The changes in value-relevance of financial statements of Australian companies

Prihtjahjono, R. Purwoko. (2000). The changes in value-relevance of financial statements of Australian companies Master's Thesis, School of Business, The University of Queensland.

       
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Author Prihtjahjono, R. Purwoko.
Thesis Title The changes in value-relevance of financial statements of Australian companies
School, Centre or Institute School of Business
Institution The University of Queensland
Publication date 2000
Thesis type Master's Thesis
Total pages 58
Language eng
Subjects 1503 Business and Management
Formatted abstract
This study examines the value-relevance of financial statement information in Australia over the period of 1993 to 1999. Using a firm's equity valuation model, this research report analyses the correlation between financial statement components, the operating profits and book value, and the share prices. The stated objective is to determine whether there has been a change in the value-relevance of the financial statement information.

This study documents a weak or insignificant increase in the value-relevance of financial statement information. The results indicate that the value-relevance of operating profits has increased while the value-relevance of book value has decreased over the sample period. Overall, the combined value-relevance of operating profits and book values has increased. However, those changes in value-relevance are statistically insignificant. Accordingly, the findings only provide weak evidence of the increasing value-relevance of financial statement information during the sample period from 1993 to 1999 in Australia.

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Wed, 29 Sep 2010, 15:33:49 EST by Muhammad Noman Ali on behalf of Social Sciences and Humanities Library Service