Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]
We examine the value-relevance of accounting numbers in the balance sheet to investors. Specifically, we investigate the association between purchased goodwill and the value placed on the firm by the stock market. An equity valuation model based on the modified balance sheet identity is used to perm...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Faculty of Accountancy & Accounting Research Institute (ARI)
2003
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/13682/1/AJ_MUHD%20KAMIL%20IBRAHIM%20MAR%2003.pdf |
| _version_ | 1796899872966705152 |
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| author | Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha |
| author_facet | Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha |
| author_sort | Ibrahim, Muhd Kamil |
| collection | UITM |
| description | We examine the value-relevance of accounting numbers in the balance sheet to investors. Specifically, we investigate the association between purchased goodwill and the value placed on the firm by the stock market. An equity valuation model based on the modified balance sheet identity is used to permit purchased goodwill, other assets and liabilities to have separate empirical coefficient values. This study finds evidence consistent with the notion that be market incorporates the information on purchased goodwill in the valuation of a firm and results also show that the market seems to perceive purchased goodwill at least with a value equal to other assets. Several empirical extensions are explored to examine whether the basic finding can be made more robust. |
| first_indexed | 2024-03-06T01:27:21Z |
| format | Article |
| id | oai:ir.uitm.edu.my:13682 |
| institution | Universiti Teknologi MARA |
| language | English |
| last_indexed | 2024-03-06T01:27:21Z |
| publishDate | 2003 |
| publisher | Faculty of Accountancy & Accounting Research Institute (ARI) |
| record_format | dspace |
| spelling | oai:ir.uitm.edu.my:136822016-07-21T07:42:18Z https://ir.uitm.edu.my/id/eprint/13682/ Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] mar Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha Managerial accounting Balance sheet. Financial statements. Corporation reports. Including pro forma statements We examine the value-relevance of accounting numbers in the balance sheet to investors. Specifically, we investigate the association between purchased goodwill and the value placed on the firm by the stock market. An equity valuation model based on the modified balance sheet identity is used to permit purchased goodwill, other assets and liabilities to have separate empirical coefficient values. This study finds evidence consistent with the notion that be market incorporates the information on purchased goodwill in the valuation of a firm and results also show that the market seems to perceive purchased goodwill at least with a value equal to other assets. Several empirical extensions are explored to examine whether the basic finding can be made more robust. Faculty of Accountancy & Accounting Research Institute (ARI) 2003 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/13682/1/AJ_MUHD%20KAMIL%20IBRAHIM%20MAR%2003.pdf Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]. (2003) Malaysian Accounting Review <https://ir.uitm.edu.my/view/publication/Malaysian_Accounting_Review/>, 2 (1). pp. 106-123. ISSN 1675-4077 https://mar.uitm.edu.my/ |
| spellingShingle | Managerial accounting Balance sheet. Financial statements. Corporation reports. Including pro forma statements Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] |
| title | Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] |
| title_full | Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] |
| title_fullStr | Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] |
| title_full_unstemmed | Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] |
| title_short | Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] |
| title_sort | value relevance of accounting numbers an empirical investigation of purchased goodwill muhd kamil ibrahim et al |
| topic | Managerial accounting Balance sheet. Financial statements. Corporation reports. Including pro forma statements |
| url | https://ir.uitm.edu.my/id/eprint/13682/1/AJ_MUHD%20KAMIL%20IBRAHIM%20MAR%2003.pdf |
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