The Value Relevance of Defined Benefit Pension Accounting Information before and after the Adoption of K-IFRS

2015 ◽  
Vol 28 (12) ◽  
pp. 3379-3402
Author(s):  
Junghee No ◽  
◽  
Jong-Seo Choi
Keyword(s):  
Value Relevance ◽  
Accounting Information ◽  
Defined Benefit ◽  
Pension Accounting ◽  
Before And After

scholarly journals ANALISIS KOMPARASI RELEVANSI NILAI INFORMASI AKUNTANSI SEBELUM DAN SESUDAH ADOPSI PENUH IFRS DI INDONESIA

2018 ◽  
Vol 11 (1) ◽  
Author(s):  
Sugi Suhartono
Keyword(s):  
Stock Prices ◽  
Value Relevance ◽  
Accounting Information ◽  
Coefficient Of Determination ◽  
Wrong Decision ◽  
Book Value ◽  
Chow Test ◽  
Study Results ◽  
Before And After ◽  
Accounting Report

<p><em>Many companies had adopted but there is a differences on the quality of the accounting report that were created before and after the adoption that has not been studied by academics, because of this researcher wants to investigate whether there are any differences in value relevance of accounting information before and after the full adoption of IFRS. Based on regulation theory, signalling theory, market efficient theory and clean surplus theory. The gap between action that were taken by management and the will of shareholders could possibly happen when the asymmetric information disrupt the capability of investor to supervise managerial level and lead the investor to make a wrong decision. Samples of this study consisted of 16 companies that are part of LQ 45 Index of Indonesia Stock Exchange. Purposive Sampling method is used to take the sample. The data analysis technique used to test the hypothesis is Chow Test. Chow test shows F value (0.57985) is smaller than F table (2.71). Then, in testing of the coefficient of determination, which the value of adjusted R<sup>2</sup> before the full adoption of IFRS is 85.7% and after the full adoption of IFRS is 82.2%. This shows a 3.5% reduction of adjusted R<sup>2</sup>. The reduction of the adjusted R<sup>2</sup> indicates that the adjusted R<sup>2</sup> can not be explained by measuring stock prices, earnings per share, and book value per share after full adoption of IFRS. Based on the study results show that the full adoption of IFRS does not affect the relevance of the value of accounting information on companies listed in the LQ 45 index.</em><em></em></p><p><em> </em></p><p><strong><em>Keyword</em></strong><em> : </em><em>Value Relevance, Profit, Equity Book Value, IFRS Adoption</em></p>

Value Relevance of Accounting Information: A Review of Empirical Evidence Across Continents

2019 ◽  
Vol 8 (2) ◽  
pp. 179-193 ◽  
Author(s):  
Meena Bhatia ◽  
Mwila J. Mulenga
Keyword(s):  
Empirical Evidence ◽  
Empirical Research ◽  
Current Literature ◽  
Value Relevance ◽  
Accounting Information ◽  
Research Papers ◽  
Ifrs Adoption ◽  
Before And After ◽  
Opposite View

In the last two decades, accounting literature has focused increasingly on examining value relevance of accounting information. After the announcement of IFRS adoption, there has been a growth in the literature, which links value relevance of accounting information with IFRS adoption. This study aims to provide a brief literature and presents empirical findings. The purpose is to help future researchers to have the understanding of this nature of the study and identify gaps in the current literature. The article covered 90 empirical research papers published between 1993 and 2016 from various countries across continents, and the majority of them concluded that accounting information is relevant across continents before and after IFRS adoption, while few hold the opposite view. Few studies show no evidence in the improvement of accounting information after IFRS adoption.

scholarly journals Analisis Relevansi Nilai Informasi Akuntansi Sebelum dan Sesudah Konversi SAK-IFRS (Studi Empiris Pada Emitem Perbankan Yang Tercatat Di Bursa Efek Indonesia)

2019 ◽  
Vol 16 (2) ◽  
pp. 213
Author(s):  
Atrina Febri Yuniarso ◽  
Andreas Lako
Keyword(s):  
Stock Market ◽  
Value Relevance ◽  
Stock Exchange ◽  
Accounting Information ◽  
Sampling Technique ◽  
Financial Statements ◽  
Purposive Sampling ◽  
Information Relevance ◽  
Significant Difference ◽  
Before And After

Abstract This study aims to examine the effect of IFRS implementation on the value relevance of accounting information with elements of financial statements based on SAK-IFRS namely Assets, Liabilities, Book Value Equity, Income, Costs and Profit. The population of this study is a banking company listed on the Indonesia Stock Exchange in 2008-2015. The sampling technique used in this study is purposive sampling method, which is the sampling conducted by the author through consideration and based on certain criteria. The analytical tool used is Multiple Linear Regersion. The results showed that the relevance of the value of accounting information (elements of financial statements) for the stock market before and after the conversion of IFRS-SAK increased from time to time after the year SAK-IFRS was enacted. The relevance of the value of accounting information after the conversion of IFRS-SAK is higher than before the conversion of IFRS. There is a significant difference between the relevance of the value of accounting information for the stock market after the conversion of SAK-IFRS compared to before the conversion of SAK-IFRS. Keywords: SAK-IFRS conversion, value of accounting information relevance, stock return, z-test cramer. Abstrak Penelitian ini bertujuan untuk menguji pengaruh penerapan IFRS terhadap relevansi nilai informasi akuntansi dengan elemen – elemen laporan keuangan yang berbasis pada SAK-IFRS yaitu Aset, Liabilitas, Nilai Buku Ekuitas, Pendapatan, Biaya, dan Laba. Populasi dari penelitian ini yaitu Perusahaan perbankan yang tercatat di Bursa Efek Indonesia pada Tahun 2008-2015. Teknik pengambilan sampel yang digunakan dalam penelitian ini adalah metode purposive sampling, yaitu pengambilan sampel yang dilakukan penulis melalui pertimbangan dan dengan berdasarkan kriteria tertentu. Alat analisis yang digunakan adalah Regersi Linier Berganda. Hasil penelitian menunjukkan bahwa Relevansi nilai informasi akuntansi (elemen-elemen laporan keuangan) untuk pasar saham sebelum dan sesudah konversi SAK-IFRS meningkat dari waktu ke waktu setelah tahun diberlakukannya SAK-IFRS. Relevansi nilai informasi akuntansi periode sesudah konversi SAK-IFRS lebih tinggi dibandingkan dengan sebelum konversi SAK-IFRS. Terdapat perbedaan yang signifikan antara relevansi nilai informasi akuntansi untuk pasar saham sesudah konversi SAK-IFRS dibandingkan sebelum konversi SAK-IFRS. Kata kunci: konversi SAK-IFRS, relevansi nilai informasi akuntansi, return saham, z-test cramer.

scholarly journals Firm-Specific Attributes and the Value Relevance of Accounting Information in Nigeria

2019 ◽  
Vol 14 (10) ◽  
pp. 12
Author(s):  
Gospel J. Chukwu ◽  
Isoboye J. Damieibi ◽  
Emma I. Okoye
Keyword(s):  
Financial Reporting ◽  
Firm Value ◽  
Value Relevance ◽  
Stock Exchange ◽  
Accounting Information ◽  
Market Values ◽  
Ifrs Adoption ◽  
Accounting Numbers ◽  
Before And After ◽  
The Relationship

This paper examines how firm-specific attributes affect the value relevance of summary accounting numbers in Nigeria. The paper also investigates whether the adoption of International Financial Reporting Standards (IFRS) affects the relationship between the summary accounting numbers (book value of equity and earnings) and firm-specific characteristics (firm size, liquidity and leverage). Data from 54 firms in 10 sectors of the Nigerian Stock Exchange (covering a period of 6 years, 2009 to 2014, divided into 3 years pre-IFRS period and 3 years IFRS period) were analyzed based on the Ohlson (1995) model. Results from the analyses indicate that firm-specific characteristics affect the relationship between summary accounting numbers and market value, and this effect increased in the period after IFRS adoption. The implication of these findings is that firms seeking to improve their market values must work towards the firm-specific attributes that enhance firm value. By examining the effect of firm-specific attributes on the value relevance of accounting information using data from the Nigerian Stock Exchange, before and after IFRS adoption, this study fills a research gap.

scholarly journals The effect of IFRS adoption on the value relevance of accounting information: evidence from South Korea

2019 ◽  
Vol 16 (2) ◽  
pp. 78-88 ◽  
Author(s):  
Do Hoon Ki ◽  
Wook Bin Leem ◽  
Jee Hoon Yuk
Keyword(s):  
South Korea ◽  
Value Relevance ◽  
Accounting Information ◽  
Financial Statements ◽  
Consolidated Financial Statements ◽  
Listed Firms ◽  
Ifrs Adoption ◽  
Accounting Numbers ◽  
Before And After ◽  
Different Characteristics

This study investigates whether the value relevance of accounting information was changed after IFRS adoption in South Korea. Related prior studies have found mixed empirical evidence depending on research methodologies or research periods. Moreover, the effect of IFRS adoption on value relevance can be different between Korean stock markets (KSE and KOSDAQ) because they have different characteristics. Also, the main financial statements reported by Korean firms had changed from individual financial statements to consolidated financial statements after IFRS adoption. Thus, this study analyzes the effect of IFRS adoption on the value relevance of individual and consolidated accounting numbers expanding research periods (5 years before and after IFRS adoption) and comparing changes in explanatory powers of Ohlson (1995) model on each listing market. The empirical results indicate that the value relevance of Korean listed firms generally decreased after IFRS adoption. However, the value relevance of KSE listed firms decreased, while the value relevance of KOSDAQ listed firms increased after IFRS adoption. In addition, it was found that the effects of IFRS adoption on value relevance of individual and consolidated financial information were different depending on listed markets. This implies that different level of demand for information environment may induce differential effects of IFRS adoption on value relevance.

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