How does value relevance of accounting information react to financial crisis?

The relevance of financial reports rests on the value relevance of accounting information. Since accounting information is value relevant only when used by investors to reflect stock valuations, it takes trust from the users of financial information over the financial statements. The heightened vola...

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Main Authors: Eugenio, Karl Louis, Parel, Rhobe Mitch Ailarie, Reyes, Katrina Marie, Yu, Keith Brian, Cudia, Cynthia
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Published: Animo Repository 2019
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Online Access:https://animorepository.dlsu.edu.ph/faculty_research/1317
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Institution: De La Salle University
id oai:animorepository.dlsu.edu.ph:faculty_research-2316
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spelling oai:animorepository.dlsu.edu.ph:faculty_research-23162021-06-16T06:13:29Z How does value relevance of accounting information react to financial crisis? Eugenio, Karl Louis Parel, Rhobe Mitch Ailarie Reyes, Katrina Marie Yu, Keith Brian Cudia, Cynthia The relevance of financial reports rests on the value relevance of accounting information. Since accounting information is value relevant only when used by investors to reflect stock valuations, it takes trust from the users of financial information over the financial statements. The heightened volatility of markets during periods of financial distress or crisis raises the imperative to determine the value of financial information during these periods. The great recession of 2008 also victimized East Asia, and firm strategies were influenced by resulting economic shocks. In this study, we aim to determine how value relevance of accounting information differ before, during, and after the 2008 global financial crisis. We employed panel data regression analysis to cover selected accounting information and market valuation data of publicly listed non-financial firms in Asia for the years 2000 to 2016. We find inconsistencies in relative value relevance of Asian firms throughout the period, that is, before, during, and after the crisis. We recommend for future research to widen the scope of our study to include countries outside Asia. © 2019 by De La Salle University. 2019-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/faculty_research/1317 Faculty Research Work Animo Repository Financial statements Accounting Accounting
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
topic Financial statements
Accounting
Accounting
spellingShingle Financial statements
Accounting
Accounting
Eugenio, Karl Louis
Parel, Rhobe Mitch Ailarie
Reyes, Katrina Marie
Yu, Keith Brian
Cudia, Cynthia
How does value relevance of accounting information react to financial crisis?
description The relevance of financial reports rests on the value relevance of accounting information. Since accounting information is value relevant only when used by investors to reflect stock valuations, it takes trust from the users of financial information over the financial statements. The heightened volatility of markets during periods of financial distress or crisis raises the imperative to determine the value of financial information during these periods. The great recession of 2008 also victimized East Asia, and firm strategies were influenced by resulting economic shocks. In this study, we aim to determine how value relevance of accounting information differ before, during, and after the 2008 global financial crisis. We employed panel data regression analysis to cover selected accounting information and market valuation data of publicly listed non-financial firms in Asia for the years 2000 to 2016. We find inconsistencies in relative value relevance of Asian firms throughout the period, that is, before, during, and after the crisis. We recommend for future research to widen the scope of our study to include countries outside Asia. © 2019 by De La Salle University.
format text
author Eugenio, Karl Louis
Parel, Rhobe Mitch Ailarie
Reyes, Katrina Marie
Yu, Keith Brian
Cudia, Cynthia
author_facet Eugenio, Karl Louis
Parel, Rhobe Mitch Ailarie
Reyes, Katrina Marie
Yu, Keith Brian
Cudia, Cynthia
author_sort Eugenio, Karl Louis
title How does value relevance of accounting information react to financial crisis?
title_short How does value relevance of accounting information react to financial crisis?
title_full How does value relevance of accounting information react to financial crisis?
title_fullStr How does value relevance of accounting information react to financial crisis?
title_full_unstemmed How does value relevance of accounting information react to financial crisis?
title_sort how does value relevance of accounting information react to financial crisis?
publisher Animo Repository
publishDate 2019
url https://animorepository.dlsu.edu.ph/faculty_research/1317
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