The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam

This study is conducted to examine the value relevance of fair value for financial assets upon the adoption of FRS 139 Financial instruments on recognition and measurement in Malaysia. Previously, information relating to financial instruments only needs to be disclosed in the notes to the financial...

Full description

Saved in:

Bibliographic Details
Main Author:	Tuan Azam, Syed Khusairi
Format:	Thesis
Language:	English
Published:	2013
Online Access:	https://ir.uitm.edu.my/id/eprint/16464/1/TM_SYED%20KHUSAIRI%20TUAN%20AZAM%20AC%2013_5.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uitm-ir.16464
record_format	uketd_dc
spelling	my-uitm-ir.164642022-04-13T00:56:10Z The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam 2013-08 Tuan Azam, Syed Khusairi This study is conducted to examine the value relevance of fair value for financial assets upon the adoption of FRS 139 Financial instruments on recognition and measurement in Malaysia. Previously, information relating to financial instruments only needs to be disclosed in the notes to the financial statements. Upon the adoption of FRS 139, the financial instruments need to be recognised in the statement of financial position. The sample for this study consists of top 200 companies listed on Bursa Malaysia and information relating to financial assets in year 2010 and 2011 was extracted from the annual report. This study finds the recognition of fair value for financial instrument is value relevance in year 2011 but not in year 2010. In addition, this study also provides evidence that show the corporate governance mechanism does influence the value relevance of fair value for financial assets. The increase in audit committee meeting shows significant negative association for value relevance of fair value financial instrument in year 2011 but not in year 2010. Meanwhile, the result for size of audit engagement was negatively significant in both years. However, the present study finds no evidence that show significant association between board independence and measurement of fair value financial assets. 2013-08 Thesis https://ir.uitm.edu.my/id/eprint/16464/ https://ir.uitm.edu.my/id/eprint/16464/1/TM_SYED%20KHUSAIRI%20TUAN%20AZAM%20AC%2013_5.pdf text en public mphil masters Universiti Teknologi MARA Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
description	This study is conducted to examine the value relevance of fair value for financial assets upon the adoption of FRS 139 Financial instruments on recognition and measurement in Malaysia. Previously, information relating to financial instruments only needs to be disclosed in the notes to the financial statements. Upon the adoption of FRS 139, the financial instruments need to be recognised in the statement of financial position. The sample for this study consists of top 200 companies listed on Bursa Malaysia and information relating to financial assets in year 2010 and 2011 was extracted from the annual report. This study finds the recognition of fair value for financial instrument is value relevance in year 2011 but not in year 2010. In addition, this study also provides evidence that show the corporate governance mechanism does influence the value relevance of fair value for financial assets. The increase in audit committee meeting shows significant negative association for value relevance of fair value financial instrument in year 2011 but not in year 2010. Meanwhile, the result for size of audit engagement was negatively significant in both years. However, the present study finds no evidence that show significant association between board independence and measurement of fair value financial assets.
format	Thesis
qualification_name	Master of Philosophy (M.Phil.)
qualification_level	Master's degree
author	Tuan Azam, Syed Khusairi
spellingShingle	Tuan Azam, Syed Khusairi The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam
author_facet	Tuan Azam, Syed Khusairi
author_sort	Tuan Azam, Syed Khusairi
title	The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam
title_short	The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam
title_full	The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam
title_fullStr	The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam
title_full_unstemmed	The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam
title_sort	value relevance of financial instruments and the impact of corporate governance mechanisms / syed khusairi tuan azam
granting_institution	Universiti Teknologi MARA
granting_department	Faculty of Accountancy
publishDate	2013
url	https://ir.uitm.edu.my/id/eprint/16464/1/TM_SYED%20KHUSAIRI%20TUAN%20AZAM%20AC%2013_5.pdf
_version_	1783733533945102336

The value relevance of financial instruments and the impact of corporate governance mechanisms / Syed Khusairi Tuan Azam

Similar Items