Since 2014
The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
Copernican Journal of Finance & Accounting
View Archive Info| Field | Value | |
| Title |
The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange
The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange |
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| Creator |
Bolibok, Piotr; Faculty of Social Sciences, Department of Banking, The John Paul II Catholic University of Lublin, Al. Racławickie 14, 20-950 Lublin
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| Subject |
banks; value relevance; accounting standards
C23; G14; G21; M41 banks; value relevance; accounting standards C23; G14; G21; M41 |
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| Description |
The paper aims at investigating the impact of IFRS on the value relevance of fundamental accounting data announced by banks listed on the Warsaw Stock Exchange over the period 1998–2012. Given the specificity of banking sector, the analyses were based on the Ohlson residual income valuation model. The empirical evidence indicates that observed increase in the value relevance of both book values of equity and residual incomes of banks after introduction of IFRS is statistically insignificant. The obtained results are, therefore, consistent with the findings of previous research conducted on non-financial enterprises in the context of Polish capital market.
The paper aims at investigating the impact of IFRS on the value relevance of fundamental accounting data announced by banks listed on the Warsaw Stock Exchange over the period 1998–2012. Given the specificity of banking sector, the analyses were based on the Ohlson residual income valuation model. The empirical evidence indicates that observed increase in the value relevance of both book values of equity and residual incomes of banks after introduction of IFRS is statistically insignificant. The obtained results are, therefore, consistent with the findings of previous research conducted on non-financial enterprises in the context of Polish capital market. |
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| Publisher |
Uniwersytet Mikołaja Kopernika w Toruniu
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| Contributor |
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| Date |
2014-04-07
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — — — |
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| Format |
application/pdf
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| Identifier |
http://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/CJFA.2014.003
10.12775/CJFA.2014.003 |
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| Source |
Copernican Journal of Finance & Accounting; Vol 3, No 1 (2014); 33-43
Copernican Journal of Finance & Accounting; Vol 3, No 1 (2014); 33-43 2300-3065 2300-1240 |
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| Language |
eng
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| Relation |
http://apcz.umk.pl/czasopisma/index.php/CJFA/article/view/CJFA.2014.003/3216
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| Coverage |
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