Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income
Value relevance studies have thus far provided mixed evidence.Studies also found that fair value reporting has a significant impact on the value relevance of other comprehensive income. Additionally, most studies on value relevance of other comprehensive income focused on developed countries where t...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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2017
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| Online Access: | https://repo.uum.edu.my/id/eprint/21002/1/shsconf_four2017%201%206%20vv.pdf |
| _version_ | 1825804479227756544 |
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| author | Yousefi Nejad, Maryam Ahmad, Azlina |
| author_facet | Yousefi Nejad, Maryam Ahmad, Azlina |
| author_sort | Yousefi Nejad, Maryam |
| collection | UUM |
| description | Value relevance studies have thus far provided mixed evidence.Studies also found that fair value reporting has a significant impact on the value relevance of other comprehensive income. Additionally, most studies on value relevance of other comprehensive income focused on developed countries where the capital market is more
efficient.In these settings due to the existence of active market, fair valuation of assets may not pose a major problem.In Malaysia the mandatory reporting of comprehensive income by all listed firms based on the requirement of FRS101, coincides with the adoption of FRS139 the standard for financial instrument and could be an interesting setting to investigate.This study hypothesized that other comprehensive income
and its components are associated with share price.The results indicate that other comprehensive income and its components are value relevant.The results indicate that the move towards a more comprehensive income reporting through the preparation of the Statement of Comprehensive Income results in more informative financial reporting. |
| first_indexed | 2024-07-04T06:16:12Z |
| format | Conference or Workshop Item |
| id | uum-21002 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:16:12Z |
| publishDate | 2017 |
| record_format | eprints |
| spelling | uum-210022017-02-22T08:56:53Z https://repo.uum.edu.my/id/eprint/21002/ Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income Yousefi Nejad, Maryam Ahmad, Azlina HF5601 Accounting Value relevance studies have thus far provided mixed evidence.Studies also found that fair value reporting has a significant impact on the value relevance of other comprehensive income. Additionally, most studies on value relevance of other comprehensive income focused on developed countries where the capital market is more efficient.In these settings due to the existence of active market, fair valuation of assets may not pose a major problem.In Malaysia the mandatory reporting of comprehensive income by all listed firms based on the requirement of FRS101, coincides with the adoption of FRS139 the standard for financial instrument and could be an interesting setting to investigate.This study hypothesized that other comprehensive income and its components are associated with share price.The results indicate that other comprehensive income and its components are value relevant.The results indicate that the move towards a more comprehensive income reporting through the preparation of the Statement of Comprehensive Income results in more informative financial reporting. 2017 Conference or Workshop Item PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/21002/1/shsconf_four2017%201%206%20vv.pdf Yousefi Nejad, Maryam and Ahmad, Azlina (2017) Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income. In: 17th Annual Conference of the Asian Academic Accounting Association (2016 FourA Conference), 20-22 November 2016, Kuching, Sarawak. http://doi.org/10.1051/shsconf/20173403004 doi:10.1051/shsconf/20173403004 doi:10.1051/shsconf/20173403004 |
| spellingShingle | HF5601 Accounting Yousefi Nejad, Maryam Ahmad, Azlina Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income |
| title | Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income |
| title_full | Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income |
| title_fullStr | Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income |
| title_full_unstemmed | Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income |
| title_short | Value relevance of available-for-sale financial instruments (AFS) and revaluation surplus of PPE (REV) components of other comprehensive income |
| title_sort | value relevance of available for sale financial instruments afs and revaluation surplus of ppe rev components of other comprehensive income |
| topic | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/21002/1/shsconf_four2017%201%206%20vv.pdf |
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