Value-relevance of acccounting numbers for valuation
Recent empirical work suggested that the ability of accounting numbers to explain the relationship between accounting numbers and stock prices has deteriorated over the past four decades. The findings of this study suggest that the accounting earnings and book value are capturing most of the informa...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English English |
| Published: |
David Publishing Company, USA
2009
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/17578/ http://psasir.upm.edu.my/id/eprint/17578/1/Value.pdf |
| _version_ | 1848843280344678400 |
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| author | Aba Ibrahim, Muliati Bujang, Hajah Fatimah Madi, Nero Abu Samah, Aizimah Ismai, Ummi Syarah Jusoff, Kamaruzaman Narawi, Azlina |
| author_facet | Aba Ibrahim, Muliati Bujang, Hajah Fatimah Madi, Nero Abu Samah, Aizimah Ismai, Ummi Syarah Jusoff, Kamaruzaman Narawi, Azlina |
| author_sort | Aba Ibrahim, Muliati |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Recent empirical work suggested that the ability of accounting numbers to explain the relationship between accounting numbers and stock prices has deteriorated over the past four decades. The findings of this study suggest that the accounting earnings and book value are capturing most of the information that is relevant to assess the values of firms. At the same time, it also suggests that earnings and book value as well as non-accounting beta are more valued during the financial crisis as compared to after the financial crisis. Overall, the accounting estimate of the value of the firm is not deviating from the markets' estimate, which suggests that accounting numbers play an important role in the valuation of firms in Malaysia. |
| first_indexed | 2025-11-15T08:12:31Z |
| format | Article |
| id | upm-17578 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T08:12:31Z |
| publishDate | 2009 |
| publisher | David Publishing Company, USA |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-175782015-11-30T06:30:30Z http://psasir.upm.edu.my/id/eprint/17578/ Value-relevance of acccounting numbers for valuation Aba Ibrahim, Muliati Bujang, Hajah Fatimah Madi, Nero Abu Samah, Aizimah Ismai, Ummi Syarah Jusoff, Kamaruzaman Narawi, Azlina Recent empirical work suggested that the ability of accounting numbers to explain the relationship between accounting numbers and stock prices has deteriorated over the past four decades. The findings of this study suggest that the accounting earnings and book value are capturing most of the information that is relevant to assess the values of firms. At the same time, it also suggests that earnings and book value as well as non-accounting beta are more valued during the financial crisis as compared to after the financial crisis. Overall, the accounting estimate of the value of the firm is not deviating from the markets' estimate, which suggests that accounting numbers play an important role in the valuation of firms in Malaysia. David Publishing Company, USA 2009 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/17578/1/Value.pdf Aba Ibrahim, Muliati and Bujang, Hajah Fatimah and Madi, Nero and Abu Samah, Aizimah and Ismai, Ummi Syarah and Jusoff, Kamaruzaman and Narawi, Azlina (2009) Value-relevance of acccounting numbers for valuation. Journal of Modern Accounting and Auditing, 5 (9). pp. 30-39. ISSN 1548-6583 Accounting English |
| spellingShingle | Accounting Aba Ibrahim, Muliati Bujang, Hajah Fatimah Madi, Nero Abu Samah, Aizimah Ismai, Ummi Syarah Jusoff, Kamaruzaman Narawi, Azlina Value-relevance of acccounting numbers for valuation |
| title | Value-relevance of acccounting numbers for valuation |
| title_full | Value-relevance of acccounting numbers for valuation |
| title_fullStr | Value-relevance of acccounting numbers for valuation |
| title_full_unstemmed | Value-relevance of acccounting numbers for valuation |
| title_short | Value-relevance of acccounting numbers for valuation |
| title_sort | value-relevance of acccounting numbers for valuation |
| topic | Accounting |
| url | http://psasir.upm.edu.my/id/eprint/17578/ http://psasir.upm.edu.my/id/eprint/17578/1/Value.pdf |