印度收益和账面价值的价值相关性：会计改革的意义和新兴市场的无形强度

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2018-10-04 DOI:10.1504/IJAAPE.2018.10015588

P. Kumari, C. Mishra

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引用次数: 4

摘要

该研究调查了1995年至2015年印度会计监管改革21年来孟买证券交易所收益和账面价值的价值相关性。在发达市场，由于经济从有形强度转向无形强度，会计信息已经失去了相关性。然而，会计信息在新兴市场中的相关性随着会计监管和市场环境的改善而增加。因此，我们还研究了会计监管改革和无形强度对新兴市场收益和账面价值相关性的影响。结果表明，随着印度会计监管改革的改善，收益和账面价值的组合值和增量值的相关性增加。此外，无形强度对解释收益（账面价值）增量解释力的变化具有正（负）意义。

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Value relevance of earnings and book value in India: significance of accounting reforms and intangible-intensity in an emerging market

The study investigates the value relevance of earnings and book value on the Bombay Stock Exchange over 21 years of accounting regulation reforms in India from 1995 to 2015. In developed markets accounting information has lost its relevance due to shift in economies from tangible to intangible intensity. However, the relevance of accounting information in an emerging market increases with the improvements in accounting regulation and market environment. Thus, we also examined the effects of both accounting regulation reforms and intangible intensity on the relevance of earnings and book value in an emerging market. Results indicate that the relevance of the combined and incremental value of both earnings and book value is increased with the improvements in accounting regulation reforms in India. Furthermore, the intangible intensity is positively (negatively) significant to explain the change in the incremental explanatory power of earnings (book value).

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来源期刊

International Journal of Accounting, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.