The Value Relevance of IFRS in the UAE Banking Industry: Empirical Evidence from Dubai Financial Market, 2008-2013
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2014, Vol 4, Issue 4
Abstract
The objective of this paper is to examine the value relevance of accounting information for the banks listed in the Dubai Financial Market (DFM) for the period 2008 - 2013. Empirical tests are based on the return and the price models. Overall, the results show that accounting information is associated with market valuation. The earnings are positive and significantly related to stock prices and stock returns. Moreover results indicate that value relevance of accounting information has changed since 2008 which might raise the effect of the Global Financial Crisis (GFC). Finally, the explanatory power of earnings and equity book value are found to decrease during the recovery period 2011-2013.
Authors and Affiliations
Nadia Sbei Trabelsi, Mohamed Trabelsi
Keywords
Related Articles
- EP ID EP105439
- DOI 10.6007/IJARAFMS/v4-i4/1241
- Views 94
- Downloads 0
Stock Prices Reaction to Dividend Announcements: A Study on Listed Companies in the Damascus Securities Exchange
Elements of Knowledge Management Systems of Enterprises
The Impact of High Earnings on the Informational Content of Cash Flows in the Listed Companies on Tehran Stock Exchange
This paper tries to investigate the incremental informational content of cash flow from operations and earnings as well as the impact of high earnings on the informational content of cash flows and earnings by exploring...
The Effect of Motivational Values on Professionalism in Accounting
This study attempts to find out various cultural aspects that have influenced on professionalism of accountants. The aim at this study is to explore a different approach to examine the influence of culture on a...
Investor Sentiment and Stock Returns: Evidence from Romania
The attitude of individual investors is strongly correlated with their sentiment, so their behavior on the stock market can generate important changes in price fluctuations. The aim of our study was to provide evidence r...