The impact of IFRS adoption on value relevance of earnings and book value of equity: the case of emerging markets in African and Asian regions

被引：23
|
作者：
Chebaane, Sawcen [1 ]
Ben Othman, Hakim [1 ]
机构：
[1] Tunis Business Sch, LIGUE ISCAE, El Mourouj 2074, Tunisia
来源：
INTERNATIONAL CONFERENCE ON CORPORATE GOVERNANCE & STRATEGIC MANAGEMENT (ICGSM) 2014 | 2014年 / 145卷
关键词：
Value relevance; Earnings per share; Book value of equity; IFRS; INTERNATIONAL ACCOUNTING STANDARDS; FINANCIAL-STATEMENTS;
D O I：
10.1016/j.sbspro.2014.06.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of this study is to examine the effect of mandatory adoption of International Financial Reporting Standards on the value relevance of earnings and the book value of equity. The evidence derived from the study suggested that despite the strength in the overall explanatory power of the model during the two periods, the role of EPS became observable in the post-adoption period. By conducting further analysis, the results highlighted that the increase of the value level are positively influenced by a common law legal system, a high level of external economic openness, a strong investor protection, a full protection of minority shareholders and by a sophisticated capital market. (C) 2014 Published by Elsevier Ltd.
引用
收藏
页码：70 / 80
页数：11
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