Badenhorst, Wessel M.Brummer, Leon MarxDe Wet, Johannes H.v.H. (Johannes Hendrik van Heerden)2015-09-152015-09-152016Wessel M. Badenhorst, Leon M. Br ü mmer & Johannes H. v. H. de Wet (2016) The value-relevance of listed associates: a cross-country investigation, South African Journal of Accounting Research, 30:1, 61-78, DOI: 10.1080/10291954.2015.1054118.1029-1954 (print)2376-3981 (online)10.1080/10291954.2015.1054118orcid.org/0000-0001-6159-9158 (Wessel Badenhorst)http://hdl.handle.net/2263/49859Prior research findings are not conclusive on whether or not equity accounted carrying amounts and disclosed fair values of listed associates are value-relevant in different countries. Using a variety of statistical methods, this study compares the value-relevance of disclosed fair values of listed associates in South Africa, the United Kingdom and Australia. It finds that value-relevance differs between sample countries, especially when firms in the globalised financial services and mining industries are excluded from the sample, despite increased convergence in accounting standards. This study contributes to the existing literature by directly comparing the cross-country value-relevance of disclosed fair values of listed associates. Findings highlight that generalisation of value-relevance findings across countries and industries should be done with caution.en© 2015 South African Journal of Accounting Research. This is an electronic version of an article published in South African Journal of Accounting Research, vol. 30, no. 1, pp. 61-78, 2016. doi :10.1080/10291954.2015.1054118. South African Journal of Accounting Research is available online at : http://www.tandfonline.com/loi/rsar20.Equity accountingInvestments in associatesValue-relevanceDisclosed fair valuesListed associatesSouth Africa (SA)United KingdomAustraliaCross-countryEconomic and management sciences articles SDG-08SDG-08: Decent work and economic growthPostprint Article