Change in value-relevance of disclosed RPT across accounting regimes: Evidence from Malaysia

Autor:	Zaharaddeen Salisu Maigoshi, Rohaida Abdul Latif, Hasnah Kamardin
Rok vydání:	2018
Předmět:	050208 finance Earnings per share business.industry 05 social sciences Accounting 050201 accounting 0502 economics and business Related party transaction Value (economics) Business Management and Accounting (miscellaneous) Relevance (law) Business Book value Finance
Zdroj:	Research in International Business and Finance. 44:422-433
ISSN:	0275-5319
Popis:	This study investigates the value-relevance of the disclosure of the related party transaction and whether the value-relevance of such disclosure has changed after the mandatory adoption of international financial reporting standard (IFRS) in 2012 by listed firms in Malaysia. Analyses of the sampled firm from 2009 to 2015 revealed that the disclosure of related party transaction is value-relevant. We also find that earnings per share are value-relevant in pre-IFRS adoption, post-IFRS adoption and combined periods, while book value per share is only value-relevant in the post-IFRS adoption and combined periods. Our results also recorded a significant decrease in the value-relevance of the book value per shares of the firms with related party transactions during the post-IFRS adoption and combined periods. Conversely, the value-relevant of earnings per share of the firms with related party transaction increased in the post-IFRS adoption and combined periods. Our results are robust to the number of tests to validate our results.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::967eeb1c1872139916eb7e588e8cbf52 https://doi.org/10.1016/j.ribaf.2017.07.114 Zobrazit plný text záznamu Full Text from ScienceDirect