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
Online Access:	https://ir.uitm.edu.my/id/eprint/75975/1/75975.pdf
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id	my-uitm-ir.75975
record_format	uketd_dc
spelling	my-uitm-ir.759752023-04-04T03:39:14Z Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim 2004 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 https://ir.uitm.edu.my/id/eprint/75975/ https://ir.uitm.edu.my/id/eprint/75975/1/75975.pdf text en public masters Universiti Teknologi MARA Cawangan Sarawak Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
topic	H Social Sciences (General) HF Commerce H Social Sciences (General)
spellingShingle	H Social Sciences (General) HF Commerce H Social Sciences (General) 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
qualification_level	Master's degree
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
granting_institution	Universiti Teknologi MARA Cawangan Sarawak
granting_department	Faculty of Accountancy
publishDate	2004
url	https://ir.uitm.edu.my/id/eprint/75975/1/75975.pdf
_version_	1783736092270264320

Value relevance of accounting numbers for valuation / Muliati Aba Ibrahim

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