文章基本信息

标题：The Economic Consequences of Mandatory IFRS Reporting: Emerging Market Perspective
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作者：Ijaz Ur Rehman ; Faisal Shahzad
期刊名称：Information Technology And Control
印刷版ISSN：2335-884X
出版年度：2014
卷号：25
期号：4
页码：401-409
DOI：10.5755/j01.ee.25.4.2775
语种：English
出版社：Kaunas University of Technology
摘要：The value relevance of accounting information in the contemporary electronic and institutionally planned market environment has acquired considerable consideration since accounting regulators have positioned the value relevance as the primary feature of accounting information. Given such phenomenon, the existence of transparency related to accounting information in financial markets is a significant issue. IFRS standards have some prerequisite to get the maximum output in terms of getting quality reports. These prerequisites include investor protection, strictly enforced laws, transparency, and active stock market. This study investigates the economic consequences of mandatory IFRS reporting in the domain of value relevant of accounting information in Pakistan. We used panel data methodologies by incorporating the Ohlson (1995) price and product valuation model. The Study has utilized the data of one hundred and seventy (170) firms listed on the Karachi stock exchange from 2006–2010. The overall results show that both earnings per share and book value have positive and significant influence on the share price. Furthermore, the relationship between share price, book value, and earnings per share signifies that relationship tends to deteriorate with the passage of time following IFRS implementation. The study further finds that book value is more relevant than earning per share in pooled, fixed, and random effect.
其他摘要：The value relevance of accounting information in the contemporary electronic and institutionally planned market environment has acquired considerable consideration since accounting regulators have positioned the value relevance as the primary feature of accounting information. Given such phenomenon, the existence of transparency related to accounting information in financial markets is a significant issue. IFRS standards have some prerequisite to get the maximum output in terms of getting quality reports. These prerequisites include investor protection, strictly enforced laws, transparency, and active stock market. This study investigates the economic consequences of mandatory IFRS reporting in the domain of value relevant of accounting information in Pakistan. We used panel data methodologies by incorporating the Ohlson (1995) price and product valuation model. The Study has utilized the data of one hundred and seventy (170) firms listed on the Karachi stock exchange from 2006–2010. The overall results show that both earnings per share and book value have positive and significant influence on the share price. Furthermore, the relationship between share price, book value, and earnings per share signifies that relationship tends to deteriorate with the passage of time following IFRS implementation. The study further finds that book value is more relevant than earning per share in pooled, fixed, and random effect. DOI: http://dx.doi.org/10.5755/j01.ee.25.4.2775
关键词：Value Relevance;earning per share;book value;IFRS;legal System;emerging market
其他关键词：Value Relevance;earning per share;book value;IFRS;legal System;emerging market