A comparative study of the value relevance of accounting information between financial and non-financial companies listed on the Ghana Stock Exchange

Der, Basil Abeifaa; Masri, Masairol; Abubakari, Mohammed Salisu

doi:10.1504/aajfa.2017.10009980

Cited by 2 publications

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“…al., 2020;El-Diftar & Elkalla, 2019;Mbekomize & Popo, 2020). Based on their study of the value prominence of book value, earnings, and dividend for nonfinancial and financial firms listed in Ghana, Basil et. al.…”

Section: Literature Review and Theoretical Frameworkmentioning

confidence: 99%

Value Relevance of Accounting Information for Listed Financial Service Firms in Nigeria

Busari

Chechet

Abdullahi

et al. 2022

gujaf

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Over a 5-year period from 2016 to 2020, this paper compares the value relevance of accounting numbers of banks and insurance firms listed on the Nigerian Stock Exchange market. The analysis used data from annual accounts of these companies and the Nigerian Stock Exchange facts sheet to apply Ohlson's (1995) valuation model to test the comparative value validity of accounting numbers of these two sub-sectors in the financial service industry. The findings of the empirical analyses revealed the importance of accounting information's value relevance to listed group financial service firms in Nigeria. Furthermore, the accounting numbers of banks have been found to be more important in terms of information quality than the accounting numbers of insurance firms. As a result, the paper proposes that firms' operations be sustained in order to improve profits, performance, and shareholder wealth.

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Section: Literature Review and Theoretical Frameworkmentioning

confidence: 99%

Value Relevance of Accounting Information for Listed Financial Service Firms in Nigeria

Busari

Chechet

Abdullahi

et al. 2022

gujaf

View full text Add to dashboard Cite

show abstract

“…Similarly, Ismail et al (2013);Berti and Moya (2013); Mironiuc, Carp and Chersan (2015) examine whether IFRS adoption has achieved higher accounting numbers, improves the relevance and reliability of the corporate financial reporting and value relevance of comprehensive income in relation to the net income, and conclude that indeed value reliance has improved after the switch to IFRS in terms of comprehensive income, net income and share price. Using DAX-30 firms for the periods , Jermakowicz et al (2007 demonstrate that explanatory power of earnings and book value of equity increase under IFRS adoption (Abeifaa et al 2015). Beisland and Knivsfla (2015) analyze the effect of IFRS adoption on stock prices in association with earnings and book values of Norway listed companies and find that value relevance of book values increase under the National GAAP, while value relevance of earnings decrease under IFRS.…”

Section: Literature Reviewmentioning

confidence: 99%

International financial reporting standards adoption and accounting quality: evidence from Ghanaian listed firms

Yeboah

Pais

2021

AAJFA

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The adoption of International Financial Reporting Standards (IFRS) by Ghanaian listed firms form the basis of higher accounting quality and reliability of accounting information from IFRS application. Existing literature suggests that the adoption affects the level of accounting quality.The aim of this paper is to examine whether the shift to IFRS minimizes weaknesses in Ghana National Accounting Standards (GNAS) in measuring accounting quality. The paper employs research design metrics of discretional accruals, accrual quality, earnings smoothness, small loss avoidance and price-earnings to compute accounting quality of Ghana Stock Exchange (GSE) firms. The results suggest that accounting quality has improved after the shift to IFRS. This research fills the gap in Ghana level, given that there was no such study. Also, this study gives evidence of improvement in the information environment of GSE capital market after the shift in terms of information quality and accounting comparability.

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A comparative study of the value relevance of accounting information between financial and non-financial companies listed on the Ghana Stock Exchange

Cited by 2 publications

References 0 publications

Value Relevance of Accounting Information for Listed Financial Service Firms in Nigeria

Value Relevance of Accounting Information for Listed Financial Service Firms in Nigeria

International financial reporting standards adoption and accounting quality: evidence from Ghanaian listed firms

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