Relative Valuation Roles of Equity Book Value and Net Income as a Type of Firm's Characteristics

YunBok-Yook,; Ryu, Sung-Yong

doi:10.35349/tar.2010..27.005

Cited by 1 publication

(1 citation statement)

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“…These results are inharmonious to [38] who concluded that the value relevance of earnings is decreased over time and [17] who found that earnings and book value are largely irrelevant. Results indicate a degree of ambivalence between the current study and other studies in the literature that deduced the value relevance of earnings is declined, while it is increased for book value ( [39]; [40]; [41]; [34]; [4]; [37]).…”

Section: Regression Results and Discussioncontrasting

confidence: 85%

Value Relevance of Accounting Information: Insights From Iraq

Shamki¹

2022

J.port.sci.res.

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This research investigates the value relevance of accounting information, namely earnings and book value of equity (separately and aggregately), related to stock market values and stock market returns models, for Iraqi services companies for the four years 2015 - 2018. The paper finds that, related to stock market values model, the value relevance of earnings and book value has increased separately; the value relevance for earnings increased while it is irrelevant for book value when they are associated. In the other hand and related to stock market returns model, the value relevance of earnings either separately or aggregately has increased while that of book value has decreased. Generally, it is shown that earnings figures can importantly demonstrate variances in stock market values and stock market returns compared with book value figures. Moreover, the findings show that earnings and book value separately are more value relevant in stock market values model. Differently, these variables aggregately are more value relevant in stock market returns model. The study finds earnings can widely help in demonstrating the changes stock market values in Iraqi services companies. The value relevance of accounting information using two models of stock market values and stock market returns has not examined before in one study in Iraq.

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Section: Regression Results and Discussioncontrasting

confidence: 85%

Value Relevance of Accounting Information: Insights From Iraq

Shamki¹

2022

J.port.sci.res.

View full text Add to dashboard Cite

show abstract

Relative Valuation Roles of Equity Book Value and Net Income as a Type of Firm's Characteristics

Cited by 1 publication

References 10 publications

Value Relevance of Accounting Information: Insights From Iraq

Value Relevance of Accounting Information: Insights From Iraq

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