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Showing result 1 - 5 of 46 essays matching the above criteria.

1. 1. 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

3. 2. Link between Transfer Pricing and Customs Union Regulations

   University essay from Uppsala universitet/Juridiska institutionen

   Author : Ankita Tiwari; [2022]
   Keywords : Transfer Pricing; Customs Union;

   Abstract : Base erosion and profit sharing (BEPS) explain the process when multinational enterprises take advantage of the gaps, mismatches or loopholes in the international tax regulations for artificially shifting profits to lower tax jurisdictions or no tax jurisdictions. Tax avoidance strategies were legal in most cases and overlooked until the OECD G20 BEPS project was done in 2013. READ MORE

4. 3. IFRS 16: A Necessity For Efficient Market Values? An Ex-Post Study On The Valuation Effects Of Recognized Operating Leases

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

   Author : Lucas Aras; Georges Chalami; [2021]
   Keywords : IFRS 16; Operating Leases; Value Relevance; Misvaluation; Residual Income Valuation Model;

   Abstract : This study examines if the adoption of IFRS 16 has resulted in a lower disparity between market values and their intrinsic (true) values in an ex-post setting. With financial statements being an important source of information for the investment decisions of investors, we aim to understand whether the uniform treatment of previously off-balance sheet operating leases following IFRS 16 has facilitated share price information. READ MORE

5. 4. Credit Loss Accounting and Value Relevance: A Comparative Study of Accounting Standards in European Banks

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

   Author : Alexander Airaxin; Ebba Jerre; [2021]
   Keywords : IFRS 9; IAS 39; Credit loss accounting; Value relevance; Expected credit loss model;

   Abstract : By comparing the value relevance of the incurred credit loss model under IAS 39 and the expected credit loss model under IFRS 9 we investigate whether the IASB has succeeded with its goal of improving accounting relevance and quality through the implementation of IFRS 9 and contributed to investors gaining better and more relevant information. Using a modified version of the Ohlson (1995) valuation framework on a sample of 163 European banks (3 756 unique observation) between 2010 and 2020, we find that credit loss accounting under IFRS 9 is more value relevant than under IAS 39, and that the IASB thus has succeeded in this regard. READ MORE

6. 5. Network Effects and Valuation

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Carl Fredrik Falkner; Oskar Munck af Rosenschöld; [2021]
   Keywords : Metcalfe’s law; network effects; valuation; platform-mediated business model; shareholder value approach; increasing returns; standards; Business and Economics;

   Abstract : This study examines the association between revenue and user base for companies who operate a platform-mediated business model and benefit from network effects. More specifically, the study incorporates both an exponential and linear function in order to see which one most accurately explains the association. READ MORE