Macquarie University
Browse
01whole.pdf (834.04 kB)

The Impact of the Adoption of International Financial Reporting Standards (IFRS) on Value Relevance of Accounting Information in a Developing Market: Empirical Evidence from Saudi Arabia

Download (834.04 kB)
thesis
posted on 2022-10-31, 02:05 authored by Ahmed BasahiAhmed Basahi

The global acceptance of the International Financial Reporting Standards (IFRS) encouraged many developing countries to follow developed countries in changing their accounting standards. However, the debate over whether adopting the IFRS increases the quality of accounting information is still ongoing. This study aims to investigate whether there is a significant increase in the value relevance of accounting information provided by Saudi Arabian listed firms post-IFRS adoption. The study uses the Ohlson (1995) price model and the Easton and Harris (1991) return model to examine the extent of investors’ reliance on accounting information in their decision-making process. The findings show that the value relevance of both earnings and book value has increased after listed Saudi Arabian firms adopted the IFRS. The study extends the literature on the financial reporting implications of the IFRS adoption in developing markets. The results of this research provide useful insights for regulators, academics, creditors and investors on the relationship between the IFRS and the value relevance of accounting information.

History

Table of Contents

Chapter 1. Introduction -- Chapter 2. Accounting in Saudi Arabia -- Chapter 3. Relevant Literature and Hypotheses Development -- Chapter 4. Research Methodology -- Chapter 5. Results and Discussion -- Chapter 6. Conclusions, Implications, Limitations and Future Directions -- References -- Appendices

Notes

A thesis submitted for the degree of Master of Research

Awarding Institution

Macquarie University

Degree Type

Thesis MRes

Degree

Thesis (MRes), Macquarie University, Macquarie Business School, Department of Accounting and Corporate Governance, 2021

Department, Centre or School

Department of Accounting and Corporate Governance

Year of Award

2021

Principal Supervisor

Parmod Chand

Additional Supervisor 1

Peipei Pan

Rights

Copyright: The Author Copyright disclaimer: https://www.mq.edu.au/copyright-disclaimer

Language

English

Jurisdiction

Saudi Arabia

Extent

87 pages

Usage metrics

    Macquarie University Theses

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC