigation of the Value Relevance of Accounting Information, IFRS, Institutional Factors, Culture, and Corporate Governance: International Evidence by : Carol Ellis Vann

Download or read book An Investigation of the Value Relevance of Accounting Information, IFRS, Institutional Factors, Culture, and Corporate Governance: International Evidence written by Carol Ellis Vann and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of my dissertation is to investigate whether the use of International Financial Reporting Standards (IFRS) for financial reporting is associated with incremental changes in the value relevance of accounting information and to explore whether cross-country institutional factors or corporate governance mechanisms provide incremental information to explain the firm's stock price (return). I used a price-based valuation model, which shows the association between the market value of equity and accounting earnings (book value), and a returns-based valuation model, which shows the association between returns and earnings levels (changes). In Chapter 2, I investigate whether the use of IFRS is associated with the value relevance of accounting information across sixteen countries using a price (return) sample of 888 (843) firms with 5,180 (4,684) firm-year observations. The results are mixed; in both models, the IFRS dummy is significantly informative, but the interaction terms are not. Next, I examine whether the use of IFRS for financial reporting is related to the country's legal origin, strength of its judicial system, or secrecy of its culture in Chapter 3 using the same samples. The results suggest that the use of IFRS can affect the informativeness of accounting information and that cross-country factors continue to be informative. Chapter 4 investigates whether firm-level corporate governance mechanisms across fourteen countries provide incremental information to the value relevance of the firm's accounting information when IFRS is used for financial reporting using a price (return) sample of 176 (163) firms with 610 (554) firm-years. The corporate governance measure is insignificant in the price model and shows some significance in the return model. Overall, my results confirm prior research regarding the use of IFRS and provide evidence that cross-country differences continue to provide incremental information when IFRS are used for financial reporting. Prior research has examined these factors in different combinations, but, to my knowledge, a study of incremental association of these factors with the value relevance of accounting information and the use of IFRS has not been investigated. My dissertation contributes to the literature in international accounting and offers policy, practical, and educational implications for convergence with IFRS.

Economics and Political Implications of International Financial Reporting Standards

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Publisher : IGI Global
ISBN 13 : 1466698772
Total Pages : 434 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Economics and Political Implications of International Financial Reporting Standards by : Uchenna, Efobi

Download or read book Economics and Political Implications of International Financial Reporting Standards written by Uchenna, Efobi and published by IGI Global. This book was released on 2016-03-08 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Financial Reporting Standards (IFRS) are internationally-recognized financial reporting guidelines regulated by the International Accounting Standards Board (IASB) to ensure that uniformity exists in the global financial system. In addition to regulating financial reporting, the adoption of IRFS has been shown to impact the flow of foreign capital and trade. Economics and Political Implications of International Financial Reporting Standards focuses on the consequences and determinants of the adoption of the International Financial Reporting Standard (IFRS), which has remained a top issue in International Accounting. This timely publication brings to the forefront issues related to the political and economic influences and impacts of IFRS in addition to providing a platform for further research in this area. Policy makers, academics, researchers, graduate-level students, and professionals across the fields of management, economics, finance, international relations, and political science will find this publication pertinent to furthering their understanding of financial reporting at the global level.

Adoption of IFRS in the Netherlands. Impact on value relevance

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Publisher : GRIN Verlag
ISBN 13 : 3656605963
Total Pages : 52 pages
Book Rating : 4.6/5 (566 download)

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Book Synopsis Adoption of IFRS in the Netherlands. Impact on value relevance by : Alfred Mully

Download or read book Adoption of IFRS in the Netherlands. Impact on value relevance written by Alfred Mully and published by GRIN Verlag. This book was released on 2014-03-03 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Masterarbeit aus dem Jahr 2007 im Fachbereich BWL - Bank, Börse, Versicherung, , Sprache: Deutsch, Abstract: Listed Dutch firms are required by law to prepare their financial statements in accordance with the International financial Statements (IFRS) since 2005. Before 2005, listed Dutch firms prepared their financial statements using Dutch law, Title 9 of book two of the Dutch Civil Code. It is interesting to investigate the effect of the implementation of IFRS. Is the quality of the financial statements improved by the implementation of IFRS for the users of the financial statements, such as investors, suppliers and banks? This question can be answered in many ways, looking at different characteristics of the accounting information, for example the comparability, the relevance, the reliability and the understandability. In this thesis the relevance will be studied. Information has the quality of relevance when it influences the economic decisions of users by helping them evaluate past, present or future events or conforming, or correcting, their past evaluations. (IFRS Handbook, 2007, p. 40) In order to be relevant the accounting information must reflect the information needs of the users in valuing a company. In order to determine the market price of a company, investors need accounting information that reflects the share price of a company. The research done studying the relevance of accounting information for valuating companies is called value-relevance research. The implementation of IFRS had consequences for the value-relevance of the accounting information. Whether the value-relevance had improved by the adoption of IFRS is dependent on the differences between the former accounting system and IFRS. The impact on value relevance in the Netherlands has not been studied yet. The impact on value-relevance in other countries has been studied however, for example in the United Kingdom (Harris and Muller, 1999), Germany (Hung and Subramanyam, 2007) and Spain Callao et al. (2007). These studies can give a powerful insight in how the difference in value-relevance of two accounting systems can be studied.

The Value Relevance of Accounting Information in the UK, the Netherlands, Germany and France

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis The Value Relevance of Accounting Information in the UK, the Netherlands, Germany and France by : George S. Kontopoulos

Download or read book The Value Relevance of Accounting Information in the UK, the Netherlands, Germany and France written by George S. Kontopoulos and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: