Abstract
This study is aimed at investigating the value relevance of aggregated and disaggregated book value and earnings of high-tech firms listed on Bursa Malaysia for the period from 2003-2008. Using the Ohlson (1995) basic and modified equity valuation models, this study investigated whether disaggregated book value and earnings could explain the variation in market value better than aggregated book value and earnings. The results of the basic model show that the explanatory powers of both book value and earnings are fluctuating with book value is in a decreasing trend whereas earnings is in an increasing trend. The results of the modified models show that disaggregated book value and earnings could explain the variation in market value better than aggregated book value and earnings.
Metadata
| Item Type: | Article |
|---|---|
| Creators: | Creators Email / ID Num. Kadri, Mohd Halim UNSPECIFIED Ibrahim, Muhd Kamil UNSPECIFIED Abdul Aziz, Rozainun UNSPECIFIED |
| Subjects: | H Social Sciences > HF Commerce > Marketing H Social Sciences > HF Commerce > Marketing > Malaysia |
| Divisions: | Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Accountancy |
| Journal or Publication Title: | Management & Accounting Review (MAR) |
| UiTM Journal Collections: | UiTM Journal > Management & Accounting Review (MAR) |
| ISSN: | 2550-1895 |
| Volume: | 9 |
| Number: | 1 |
| Page Range: | pp. 1-17 |
| Keywords: | market value, book value, earnings, high-tech firms, Malaysia. |
| Date: | June 2010 |
| URI: | https://ir.uitm.edu.my/id/eprint/31013 |
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