Value Relevance of Accounting Information in the United Arab Emirates
This paper examines the value relevance of accounting information in per and post-periods of International Financial Reporting Standards implementation using the regression and portfolio approaches for sample of the UAE companies. The results obtained from a combination of regression and portfolio...
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| Format: | Article |
| Language: | English |
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EconJournals
2011-06-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/21 |
| _version_ | 1797911461874368512 |
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| author | Jamal Barzegari Khanagha |
| author_facet | Jamal Barzegari Khanagha |
| author_sort | Jamal Barzegari Khanagha |
| collection | DOAJ |
| description |
This paper examines the value relevance of accounting information in per and post-periods of International Financial Reporting Standards implementation using the regression and portfolio approaches for sample of the UAE companies. The results obtained from a combination of regression and portfolio approaches, show accounting information is value relevant in UAE stock market. A comparison of the results for the periods before and after adoption, 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 following to IFRS in UAE didn’t improve value relevancy of accounting information. However, results based on and portfolio approach shows that cash flows’ incremental information content increased for the post-IFRS period.
Keywords: Value Relevance, IFRS, Accounting Information, UAE
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| first_indexed | 2024-04-10T11:41:02Z |
| format | Article |
| id | doaj.art-a209bb913488406e91e70fcd585a642e |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T11:41:02Z |
| publishDate | 2011-06-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-a209bb913488406e91e70fcd585a642e2023-02-15T16:17:32ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382011-06-0112Value Relevance of Accounting Information in the United Arab EmiratesJamal Barzegari Khanagha This paper examines the value relevance of accounting information in per and post-periods of International Financial Reporting Standards implementation using the regression and portfolio approaches for sample of the UAE companies. The results obtained from a combination of regression and portfolio approaches, show accounting information is value relevant in UAE stock market. A comparison of the results for the periods before and after adoption, 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 following to IFRS in UAE didn’t improve value relevancy of accounting information. However, results based on and portfolio approach shows that cash flows’ incremental information content increased for the post-IFRS period. Keywords: Value Relevance, IFRS, Accounting Information, UAE https://econjournals.com/index.php/ijefi/article/view/21 |
| spellingShingle | Jamal Barzegari Khanagha Value Relevance of Accounting Information in the United Arab Emirates International Journal of Economics and Financial Issues |
| title | Value Relevance of Accounting Information in the United Arab Emirates |
| title_full | Value Relevance of Accounting Information in the United Arab Emirates |
| title_fullStr | Value Relevance of Accounting Information in the United Arab Emirates |
| title_full_unstemmed | Value Relevance of Accounting Information in the United Arab Emirates |
| title_short | Value Relevance of Accounting Information in the United Arab Emirates |
| title_sort | value relevance of accounting information in the united arab emirates |
| url | https://econjournals.com/index.php/ijefi/article/view/21 |
| work_keys_str_mv | AT jamalbarzegarikhanagha valuerelevanceofaccountinginformationintheunitedarabemirates |