The impact of reforms on the value relevance of accounting information: evidence from Iran
This paper examines the value relevance of accounting information in Iran for the period 1996 - 2008, before and after the codification of national accounting standard in 2001, which could describe the effect of codification of the first national accounting standards by The Iranian Association of Ce...
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| Format: | Article |
| Language: | en |
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Academic Journals
2011
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22849/1/22849.pdf http://psasir.upm.edu.my/id/eprint/22849/ http://www.academicjournals.org/journal/AJBM/article-abstract/196D81015649 |
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| author | Khanagha, Jamal Barzegari Ramadilli Mohd, Shamsher Mohamad Hassan, Taufiq Muhamad Sori, Zulkarnain |
| author_facet | Khanagha, Jamal Barzegari Ramadilli Mohd, Shamsher Mohamad Hassan, Taufiq Muhamad Sori, Zulkarnain |
| author_sort | Khanagha, Jamal Barzegari |
| building | UPM Library |
| collection | Institutional Repository |
| content_provider | Universiti Putra Malaysia |
| content_source | UPM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This paper examines the value relevance of accounting information in Iran for the period 1996 - 2008, before and after the codification of national accounting standard in 2001, which could describe the effect of codification of the first national accounting standards by The Iranian Association of Certified Public Accountants. The results obtained from a combination of regression and portfolio approaches, show accounting information in Iran is value relevant and value relevance of Earnings Per Share (EPS) is higher than book value of equity per share (BVP). Moreover, a comparison of the results for the periods before and after reform, based on both regression and portfolio approaches, shows a decline in value relevance of accounting information after the reform in accounting standards. It could be interpreted to mean that codification of the first national accounting standards did not improve relevancy of accounting numbers in the Tehran stock exchange. |
| format | Article |
| id | my.upm.eprints-22849 |
| institution | Universiti Putra Malaysia |
| language | en |
| publishDate | 2011 |
| publisher | Academic Journals |
| record_format | eprints |
| spelling | my.upm.eprints-228492017-11-16T03:08:15Z http://psasir.upm.edu.my/id/eprint/22849/ The impact of reforms on the value relevance of accounting information: evidence from Iran Khanagha, Jamal Barzegari Ramadilli Mohd, Shamsher Mohamad Hassan, Taufiq Muhamad Sori, Zulkarnain This paper examines the value relevance of accounting information in Iran for the period 1996 - 2008, before and after the codification of national accounting standard in 2001, which could describe the effect of codification of the first national accounting standards by The Iranian Association of Certified Public Accountants. The results obtained from a combination of regression and portfolio approaches, show accounting information in Iran is value relevant and value relevance of Earnings Per Share (EPS) is higher than book value of equity per share (BVP). Moreover, a comparison of the results for the periods before and after reform, based on both regression and portfolio approaches, shows a decline in value relevance of accounting information after the reform in accounting standards. It could be interpreted to mean that codification of the first national accounting standards did not improve relevancy of accounting numbers in the Tehran stock exchange. Academic Journals 2011-01 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/22849/1/22849.pdf Khanagha, Jamal Barzegari and Ramadilli Mohd, Shamsher Mohamad and Hassan, Taufiq and Muhamad Sori, Zulkarnain (2011) The impact of reforms on the value relevance of accounting information: evidence from Iran. African Journal of Business Management, 5 (1). art. no. 196D81015649. pp. 96-107. ISSN 1993-8233 http://www.academicjournals.org/journal/AJBM/article-abstract/196D81015649 10.5897/AJBM10.780 |
| spellingShingle | Khanagha, Jamal Barzegari Ramadilli Mohd, Shamsher Mohamad Hassan, Taufiq Muhamad Sori, Zulkarnain The impact of reforms on the value relevance of accounting information: evidence from Iran |
| title | The impact of reforms on the value relevance of accounting information: evidence from Iran |
| title_full | The impact of reforms on the value relevance of accounting information: evidence from Iran |
| title_fullStr | The impact of reforms on the value relevance of accounting information: evidence from Iran |
| title_full_unstemmed | The impact of reforms on the value relevance of accounting information: evidence from Iran |
| title_short | The impact of reforms on the value relevance of accounting information: evidence from Iran |
| title_sort | impact of reforms on the value relevance of accounting information: evidence from iran |
| url | http://psasir.upm.edu.my/id/eprint/22849/1/22849.pdf http://psasir.upm.edu.my/id/eprint/22849/ http://www.academicjournals.org/journal/AJBM/article-abstract/196D81015649 |
| url_provider | http://psasir.upm.edu.my/ |