- Tytuł:
- Relevance of Discretionary Accruals Information (DAI) in Ohlson model: the case of Mexico
- Autorzy:
-
Durán-Vázquez, Rocío
Lorenzo-Valdés, Arturo
San Martín-Reyna, Juan Manuel - Powiązania:
- https://bibliotekanauki.pl/articles/475165.pdf
- Data publikacji:
- 2012
- Wydawca:
- Fundacja Upowszechniająca Wiedzę i Naukę Cognitione
- Tematy:
-
financial markets
Jones and Ohlson Models
econometric estimation - Opis:
- This study applied the modified Jones´ model (1991) for selected companies of Mexico. This model aims to assess the impact of Discretionary Accrual Information (DAI) on financial reporting statements, in order to identify the value relevance of “earnings quality”. We applied methodological criteria of Chung et al (2005) and Mukit & Iskandar (2009). We analyzed financial information of the 35 stock included in the Index of Prices and Quotations (IPC) of the Mexican Stock Exchange (BMV) for the period 2000 to 2011. 19 companies met the specifications of the model, for 48 quarters of information. The analysis was done in three parts: first, an analysis of the modified Jones´ model under panel data considerations by using fixed effects and adjustments of performing autocorrelation of order 1; second, a correlation analysis between the residuals of the modified Jones´model and the return of stock price in 3 annual closings years of study: 2007, 2008 and 2009; and third, we incorporated this variable (DAI) in the Ohlson model (of the financial and corporate accounting literature) and we tested it with panel data analysis, under fixed effects, throughout the study period.
- Źródło:
-
Journal of Entrepreneurship, Management and Innovation; 2012, 8, 3; 21-34
2299-7075
2299-7326 - Pojawia się w:
- Journal of Entrepreneurship, Management and Innovation
- Dostawca treści:
- Biblioteka Nauki
Artykuł