Title
Have IFRS Contributed to an Increased ValueRelevance?: The Scandinavian Evidence,Used
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This paper examines the valuerelevance of Scandinavian earnings information and book values over the past decade in order to shed some light on whether the extensive global adoption of IFRS/IAS has contributed to an increased accounting quality in terms of economic decisionusefulness to equity investors. We address this research question using a sample of 4.310 firmyear observations for 431 exchangelisted companies at NASDAQ OMX Nordic and Oslo Stock Exchange between 2001 and 2010. The degree of valuerelevance in our firmsample is operationalized through two price regressions and one return regression and empirically tested via the statistical association between capitalized values of equity or annual changes in capitalized values of equity and the studys three explanatory accounting variables: (i) book values, (ii) accrualbased earnings and (iii) cashflowbased earnings. Taken as a whole, our results show significant empirical signs of an increased valuerelevance in both Scandinavian earnings information and book values, allowing us to draw contributing conclusions on the information content of financial statement information disclosed in the Scandinavian region.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
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