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A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates
Thesis (PhD)--University of Pretoria, 2014.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2015
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| _version_ | 1867613491039305728 |
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| access_status_str | Open Access |
| author2 | Brummer, L.M., 1940- |
| author_browse | Brummer, L.M., 1940- |
| author_facet | Brummer, L.M., 1940- |
| collection | Thesis |
| dc_rights_str_mv | © 2015 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Thesis (PhD)--University of Pretoria, 2014. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/45908 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:59.347Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/45908 A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates Brummer, L.M., 1940- De Wet, Johannes H.v.H. (Johannes Hendrik van Heerden) Badenhorst, Wessel M. UCTD Thesis (PhD)--University of Pretoria, 2014. This study investigates several of the mandatory disclosures for investments in associates. An important investigation of this study is whether or not the information content in disclosed fair values for investments in associated companies subsumes their equity accounted carrying amounts. The study modifies existing value-relevance models for its purposes and compares alternative measurement bases for investments in associates by investigating the significance of changes in error terms. Differences across time and between countries are investigated utiling various statistical approaches as well as an indicator variable approach. Findings suggest that equity accounted carrying amounts and disclosed fair values of listed associates are incrementally value-relevant. This implies that investors utilise fundamental information of the associate to develop their own intrinsic valuation of listed associates, which is not equal to current market values. However, this does not equally apply in the case of unlisted associates, where disclosed fair values are not incrementally value-relevant to equity accounted carrying amounts. Other findings suggest that the value-relevance of the equity accounted carrying amounts and disclosed fair values of associates differ significantly across time and between countries for both listed and unlisted associates. In addition, findings confirm that an exceptional economic event, such as the global financial crisis of 2007–2008, impacts significantly on the overall value-relevance of accounting information. Lastly, findings of this study imply that the disclosed summarised financial information of associates, although not individually value-relevant, is incrementally value-relevant when considered as a group. tm2015 Financial Management PhD Unrestricted 2015-07-02T11:05:56Z 2015-07-02T11:05:56Z 2015/04/20 2014 Thesis Badenhorst, WM 2014, A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates, PhD Thesis, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/45908> A2015 http://hdl.handle.net/2263/45908 en © 2015 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates |
| title | A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates |
| title_full | A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates |
| title_fullStr | A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates |
| title_full_unstemmed | A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates |
| title_short | A multi-dimensional analysis of the value-relevance of fair value and other disclosures for investments in associates |
| title_sort | multi dimensional analysis of the value relevance of fair value and other disclosures for investments in associates |
| topic | UCTD |
| url | http://hdl.handle.net/2263/45908 |