Movement of hidden reserves: Empirical evidence from Malaysia/ Henny Hazliza Mohd Tahir ...[et al.]

Mohd Tahir, Henny Hazliza and Khadri, Mohd Halim and Haron, Rosmawati and Ibrahim, Muhd Kamil (2012) Movement of hidden reserves: Empirical evidence from Malaysia/ Henny Hazliza Mohd Tahir ...[et al.]. Terengganu International Finance and Economics Journal (TIFEJ), 2 (2). pp. 48-52. ISSN 2232-0539

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Official URL: http://myjms.mohe.gov.my/index.php/tifej/article/v...

Abstract

Reserves in accounting can be of different kinds and created for diverse reasons. Most of them are revealed publicly in one way or another. When the firm’s net worth swerves from its economic value, it is said to have hidden reserves. Two sources of hidden reserves exist: accountant’s misevaluation of portfolio positions that accounting principles designates as on balance sheet items and the systematic neglect of off balance sheet sources of value that these principles do not permit to be formally recorded (Kane & Unal, 1990). This paper used the model developed by Kane & Unal (1990) to study the movement of the hidden reserves in Malaysia from the year 1999 to 2008. In effect, the analysis found that the firms’ values in Malaysia are overstated and the values of the hidden reserves are insignificant throughout the year under study.

Item Type: Article
Creators:
CreatorsEmail
Mohd Tahir, Henny Hazlizahenny030@johor.uitm.edu.my
Khadri, Mohd HalimUNSPECIFIED
Haron, RosmawatiUNSPECIFIED
Ibrahim, Muhd KamilUNSPECIFIED
Subjects: H Social Sciences > HF Commerce > Accounting. Bookkeeping
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Balance sheet. Financial statements. Corporation reports. Including pro forma statements
Divisions: Universiti Teknologi MARA, Terengganu > Dungun Campus > Universiti Teknologi MARA (Terengganu) Press (UPENA)
Journal or Publication Title: Terengganu International Finance and Economics Journal (TIFEJ)
ISSN: 2232-0539
Volume: 2
Number: 2
Page Range: pp. 48-52
Official URL: http://myjms.mohe.gov.my/index.php/tifej/article/v...
Item ID: 22991
Uncontrolled Keywords: Hidden reserves; Net book value; Market value
Last Modified: 03 Feb 2019 03:53
Depositing User: Perpustakaan Cendekiawan UiTM Caw Terengganu
URI: http://ir.uitm.edu.my/id/eprint/22991

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