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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 project paper is to examine the relationships between earnings per share(EPS) and book value per share (BVPS) and stock market prices under both preand post-FRS reporting regimes. Value relevance to both EPS and BVPS were separately tested under both financial reporting mechanisms by the price-e...

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Main Author: Leong, Chee Hoong
Format: Thesis
Language:English
English
Published: 2011
Subjects:
HG Finance
Online Access:http://etd.uum.edu.my/3116/1/LEONG_CHEE_HOONG.pdf
http://etd.uum.edu.my/3116/2/1.LEONG_CHEE_HOONG.pdf
http://etd.uum.edu.my/3116/
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spelling my.uum.etd.31162016-04-19T01:30:45Z http://etd.uum.edu.my/3116/ 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 Leong, Chee Hoong HG Finance The project paper is to examine the relationships between earnings per share(EPS) and book value per share (BVPS) and stock market prices under both preand post-FRS reporting regimes. Value relevance to both EPS and BVPS were separately tested under both financial reporting mechanisms by the price-earnings model. This study finds that positive relationships between value relevance of earnings and both EPS and BVPS,however,is in declining when adopting newly mandated FRS system by Malaysian companies. Coefficient of BVPS is positively increasing over two reporting periods, whereas vice versa for EPS attributable to equity investors are more desirable to measure balance sheet than income statement items. In addition, distinct of value relevance of earnings appears in companies operate in different operation structures or business models because of their business activities deficiencies. Relationships between value relevance of earnings and EPS and BVPS are declining over three consecutive years since FRS reporting regime is adopted, from 2006-2008.The coefficient between EPS and stock market prices is consistently dropping over these three reporting periods, and inversely, coefficient between BVPS and value relevance of earnings is inclining. Thus, this present study concluded that FRS reporting regime is increasingly important in the determination for BVPS (representing balance sheet items) than EPS (representing income statement items) for the investment decision. 2011-12 Thesis NonPeerReviewed application/pdf en http://etd.uum.edu.my/3116/1/LEONG_CHEE_HOONG.pdf application/pdf en http://etd.uum.edu.my/3116/2/1.LEONG_CHEE_HOONG.pdf Leong, Chee Hoong (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. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HG Finance
spellingShingle HG Finance
Leong, Chee Hoong
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
description The project paper is to examine the relationships between earnings per share(EPS) and book value per share (BVPS) and stock market prices under both preand post-FRS reporting regimes. Value relevance to both EPS and BVPS were separately tested under both financial reporting mechanisms by the price-earnings model. This study finds that positive relationships between value relevance of earnings and both EPS and BVPS,however,is in declining when adopting newly mandated FRS system by Malaysian companies. Coefficient of BVPS is positively increasing over two reporting periods, whereas vice versa for EPS attributable to equity investors are more desirable to measure balance sheet than income statement items. In addition, distinct of value relevance of earnings appears in companies operate in different operation structures or business models because of their business activities deficiencies. Relationships between value relevance of earnings and EPS and BVPS are declining over three consecutive years since FRS reporting regime is adopted, from 2006-2008.The coefficient between EPS and stock market prices is consistently dropping over these three reporting periods, and inversely, coefficient between BVPS and value relevance of earnings is inclining. Thus, this present study concluded that FRS reporting regime is increasingly important in the determination for BVPS (representing balance sheet items) than EPS (representing income statement items) for the investment decision.
format Thesis
author Leong, Chee Hoong
author_facet Leong, Chee Hoong
author_sort Leong, Chee Hoong
title 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
title_short 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
title_full 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
title_fullStr 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
title_full_unstemmed 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
title_sort relationships between earnings per share(eps), book value per share (bvps) and stock prices under both pre- and post-frs reporting regimes in malaysia
publishDate 2011
url http://etd.uum.edu.my/3116/1/LEONG_CHEE_HOONG.pdf
http://etd.uum.edu.my/3116/2/1.LEONG_CHEE_HOONG.pdf
http://etd.uum.edu.my/3116/
_version_ 1644276880366370816
score 13.211869

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