The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange

The paper aims at investigating the impact of IFRS on the value relevance of fundamental accounting data announced by banks listed on the Warsaw Stock Exchange over the period 1998–2012. Given the specificity of banking sector, the analyses were based on the Ohlson residual income valuation model....

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Main Author: Piotr Bolibok
Format: Article
Language:English
Published: Nicolaus Copernicus University in Toruń 2014-04-01
Series:Copernican Journal of Finance & Accounting
Subjects:
Online Access:https://apcz.umk.pl/CJFA/article/view/3260
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author Piotr Bolibok
author_facet Piotr Bolibok
author_sort Piotr Bolibok
collection DOAJ
description The paper aims at investigating the impact of IFRS on the value relevance of fundamental accounting data announced by banks listed on the Warsaw Stock Exchange over the period 1998–2012. Given the specificity of banking sector, the analyses were based on the Ohlson residual income valuation model. The empirical evidence indicates that observed increase in the value relevance of both book values of equity and residual incomes of banks after introduction of IFRS is statistically insignificant. The obtained results are, therefore, consistent with the findings of previous research conducted on non-financial enterprises in the context of Polish capital market.
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spelling doaj.art-c4cbbb3d83e441b0bcacfb3141806f472023-09-03T03:09:16ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652014-04-0131The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock ExchangePiotr Bolibok The paper aims at investigating the impact of IFRS on the value relevance of fundamental accounting data announced by banks listed on the Warsaw Stock Exchange over the period 1998–2012. Given the specificity of banking sector, the analyses were based on the Ohlson residual income valuation model. The empirical evidence indicates that observed increase in the value relevance of both book values of equity and residual incomes of banks after introduction of IFRS is statistically insignificant. The obtained results are, therefore, consistent with the findings of previous research conducted on non-financial enterprises in the context of Polish capital market. https://apcz.umk.pl/CJFA/article/view/3260banksvalue relevanceaccounting standards
spellingShingle Piotr Bolibok
The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
Copernican Journal of Finance & Accounting
banks
value relevance
accounting standards
title The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
title_full The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
title_fullStr The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
title_full_unstemmed The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
title_short The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
title_sort impact of ifrs on the value relevance of accounting data of banks listed on the warsaw stock exchange
topic banks
value relevance
accounting standards
url https://apcz.umk.pl/CJFA/article/view/3260
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