IFRS convergence and earnings forecasts: Malaysian IPO companies

The study sheds light on the Malaysian initial public offering (IPO) management earnings forecasts by examining the effect of International Financial Reporting Standards (IFRS) convergence and the forecast errors. It examines whether the convergence of IFRS is a credible signal of improved quality o...

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Main Author:	Zulaikha Rabitah, Zaidi
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HF5601-5689 Accounting
Online Access:	https://etd.uum.edu.my/4070/1/s811131.pdf https://etd.uum.edu.my/4070/2/s811131_abstract.pdf
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id	my-uum-etd.4070
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Ahmad Zaluki, Nurwati Ashikkin
topic	HF5601-5689 Accounting
spellingShingle	HF5601-5689 Accounting Zulaikha Rabitah, Zaidi IFRS convergence and earnings forecasts: Malaysian IPO companies
description	The study sheds light on the Malaysian initial public offering (IPO) management earnings forecasts by examining the effect of International Financial Reporting Standards (IFRS) convergence and the forecast errors. It examines whether the convergence of IFRS is a credible signal of improved quality of financial information. Besides, the study also investigates the other factors that influence the forecast errors of the earnings forecasts. A sample of 98 IPO companies that went public during the period 2004-2007 is used. The time frame of this study includes the years 2004 to 2005 (i.e., pre-IFRS convergence) and years 2006 to 2007 (i.e., post-IFRS convergence). Forecast errors as a dependent variable is used to proxy the earnings forecast error and to represent financial disclosure quality. By examining the forecast errors in two different periods (i.e., pre-IFRS convergence & post-IFRS convergence), the study finds that the forecast errors has increased under the post-IFRS convergence. In addition, the findings reveal the size of the company is significantly negative with the forecast errors. This study has implications on the disclosure regulations of earnings forecasts in the prospectuses in Malaysia and provides evidence regarding disclosure of the earnings forecasts being changed from mandatory to voluntary in Malaysia.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Zulaikha Rabitah, Zaidi
author_facet	Zulaikha Rabitah, Zaidi
author_sort	Zulaikha Rabitah, Zaidi
title	IFRS convergence and earnings forecasts: Malaysian IPO companies
title_short	IFRS convergence and earnings forecasts: Malaysian IPO companies
title_full	IFRS convergence and earnings forecasts: Malaysian IPO companies
title_fullStr	IFRS convergence and earnings forecasts: Malaysian IPO companies
title_full_unstemmed	IFRS convergence and earnings forecasts: Malaysian IPO companies
title_sort	ifrs convergence and earnings forecasts: malaysian ipo companies
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4070/1/s811131.pdf https://etd.uum.edu.my/4070/2/s811131_abstract.pdf
_version_	1747827674732036096
spelling	my-uum-etd.40702022-06-09T01:01:50Z IFRS convergence and earnings forecasts: Malaysian IPO companies 2014 Zulaikha Rabitah, Zaidi Ahmad Zaluki, Nurwati Ashikkin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting The study sheds light on the Malaysian initial public offering (IPO) management earnings forecasts by examining the effect of International Financial Reporting Standards (IFRS) convergence and the forecast errors. It examines whether the convergence of IFRS is a credible signal of improved quality of financial information. Besides, the study also investigates the other factors that influence the forecast errors of the earnings forecasts. A sample of 98 IPO companies that went public during the period 2004-2007 is used. The time frame of this study includes the years 2004 to 2005 (i.e., pre-IFRS convergence) and years 2006 to 2007 (i.e., post-IFRS convergence). Forecast errors as a dependent variable is used to proxy the earnings forecast error and to represent financial disclosure quality. By examining the forecast errors in two different periods (i.e., pre-IFRS convergence & post-IFRS convergence), the study finds that the forecast errors has increased under the post-IFRS convergence. In addition, the findings reveal the size of the company is significantly negative with the forecast errors. This study has implications on the disclosure regulations of earnings forecasts in the prospectuses in Malaysia and provides evidence regarding disclosure of the earnings forecasts being changed from mandatory to voluntary in Malaysia. 2014 Thesis https://etd.uum.edu.my/4070/ https://etd.uum.edu.my/4070/1/s811131.pdf text eng public https://etd.uum.edu.my/4070/2/s811131_abstract.pdf text eng public masters masters Universiti Utara Malaysia Ahmad-Zaluki, N.A., Campbell, K. and Goodacre, A. 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IFRS convergence and earnings forecasts: Malaysian IPO companies

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