Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]

We examine the value-relevance of accounting numbers in the balance sheet to investors. Specifically, we investigate the association between purchased goodwill and the value placed on the firm by the stock market. An equity valuation model based on the modified balance sheet identity is used to perm...

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Main Authors:	Ibrahim, Muhd Kamil, Mohd Said, Marzita, Abd Latif, Radziah, Abd Shukur, Zaleha
Format:	Article
Language:	English
Published:	Faculty of Accountancy & Accounting Research Institute (ARI) 2003
Subjects:	Managerial accounting Balance sheet. Financial statements. Corporation reports. Including pro forma statements
Online Access:	http://ir.uitm.edu.my/id/eprint/13682/ http://ir.uitm.edu.my/id/eprint/13682/1/AJ_MUHD%20KAMIL%20IBRAHIM%20MAR%2003.pdf

id	uitm-13682
recordtype	eprints
spelling	uitm-136822016-07-21T07:42:18Z http://ir.uitm.edu.my/id/eprint/13682/ Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.] Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha Managerial accounting Balance sheet. Financial statements. Corporation reports. Including pro forma statements We examine the value-relevance of accounting numbers in the balance sheet to investors. Specifically, we investigate the association between purchased goodwill and the value placed on the firm by the stock market. An equity valuation model based on the modified balance sheet identity is used to permit purchased goodwill, other assets and liabilities to have separate empirical coefficient values. This study finds evidence consistent with the notion that be market incorporates the information on purchased goodwill in the valuation of a firm and results also show that the market seems to perceive purchased goodwill at least with a value equal to other assets. Several empirical extensions are explored to examine whether the basic finding can be made more robust. Faculty of Accountancy & Accounting Research Institute (ARI) 2003 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13682/1/AJ_MUHD%20KAMIL%20IBRAHIM%20MAR%2003.pdf Ibrahim, Muhd Kamil and Mohd Said, Marzita and Abd Latif, Radziah and Abd Shukur, Zaleha (2003) Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]. Malaysian Accounting Review, 2 (1). pp. 106-123. ISSN 1675-4077
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Managerial accounting Balance sheet. Financial statements. Corporation reports. Including pro forma statements
spellingShingle	Managerial accounting Balance sheet. Financial statements. Corporation reports. Including pro forma statements Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]
description	We examine the value-relevance of accounting numbers in the balance sheet to investors. Specifically, we investigate the association between purchased goodwill and the value placed on the firm by the stock market. An equity valuation model based on the modified balance sheet identity is used to permit purchased goodwill, other assets and liabilities to have separate empirical coefficient values. This study finds evidence consistent with the notion that be market incorporates the information on purchased goodwill in the valuation of a firm and results also show that the market seems to perceive purchased goodwill at least with a value equal to other assets. Several empirical extensions are explored to examine whether the basic finding can be made more robust.
format	Article
author	Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha
author_facet	Ibrahim, Muhd Kamil Mohd Said, Marzita Abd Latif, Radziah Abd Shukur, Zaleha
author_sort	Ibrahim, Muhd Kamil
title	Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]
title_short	Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]
title_full	Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]
title_fullStr	Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]
title_full_unstemmed	Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]
title_sort	value-relevance of accounting numbers : an empirical investigation of purchased goodwill / muhd kamil ibrahim ... [et al.]
publisher	Faculty of Accountancy & Accounting Research Institute (ARI)
publishDate	2003
url	http://ir.uitm.edu.my/id/eprint/13682/ http://ir.uitm.edu.my/id/eprint/13682/1/AJ_MUHD%20KAMIL%20IBRAHIM%20MAR%2003.pdf
first_indexed	2023-09-18T22:50:10Z
last_indexed	2023-09-18T22:50:10Z
_version_	1777417490785107968

Value-relevance of accounting numbers : an empirical investigation of purchased goodwill / Muhd Kamil Ibrahim ... [et al.]

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