2015
DOI: 10.1016/j.intaccaudtax.2015.02.002
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The value-relevance of disclosed summarised financial information of listed associates

Abstract: Prior research considers limited elements of the summarised financial information disclosed for equity accounted associates under IAS 28. Moreover, prior research does not consider the collective or incremental value-relevance of these disclosures. This study investigates the incremental value-relevance of all the required elements of disclosed summarised financial information for listed associates and controls for disclosed fair values. Findings suggest that individual elements of disclosed summarised financi… Show more

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Cited by 9 publications
(10 citation statements)
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“…Most scholars have examined FVA via the lens of valuation relevance supporting the notion of decisionusefulness. The studies confirm that the value relevance of fair values is negatively related with fair value hierarchy (So and Smith, 2009;Siekkinen, 2016;Goh et al, 2015;Magnan et al, 2015;Müller et al, 2015;Chung et al, 2017;Israeli, 2015;Song et al, 2010;Badenhorst et al, 2015), which supports the argument that investors are more likely to decrease the weight they place on less reliable Level 2 and Level 3 fair value estimates. Given greater information asymmetry associated with higher fair value levels, researchers became interested in the potential of firm-internal and external characteristics to alleviate this impediment.…”
Section: Domain 2: Fva -An Enhancement Of Decisionusefulness In General-purpose Financial Reportingsupporting
confidence: 73%
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“…Most scholars have examined FVA via the lens of valuation relevance supporting the notion of decisionusefulness. The studies confirm that the value relevance of fair values is negatively related with fair value hierarchy (So and Smith, 2009;Siekkinen, 2016;Goh et al, 2015;Magnan et al, 2015;Müller et al, 2015;Chung et al, 2017;Israeli, 2015;Song et al, 2010;Badenhorst et al, 2015), which supports the argument that investors are more likely to decrease the weight they place on less reliable Level 2 and Level 3 fair value estimates. Given greater information asymmetry associated with higher fair value levels, researchers became interested in the potential of firm-internal and external characteristics to alleviate this impediment.…”
Section: Domain 2: Fva -An Enhancement Of Decisionusefulness In General-purpose Financial Reportingsupporting
confidence: 73%
“…Zeff (2007: p. 291) posits that the existence of such markets is not abundant amongst IFRS adopters: "the asset pricing markets are not sufficiently deep to provide the necessary data with which to revalue many of the assets reliably". For example, conclusive evidence documents that the valuation relevance of fair values decreases with an increasing fair value hierarchy level (Elbannan and Elbannan, 2015;Song et al, 2010;Badenhorst, 2015;Magnan et al, 2015). Therefore, the purpose of this study does not include evaluation of market efficiency in relation to FVA application.…”
Section: Conceptual Boundary Implicationsmentioning
confidence: 99%
“…As a fundamental source of information, financial statements are at the heart of informed economic choices for all users (Badenhorst et al, 2015). Thus, the credibility, reliability and clarity of financial statements are vital for the continued success of an economy.…”
Section: Introductionmentioning
confidence: 99%
“…One of the main objectives of the current paper is to address this gap in the literature by examining the usefulness of segmental information prepared under IFRS 8 in developing countries by using a value relevance approach. In particular, we examine whether segmental information has enhanced the fundamental characteristics of useful accounting information by testing its association with share prices for listed companies in both Jordan and Qatar (Emmanuel and Garrod, 2002;Francis et al, 2003;Al Jifri and Citron, 2009;Birt and Shailer, 2009;Shu-hsing et al, 2012;IASB, 2013;Hamberg and Beisland, 2014;Badenhorst et al, 2015;Rahman, 2016;Nurul Houqe and Monem, 2016;Gotti, 2016;André et al, 2016).…”
Section: Introductionmentioning
confidence: 99%