How should the value relevance research employ book value of equity ?

Basit Öğe Kaydı
dc.authoridMelik Ertuğrul / 0000-0003-2068-2080en_US
dc.authorscopusidMelik Ertuğrul / 57201323895
dc.authorwosidMelik Ertuğrul / L-5129-2018
dc.contributor.authorErtuğrul, Melik
dc.date.accessioned2020-11-23T07:59:54Z
dc.date.available2020-11-23T07:59:54Z
dc.date.issued2020en_US
dc.departmentİstinye Üniversitesi, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Ekonomi Bölümüen_US
dc.description.abstractPurpose – This study analyses how the mechanical interdependency affects the value relevance inferences by considering the Price Model. Design/methodology/approach – As the Price Model employs reported earnings together with book value of equity (BVE), it induces a mechanical interdependency since earnings are partially integrated to BVE via the net income available to owners of parent item. We suggest researchers subtract this item from BVE prior to analyses. We perform analyses by employing the Price Model with the unadjusted (or reported) version BVE and the Price Model with the adjusted version of BVE. Findings – The Price Model with unadjusted BVE figures generates value irrelevant earnings figures which is contrary to expectations. However, as per our suggestion, after adjusting BVE for the net income available to owners of parent item, earnings become value relevant. Discussion – Although no mechanical interdependency does exist at conventional statistical significance levels, researchers should know data they work in value relevance studies as both independent variables of the Price Model is partially integrated which may yield incorrect value relevance inferences.en_US
dc.identifier.citationERTUĞRUL, M. (2020). How Should the Value Relevance Research Employ Book Value of Equity?. İşletme Araştırmaları Dergisi, 12(2), 2031-2039.en_US
dc.identifier.doi10.20491/isarder.2020.960en_US
dc.identifier.endpage2039en_US
dc.identifier.issn1309-0712en_US
dc.identifier.issue2en_US
dc.identifier.startpage2031en_US
dc.identifier.trdizinid378714en_US
dc.identifier.urihttps://doi.org/10.20491/isarder.2020.960
dc.identifier.urihttps://hdl.handle.net/20.500.12713/1234
dc.identifier.volume12en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.institutionauthorErtuğrul, Melik
dc.language.isoenen_US
dc.relation.ispartofİşletme Araştırmaları Dergisien_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectMechanical Interdependencyen_US
dc.subjectOhlsonen_US
dc.subjectValue Relevanceen_US
dc.subjectValuationen_US
dc.titleHow should the value relevance research employ book value of equity ?en_US
dc.typeArticleen_US

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
İsim:
1.pdf
Boyut:
362.39 KB
Biçim:
Adobe Portable Document Format
Açıklama:
Tam Metin / Full Text
İndir
Lisans paketi
Listeleniyor 1 - 1 / 1
Küçük Resim Yok
İsim:
license.txt
Boyut:
1.44 KB
Biçim:
Item-specific license agreed upon to submission
Açıklama:
İndir

Koleksiyon

TR-Dizin İndeksli Yayınlar Koleksiyonu
Ekonomi Bölümü Makale Koleksiyonu