DISCUSSION OF Incremental Value Relevance of Unrecognized Deferred Taxes: Evidence from the United Kingdom

2008 ◽  
Vol 30 (2) ◽  
pp. 131-137
Author(s):  
David P. Weber
Keyword(s):  
United Kingdom ◽  
Value Relevance ◽  
Deferred Taxes ◽  
The United Kingdom ◽  
Incremental Value

Incremental Value Relevance of Unrecognized Deferred Taxes: Evidence from the United Kingdom

2008 ◽  
Vol 30 (2) ◽  
pp. 107-130 ◽  
Author(s):  
Stephen Gregory Lynn ◽  
Chandra Seethamraju ◽  
Ananth Seetharaman
Keyword(s):  
Value Relevance ◽  
Weighted Least Squares ◽  
Annual Reports ◽  
Deferred Taxes ◽  
Deferred Tax Assets ◽  
Share Prices ◽  
The United Kingdom ◽  
Incremental Value ◽  
Theoretical Predictions ◽  
Deferred Tax

ABSTRACT: We examine empirically whether the use of the partial method for deferred taxes provides incremental information of use to investors. Specifically, we test whether U.K. capital markets valued unrecognized deferred tax amounts reported in the footnotes to U.K. annual reports, pursuant to U.K. Statement of Standard Accounting Practice (SSAP) No. 15 (ASB 1985). Our empirical model is based on Feltham and Ohlson (1995). We run iterative weighted least-squares (IWLS) regression of year-end share prices on a decomposition of book value per share for a pooled sample of U.K. firm-years drawn from the years 1993 through 1998, and find positive associations with price for net deferred tax assets—both recognized and unrecognized. Moreover, we are unable to reject the null hypothesis that both parts of deferred taxes have similar multiples in our price regressions. These findings support some theoretical predictions in Sansing (1998), Guenther and Sansing (2000, 2004), and Amir et al. (2001).

scholarly journals The Value Relevance Of Value Added And Stakeholder Compensation Across Business Cultures

2011 ◽  
Vol 5 (4) ◽  
Author(s):  
John Darcy
Keyword(s):  
United States ◽  
United Kingdom ◽  
Value Relevance ◽  
Value Added ◽  
Incremental Value ◽  
Stakeholder Model

This research performed a partial test of the instrumental validity of the stakeholder model by examining the value relevance of value added relative to income and the incremental value relevance of two stakeholder compensation components of value added, wages and interest for Japan, Germany, United States, and United Kingdom.

A comparison of the United Kingdom Clinical Aptitude Test (UK-CAT) with a traditional admission selection process

2009 ◽  
pp. 1-6 ◽  
Author(s):  
Nishan Fernando ◽  
Gordon Prescott ◽  
Jennifer Cleland ◽  
Kathryn Greaves ◽  
Hamish McKenzie
Keyword(s):  
United Kingdom ◽  
Selection Process ◽  
Aptitude Test ◽  
The United Kingdom

Research on Schizophrenia: A View From the United Kingdom

1990 ◽  
Vol 35 (8) ◽  
pp. 800-801
Author(s):  
Michael F. Pogue-Geile
Keyword(s):  
United Kingdom ◽  
The United Kingdom

In the United Kingdom, Employed Women Have Problems, Too

1992 ◽  
Vol 37 (10) ◽  
pp. 1076-1077
Author(s):  
Barbara A. Gutek
Keyword(s):  
United Kingdom ◽  
The United Kingdom ◽  
Employed Women
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