Please use this identifier to cite or link to this item: http://ir.lib.seu.ac.lk/handle/123456789/1830
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dc.contributor.authorNijam, H.M.
dc.contributor.authorJahfer, A.
dc.date.accessioned2016-11-21T06:59:10Z
dc.date.accessioned2016-11-23T06:18:59Z-
dc.date.available2016-11-21T06:59:10Z
dc.date.available2016-11-23T06:18:59Z-
dc.date.issued2015-11-18
dc.identifier.citationIn Proceedings of 4th Annual International Research Conference – 2015, on “Innovative Perspective in Business, Finance and Information Management”, pp 246-251.en_US
dc.identifier.isbn978-955-627-065-5
dc.identifier.urihttp://ir.lib.seu.ac.lk/handle/123456789/1830
dc.description.abstractThe purpose of this paper is to explore the relationship between and communalities among recent empirical evidences reported on value relevance of accounting information of listed companies in Sri Lanka. This paper therefore reviews seven recent empirical studies conducted in Sri Lanka on value reverence of accounting information. The review finds that nearly all studies have used price regression model of Ohlson (1995) and thus used book value of equity per share and or earning per share as accounting information to predict market price per share. All studies reviewed have concluded that accounting information of companies listed in Colombo Stock Exchange (CSE) is value relevant. It is hence confirmed that accounting information significantly influence firms‘ equity valuation in Sri Lanka. It is also deducted that earning parameters which summarize the income statement better explain the share price than book value or similar measures that brief financial position statement. All these studies have covered the periods prior to the accounting reform in 2012 in which Sri Lanka enforced LKAS and SLFRS that were fully converged to respectively IAS and IFRS. It is therefore recommended to investigate the value relevance of accounting information in post IFRS adoption periods and to explore the impact of IFRS adoption on value relevance of accounting information.en_US
dc.language.isoen_USen_US
dc.publisherFaculty of Management and Commerce, South Eastern University of Sri Lanka (SEUSL).en_US
dc.subjectValue relevanceen_US
dc.subjectBook valueen_US
dc.subjectEPSen_US
dc.subjectOhlson modelen_US
dc.subjectSri Lankaen_US
dc.subjectCSEen_US
dc.titleValue relevance of accounting information: a review of recently reported evidences from Sri Lankaen_US
dc.typeArticleen_US
Appears in Collections:4th Annual International Research Conference - 2015

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