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The Value Relevance Of The Performance Of Listed Italian Companies Following The Introduction Of The Ias/Ifrs

  • Stefano Azzali


    (University of Parma Parma, Italy)

  • Luca Fornaciari


    (University of Parma Parma, Italy)

  • Caterina Pesci


    (University of Parma Parma, Italy)

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    This paper aims to offer a contribution to the area of value relevance studies. The analyzed var- iables are therefore partly accounting-related and partly market-related. The specific research area considered concerns the role of the International Accounting Standards (IAS/IFRS), investigating whether the adoption of IAS/IFRS has led to a greater correlation between some important financial statement values (net income, comprehensive income and equity) and stock market capitalization in comparison with ante-IAS/IFRS period. The study focuses on the Italian situation, analyzing a sample of 122 companies listed on the Milan Stock Exchange. We analyse a period of six years (2003-2008). The research shows specific results on the value relevance of accounting information referred to in- dustrial and financial sectors, and to net income in comparison with comprehensive income.

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    Article provided by Alexandru Ioan Cuza University, Faculty of Economics and Business Administration in its journal Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi.

    Volume (Year): 2011SE (2011)
    Issue (Month): (july)
    Pages: 3-18

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    Handle: RePEc:aic:journl:y:2011:v:se:p:3-18
    Contact details of provider: Postal: Universitatea Al. I. Cuza; B-dul Carol I nr. 22; Iasi
    Phone: 004 0232 201070
    Fax: 004 0232 217000
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