Value Relevance of Control-based Consolidated Financial Statements

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dc.contributor.authorBarcham, Ren_US
dc.contributor.authorBradbury, Men_US
dc.date.accessioned2020-04-08T22:40:39Z
dc.date.accessioned2020-04-08T22:46:24Z
dc.date.available2020-04-08T22:40:39Z
dc.date.available2020-04-08T22:46:24Z
dc.date.issued2015en_US
dc.description.abstractThe study examines whether the switch from ownership-based guidelines for control under SSAP-8 to the principles-based guidelines (power and benefits) of FRS-37 increased the value relevance of consolidated financial statements in New Zealand. The adoption of FRS-37 led to an increase in value relevance of consolidated assets and liabilities (at the 5 percent level). Only weak evidence was found to support the view that FRS-37 was not effective (less value relevant) for entities with a large number of subsidiaries (as a proxy for investment complexity) and associates are less value relevant. The is evidence that investors view non-controlling as a liability, which does not support its presentation as equity (under IFRS 10).en_US
dc.identifier.citation2015en_US
dc.identifier.elements-id431365
dc.identifier.harvestedMassey_Dark
dc.identifier.urihttp://hdl.handle.net/10179/15324
dc.languageEnglishen_US
dc.rightsThe Author(s)en_US
dc.subjectFRS-37en_US
dc.subjectIAS 27en_US
dc.subjectIFRS 10en_US
dc.subjectcontrol-based consolidationen_US
dc.subjectvalue relevanceen_US
dc.subjectprinciples versus rulesen_US
dc.titleValue Relevance of Control-based Consolidated Financial Statementsen_US
dc.typeOther
pubs.confidentialfalseen_US
pubs.notesNot knownen_US
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/Massey Business School
pubs.organisational-group/Massey University/Massey Business School/School of Accountancy
pubs.place-of-publicationAuckland, New Zealanden_US
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