Value relevance of accounting information: comparative study of Indian public and private sector banks

Bhatia, Meena; Mulenga, Mwila J.

doi:10.1504/ijicbm.2019.10017827

Cited by 8 publications

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“…Burke & Wieland (2017) dengan menggunakan data dari tahun 2004-2014, menemukan bukti bahwa arus kas operasi bank dan nilai buku per saham memiliki hubungan positif dengan harga saham. Bhatia & Mulenga (2019) dengan menggunakan objek penelitian perbankan swasta dan publik di India memperoleh hasil EPS dan BVPS secara individu maupun secara bersama-sama berhubungan positif dan signifikan terhadap harga saham.…”

Section: Pendahuluanunclassified

“…Seperti yang diamati oleh Pirie & Smith (2003), El Shamy & Kayed (2005, Pervan & Bartulovic (2014), Ahmadi & Bouri (2018), dan Bhatia & Mulenga (2019) penemuan dari estimasi nilai buku menyediakan bukti adanya pengaruh positif nilai buku terhadap harga saham. Hasil penelitian ini konsisten dengan hipotesis yang diprediksi dengan t-statistics sebesar 0,6218 dan tingkat signifikansi kurang dari 1%, sehingga dari hasil ini memberikan dukungan terhadap H2.…”

Section: Hasil Dan Pembahasanunclassified

“…Dari hasil ini bisa disimpulkan bahwa H4 dapat dibuktikan dari penelitian ini. Hasil penelitian ini sejalan dengan penelitian (Bhatia & Mulenga, 2019;Badu & Appiah, 2018;Mostafa, 2016;Bepari, 2015;Papadatos & Makri, 2013;Habib, 2008). Selain itu, variabel kontrol berupa log total aset juga memiliki pengaruh positif terhadap harga saham perusahaan.…”

Section: Hasil Dan Pembahasanunclassified

“…menunjukkan bukti kuat tentang bagaimana total perubahan harga saham dapat ditelusuri ke jumlah perubahan nilai suatu perusahaan ketika laba berubah.Studi-studi relevansi nilai akuntansi juga dilakukan di negara berkembang. Studi baru-baru ini,Bhatia & Mulenga (2019) dengan menggunakan objek penelitian perbankan swasta dan publik di India dari tahun 2002 sampai 2016 memperoleh hasil EPS dan BVPS secara individu maupun secara bersama-sama berhubungan positif dan signifikan terhadap harga saham. Mereka juga menemukan konten informasi inkremental BVPS yang lebih besar daripada EPS di bank sektor publik.…”

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Relevansi Nilai Informasi Akuntansi Pada Laba, Nilai Buku, dan Arus Kas Operasi: Kasus di Perbankan Indonesia

Hadinata

2020

AKTSAR

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<p class="bdabstract">This study aims to examine the relationship between capital markets and accounting information in Indonesian banking. Specifically, this study examines the value relevance of earnings, book values, and operating cash flows. Using a sample of banks listed on the Indonesia Stock Exchange from 2014 to 2018, this study accommodates the documented accounting information in the context of developing markets using stock prices of four months after year-end as a dependent variable. Sampling using a purposive sampling method. This research obtained 35 companies used in this study sample. This study uses panel data regression techniques with the Generalized Least Square (GLS) analysis approach. This study indicates that earnings and book value statistically have a positive effect on stock prices. Meanwhile, operating cash flow has no statistical effect on stock prices. This study also shows that earnings more value-relevant than other variables.</p>

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Section: Hasil Dan Pembahasanunclassified

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Relevansi Nilai Informasi Akuntansi Pada Laba, Nilai Buku, dan Arus Kas Operasi: Kasus di Perbankan Indonesia

Hadinata

2020

AKTSAR

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“…As per Bhatia and Mulenga (2019), EPS and BVPS jointly and individually are positively and significantly related with market share price of public sector banks, private sector banks and all banks in India. Another study Mulenga and Bhatia (in press) indicated that under both the price model and returns model accounting information is relevant in explaining stock prices and stock returns of the NSE listed firms; However, earnings per share and book value per share jointly and individually are more relevant than that of earnings levels and earnings changes.…”

Section: Review Of Literaturementioning

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

Bhatia

Mulenga

2019

Jindal Journal of Business Research

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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.

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Asymmetric financial reporting quality and firm size: conditional evidence from an emerging market

Saji

2021

JAAR

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PurposeThe mandatory adoption/convergence of IFRS has increased the information quality of reported earnings in equity markets across the globe. The purpose of the study is to explore whether the mandatory convergence of Indian Accounting Standards (Ind AS) with International Financial Reporting Standards (IFRS) affect the financial reporting quality of listed firms in India.Design/methodology/approachThe sample includes 355 non-financial publicly listed firms on National Stock Exchange (NSE) of India with 1,065 firm-year observations. The authors use models similar to Jones (1991), and DeFond and Jiambalvo (1994) to investigate value relevance in the period “1st January 2017 to 31st December 2019”. The study uses the quantile regression (QR) analysis to verify our hypothesis.FindingsThe findings suggest that IFRS convergence process adds value to accounting quality of reported earnings in Indian stock market. The authors' QR estimations produce collaborating evidence on the uneven impact of IFRS across quantiles and the financial reporting quality skewed in favour of investors of high-valued firms.Research limitations/implicationsThe effects of convergence with IFRS in value relevance of financial statements could be reinforced by considering alternate accrual models and incorporating more accounting measures on an expanded sample of stocks from several global markets.Practical implicationsPresently, convergence of local accounting standards to IFRS in India is only partial. The findings may produce useful insights for regulators and standard setters to further increase the value relevance of financial reports whilst they move towards full convergence.Originality/valueThe study explores the information quality of reported earnings of Indian listed firms in post-IFRS convergence period, which is not properly investigated in the literature. Moreover, the research is unique in terms of applying QR estimations to examine the value relevance of IFRS-converged financial reporting from the emerging market perspective.

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Value relevance of accounting information: comparative study of Indian public and private sector banks

Cited by 8 publications

References 0 publications

Relevansi Nilai Informasi Akuntansi Pada Laba, Nilai Buku, dan Arus Kas Operasi: Kasus di Perbankan Indonesia

Relevansi Nilai Informasi Akuntansi Pada Laba, Nilai Buku, dan Arus Kas Operasi: Kasus di Perbankan Indonesia

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

Asymmetric financial reporting quality and firm size: conditional evidence from an emerging market

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