Essays about: "Value Relevance of Accounting Information"

Showing result 1 - 5 of 32 essays containing the words Value Relevance of Accounting Information.

1. 1. The Missing Ingredient: How to improve value investing in the information age

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Robin Grawe; Kjell Thomsen; [2023]
   Keywords : Value investing; Fama-French; Intangible Assets; Accounting-based valuation;

   Abstract : This thesis aims to inform a value investing strategy in specific niches of European firms by adjusting the book-to-market (B/M) ratio for intangible assets. An increase in intangible assets' importance for corporate value creation coupled with a lack of amendments to their accounting treatment has led to debates on the value relevance and accuracy of accounting information, including the B/M ratio used to derive value premiums. READ MORE

3. 2. Accounting for the Measurement Bias: A Study of Market Efficiency in the United States and the Relevance of Extensive Fundamental Analysis in Equity Valuation

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Erik Bergmark; Hugo Freudenthal; [2023]
   Keywords : Accounting valuation bias; Fundamental analysis; Horizon Value; Market mispricing; Residual income valuation;

   Abstract : This thesis investigates abnormal returns over the period 1983-2021 from an investment strategy that is based on public accounting information. Investment positions are taken in US manufacturing firms and are held for 36 months using a self-financing (hedged) portfolio. READ MORE

4. 3. Value Relevance in the New Economy: A Study on Changes in Value Relevance of Accounting Information

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Isak Sunar Kreuger; Emilia Staaf; [2023]
   Keywords : Value Relevance; Equity Valuation; Classification and Regression Trees; New Economy; Financial Reporting;

   Abstract : Prior research emphasizes that the failure of accounting practices to keep pace with the emergence of a new economy has caused a deterioration in the value relevance of accounting. We therefore aim to investigate how the value relevance of accounting information in Sweden has changed as the new economy has developed. READ MORE

5. 4. Unlocking the True Value of Intellectual Capital: A Study of the Valuation Relevance of Intellectual Capital in an M&A Intensive Era

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Filippa Oldenburg; Elisabeth Scharp; [2023]
   Keywords : Valuation Relevance; Value Relevance; M A; Performative; Intellectual Capital;

   Abstract : Capital market actors must understand the fundamental value-drivers in society, yet accounting standards face difficulties in capturing Intellectual Capital (IC) information. Meanwhile, the number of acquisitions is ever-growing, but research on the valuation relevance of IC in mergers and acquisitions (M&A) is lacking. READ MORE

6. 5. IFRS Impact on Swedish Companies

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Alexander Gunnervall; Jiahe Cheng; [2023]
   Keywords : Value Relevance; Linear Regression Analysis; IFRS Implementation; Ohlson Model; Market Value of Equity; Book value of equity; Earnings.; Business and Economics;

   Abstract : This thesis aims to investigate whether the implementation of IFRS has affected the accounting quality in Swedish companies. The results of this study is analyzed through the theory of information asymmetry and previous empirical studies. READ MORE