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Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim

Recent empirical work suggested that the ability of accounting numbers to explain the relationship between accounting numbers and stock prices over the past four decade [Collins, Maydew and Weiss [1997]; Francis and Schipper [1999]; and Lev and Zarowin [1999]] has deteriorated. This provide the key...

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Main Author: Ibrahim, Muliati Aba
Format: Thesis
Language:English
Published: 2004
Subjects:
H Social Sciences (General)
HF Commerce
Accounting. Bookkeeping
Online Access:https://ir.uitm.edu.my/id/eprint/75975/1/75975.pdf
https://ir.uitm.edu.my/id/eprint/75975/
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spelling my.uitm.ir.759752023-04-04T03:39:14Z https://ir.uitm.edu.my/id/eprint/75975/ Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim Ibrahim, Muliati Aba H Social Sciences (General) HF Commerce Accounting. Bookkeeping Recent empirical work suggested that the ability of accounting numbers to explain the relationship between accounting numbers and stock prices over the past four decade [Collins, Maydew and Weiss [1997]; Francis and Schipper [1999]; and Lev and Zarowin [1999]] has deteriorated. This provide the key motivation for this study to examine the relationship between accounting numbers and stock price in the Malaysian emerging capital market which is useful for firm valuation. The findings of this study suggest that the accounting earnings and book value are capturing most of the information that is relevant to assess the values of firms and at the same time, it also suggests a decline in their value relevance after the financial crisis period. The results also suggest that accounting earnings and book value as well as non-accounting beta are more valued during the financial crisis period as compared to the after-effect of the financial crisis period. Overall, the accounting estimate of the value of the firm is not deviating from the markets’ estimate, which indicates that accounting numbers continues to play the central role in the determination of stock prices. 2004 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/75975/1/75975.pdf Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim. (2004) Masters thesis, thesis, Universiti Teknologi MARA Cawangan Sarawak.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic H Social Sciences (General)
HF Commerce
Accounting. Bookkeeping
spellingShingle H Social Sciences (General)
HF Commerce
Accounting. Bookkeeping
Ibrahim, Muliati Aba
Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim
description Recent empirical work suggested that the ability of accounting numbers to explain the relationship between accounting numbers and stock prices over the past four decade [Collins, Maydew and Weiss [1997]; Francis and Schipper [1999]; and Lev and Zarowin [1999]] has deteriorated. This provide the key motivation for this study to examine the relationship between accounting numbers and stock price in the Malaysian emerging capital market which is useful for firm valuation. The findings of this study suggest that the accounting earnings and book value are capturing most of the information that is relevant to assess the values of firms and at the same time, it also suggests a decline in their value relevance after the financial crisis period. The results also suggest that accounting earnings and book value as well as non-accounting beta are more valued during the financial crisis period as compared to the after-effect of the financial crisis period. Overall, the accounting estimate of the value of the firm is not deviating from the markets’ estimate, which indicates that accounting numbers continues to play the central role in the determination of stock prices.
format Thesis
author Ibrahim, Muliati Aba
author_facet Ibrahim, Muliati Aba
author_sort Ibrahim, Muliati Aba
title Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim
title_short Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim
title_full Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim
title_fullStr Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim
title_full_unstemmed Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim
title_sort value relevance of accounting numbers for valuation / muliati aba ibrahim
publishDate 2004
url https://ir.uitm.edu.my/id/eprint/75975/1/75975.pdf
https://ir.uitm.edu.my/id/eprint/75975/
_version_ 1762396107383504896
score 13.211869

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