Value relevance of aggregated vs disaggregated book value and earnings : evidence from Malaysian high-tech firms / Mohd Halim Kadri, Muhd Kamil Ibrahim and Rozainun Abdul Aziz.

Kadri, Mohd Halim and Ibrahim, Muhd Kamil and Abdul Aziz, Rozainun (2010) Value relevance of aggregated vs disaggregated book value and earnings : evidence from Malaysian high-tech firms / Mohd Halim Kadri, Muhd Kamil Ibrahim and Rozainun Abdul Aziz. Management & Accounting Review (MAR), 9 (1). pp. 1-17. ISSN 2550-1895

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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.

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Item Type: Article
Creators:
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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
Official URL: http://arionline.uitm.edu.my/ojs/index.php/MAR/art...
Item ID: 31013
Uncontrolled Keywords: market value, book value, earnings, high-tech firms, Malaysia.
URI: https://ir.uitm.edu.my/id/eprint/31013

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31013

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