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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Format: | Article |
Language: | English |
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Nicolaus Copernicus University in Toruń
2014-04-01
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Series: | Copernican Journal of Finance & Accounting |
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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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first_indexed | 2024-03-12T06:10:02Z |
format | Article |
id | doaj.art-c4cbbb3d83e441b0bcacfb3141806f47 |
institution | Directory Open Access Journal |
issn | 2300-1240 2300-3065 |
language | English |
last_indexed | 2024-03-12T06:10:02Z |
publishDate | 2014-04-01 |
publisher | Nicolaus Copernicus University in Toruń |
record_format | Article |
series | Copernican Journal of Finance & Accounting |
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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