Value relevance of accounting information: evidence from Sri Lanka

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F10%3A63509605" target="_blank" >RIV/70883521:28120/10:63509605 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Value relevance of accounting information: evidence from Sri Lanka

Original language description

The purpose of this paper is to investigate the value relevance of accounting information at Colombo Stock Exchange (CSE) in Sri Lanka. The study use earrings per share (EPS), book value per share (BVPS) and return on equity (ROE) as the independent variables and market price per share (MPS) as the dependent variable. Sample of the study includes 129 companies selected from 6 major sectors at CSE. Cross sectional and time series cross sectional regressions are used for the data analysis. Study finds that EPS, BVPS and ROE have positive value relevance on market value of securities. However, the explanatory power of combined variables is below average. Value relevance of EPS and ROE has slightly increased when the sample include only accounting variables with positive values. But, BVPS does not comply with that finding. EPS is the most valve relevant variable out of the three variables, in Sri Lanka. Further, explanatory power of EPS and ROE has considerably improved after the new infor

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2010

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

International Journal of Research in Commerce & Management

ISSN

0976-2183

e-ISSN

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Volume of the periodical

2010

Issue of the periodical within the volume

1

Country of publishing house

JP - JAPAN

Number of pages

8

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

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