Retracted: The Value‐relevance of Equity Accounted Carrying Amounts and Disclosed Fair Values of Listed Associates

Autor:	Wessel M. Badenhorst, Johannes de Wet, Leon M. Brummer
Rok vydání:	2016
Předmět:	Equity risk 050208 finance Actuarial science Mark-to-market accounting business.industry 05 social sciences Equity (finance) Accounting 050201 accounting Intrinsic value (finance) Fair value 0502 economics and business Business
Zdroj:	Australian Accounting Review. 26:177-189
ISSN:	1835-2561 1035-6908
DOI:	10.1111/auar.12089
Popis:	Equity accounting is a controversial accounting treatment. Although fair value measurement represents a potential alternative measurement base, information content may be lost under a pure fair value measurement approach. This study investigates the value-relevance of equity accounted carrying amounts and disclosed fair values of listed associates, using a sample of the largest firms listed in South Africa, Australia and the UK. The main finding is that the alternative measurement bases are incrementally value-relevant during the sample period of 31 December 2005 to 31 December 2011, implying that equity investors do not blindly accept either measurement base. Rather, investors include their own assessment of the intrinsic value of an entity's listed associates in their valuations.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::69ffcaad6632fa7370ea62c89d5751e4 https://doi.org/10.1111/auar.12089 Zobrazit plný text záznamu Plný text ve formátu PDF