Record Details

Value Relevance Of Other Comprehensive Income

Asian Journal of Accounting and Governance

View Archive Info
 
 
Field Value
 
Title Value Relevance Of Other Comprehensive Income
 
Creator Yousefi Nejad, Maryam
Ahmad, Azlina
Embong, Zaini
 
Subject Other Comprehensive Income; Fair value; Developing countries; Efficient Market Hypothesis
 
Description Studies on value relevance of other comprehensive income have thus far provided mixed evidence. Prior studies also found that fair value reporting has a significant impact on the value relevance of other comprehensive income. Most studies on value relevance of other comprehensive income focused on developed countries where the capital market is more efficient. In these settings due to the existence of active market, fair valuation of assets may not pose a major problem. Therefore, more studies are needed to better understand the value relevance of such items especially in developing countries which have less efficient market. Thus, this study examined whether other comprehensive income and its components are value relevant in Malaysia as a developing country. In order to fulfill these objectives, this study hypothesized that other comprehensive income and its components are associated with share price. These hypotheses were empirically examined using a sample of 1,419 firm years observations from 2011 to 2013, of firms listed on the Main Market of Bursa Malaysia. The results of Panel Analysis, indicate that other comprehensive and its components are value relevant. These results remain robust after additional analyse.
 
Publisher Penerbit UKM
 
Contributor —
 
Date 2018-02-12
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ejournal.ukm.my/ajac/article/view/19770
10.17576/AJAG-2017-08SI-12
 
Source Asian Journal of Accounting and Governance; Vol 8 (2017): Special Issue; 133-144
2180-3838
 
Language eng
 
Relation http://ejournal.ukm.my/ajac/article/view/19770/8253
 
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