The value-relevance of disclosed summarised financial information of listed associates

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dc.contributor.author Badenhorst, Wessel M.
dc.contributor.author Brummer, L.M., 1940-
dc.contributor.author De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden)
dc.date.accessioned 2015-06-25T08:58:10Z
dc.date.available 2015-06-25T08:58:10Z
dc.date.issued 2015-03
dc.description.abstract While prior research considers limited elements of the summarised financial informationreported for equity accounted associates under IAS 28, it does not address the collectiveor incremental value-relevance of these disclosures. Therefore, this study investigates theincremental value-relevance of all required elements of disclosed summarised financialinformation for listed associates, and controls for reported fair values. Findings suggestthat individual elements of these summarised disclosures are sometimes incrementallyvalue-relevant, but that elements have the greatest incremental value-relevance as a group.These findings suggest that investors value a firm’s investments in listed associates at a self-developed intrinsic value, rather than using the market value (or fair value) of that associatedirectly. Therefore, underlying accounting information of listed associates remains value-relevant, even when alternative market-based valuations are available. en_ZA
dc.description.embargo 2016-03-31 en_ZA
dc.description.librarian hb2015 en_ZA
dc.description.uri http://www.journals.elsevier.com/journal-of-international-accounting-auditing-and-taxation en_ZA
dc.identifier.citation Badenhorst, WM, Brummer, LM & De Wet, JH 2015, 'The value-relevance of disclosed summarised financial information of listed associates', Journal of International Accounting, Auditing and Taxation, vol. 24, pp. 1-12. en_ZA
dc.identifier.issn 1061-9518 (print)
dc.identifier.issn 1879-1603 (online)
dc.identifier.other 10.1016/j.intaccaudtax.2015.02.002
dc.identifier.uri http://hdl.handle.net/2263/45780
dc.language.iso en en_ZA
dc.publisher Elsevier en_ZA
dc.rights © 2015 Elsevier Inc. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Journal of International Accounting, Auditing and Taxation. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of International Accounting, Auditing and Taxation, vol. 24, pp. 1-12, 2015. doi :10.1016/j.intaccaudtax.2015.02.002 en_ZA
dc.subject Equity accounting en_ZA
dc.subject Investments in associates en_ZA
dc.subject Disclosure en_ZA
dc.title The value-relevance of disclosed summarised financial information of listed associates en_ZA
dc.type Postprint Article en_ZA


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