The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia

Malaysia began to converge its local standards to IFRS since 2004 but had deferred the adoption of FRS139 to the year 2010 due to its complexity and rulebased requirement. FRS139 requires all public listed companies to recognize and measure financial instruments at fair value. Since financial instr...

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Main Author:	Gan, Chin Yee
Format:	Thesis
Published:	2013
Subjects:	HG Finance
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id	my-mmu-ep.5883
record_format	uketd_dc
spelling	my-mmu-ep.58832014-12-24T03:54:23Z The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia 2013-12 Gan, Chin Yee HG Finance Malaysia began to converge its local standards to IFRS since 2004 but had deferred the adoption of FRS139 to the year 2010 due to its complexity and rulebased requirement. FRS139 requires all public listed companies to recognize and measure financial instruments at fair value. Since financial instruments cover a wide scope, FRS139 adoption will have significant impacts on financial statements. With Malaysia having made FRS139 effective since 2010, the effect of FRS139 adoption is unclear, and its relevancy in providing reliable and accurate accounting information for investors to formulate sound investment strategies remains uncertain. Hence, this study focuses on the effects of FRS139 adoption by seeking significant differences between key financial ratios and the value relevance of financial reporting, under the two different reporting regimes (pre- and post—FRS139) at the same fiscal period. The samples used in this study comprise top 100 non-financial public listed companies in Malaysia during FRS139 transition year. 2013-12 Thesis http://shdl.mmu.edu.my/5883/ http://library.mmu.edu.my/diglib/onlinedb/dig_lib.php masters Multimedia University Faculty of Business
institution	Multimedia University
collection	MMU Institutional Repository
topic	HG Finance
spellingShingle	HG Finance Gan, Chin Yee The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia
description	Malaysia began to converge its local standards to IFRS since 2004 but had deferred the adoption of FRS139 to the year 2010 due to its complexity and rulebased requirement. FRS139 requires all public listed companies to recognize and measure financial instruments at fair value. Since financial instruments cover a wide scope, FRS139 adoption will have significant impacts on financial statements. With Malaysia having made FRS139 effective since 2010, the effect of FRS139 adoption is unclear, and its relevancy in providing reliable and accurate accounting information for investors to formulate sound investment strategies remains uncertain. Hence, this study focuses on the effects of FRS139 adoption by seeking significant differences between key financial ratios and the value relevance of financial reporting, under the two different reporting regimes (pre- and post—FRS139) at the same fiscal period. The samples used in this study comprise top 100 non-financial public listed companies in Malaysia during FRS139 transition year.
format	Thesis
qualification_level	Master's degree
author	Gan, Chin Yee
author_facet	Gan, Chin Yee
author_sort	Gan, Chin Yee
title	The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia
title_short	The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia
title_full	The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia
title_fullStr	The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia
title_full_unstemmed	The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia
title_sort	effects of frs139 adoption on the performance and value relevance of non-financial public listed companies in malaysia
granting_institution	Multimedia University
granting_department	Faculty of Business
publishDate	2013
_version_	1747829595047985152

The effects of FRS139 adoption on the performance and value relevance of non-financial public listed companies in Malaysia

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