The effect of accounting ratios on firm's value: Evidence from Malaysian listed companies
This study empirically examines the effect of accounting ratios on firms' value among Malaysian listed companies. The study utilized a sample of top 100 leading companies in Malaysia (Index Companies) for the period covering 2008-2012. Based on the extensive review of literature, conceptual fra...
Saved in:
主要作者: | |
---|---|
格式: | Thesis |
語言: | English English |
出版: |
2014
|
主題: | |
在線閱讀: | https://etd.uum.edu.my/5195/1/s813113.pdf https://etd.uum.edu.my/5195/2/s813113_abstract.pdf https://etd.uum.edu.my/5195/ |
標簽: |
添加標簽
沒有標簽, 成為第一個標記此記錄!
|
總結: | This study empirically examines the effect of accounting ratios on firms' value among Malaysian listed companies. The study utilized a sample of top 100 leading companies in Malaysia (Index Companies) for the period covering 2008-2012. Based on the extensive review of literature, conceptual framework was proposed and hypotheses were developed to examine the relationship between the variables of the study. A multiple regression analysis was used in analyzing the data collected.
Findings from the study revealed that both liquidity and profitability ratios have a
significant effect on firms' value. On the basis of the findings, the study concludes that there is increasing need for a more credible and comprehensive disclosure of accounting ratios in the annual reports of companies. On this ground, the study recommends that Malaysian regulatory authorities implement a policy or a guideline that will encourage a uniform and comprehensive disclosure of accounting ratios by companies. This in turn will avail investors and other users of financial information a better means of evaluating and making a qualitative judgment on companies' financial performance |
---|