The value-relevance of listed associates: a cross-country investigation

Autor:	Johannes de Wet, Wessel M. Badenhorst, Leon M. Brummer
Rok vydání:	2015
Předmět:	050208 finance Cross country business.industry Accounting 0502 economics and business 05 social sciences Equity (finance) 050201 accounting Business Research findings General Business Management and Accounting Financial services
Zdroj:	South African Journal of Accounting Research. 30:61-78
ISSN:	2376-3981 1029-1954
DOI:	10.1080/10291954.2015.1054118
Popis:	Prior research findings are not conclusive on whether or not equity accounted carrying amounts and disclosed fair values of listed associates are value-relevant in different countries. Using a variety of statistical methods, this study compares the value-relevance of disclosed fair values of listed associates in South Africa, the United Kingdom (UK) and Australia. It finds that value-relevance differs between sample countries, especially when firms in the globalised financial services and mining industries are excluded from the sample, despite increased convergence in accounting standards. This study contributes to the existing literature by directly comparing the cross-country value-relevance of disclosed fair values of listed associates. Findings highlight that generalisation of value-relevance findings across countries and industries should be done with caution.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::89db9d610827bb3c2086b1889c17e21a https://doi.org/10.1080/10291954.2015.1054118 Zobrazit plný text záznamu