Naslov
Determinants of value relevance of accounting information: comparative analysis for listed companies from South East Europe

Autori
Pervan, Ivica ; Bartulović, Marijana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Recent Researches in Business & Economics / - , 2012, 146-151

ISBN
978-1-61804-102-9

Skup
4th WSEAS World Multiconference on Applied Economics, Business and Development

Mjesto i datum
Porto, Portugal, 01.07.2012. - 03.07.2012

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
accounting information; value relevance; cross country differences

Sažetak
In this paper authors analyzed determinates of the value relevance of accounting information on the sample of 97 listed companies from Slovenia, Croatia, Serbia and Bosnia & Herzegovina. More precisely, authors tried to determine which corporate governance and macro environmental factors explain observed differences in the value relevance between countries. Namely, although all previously mentioned countries are characterized by the same legal and corporate governance systems, empirical analysis has revealed significant differences in the value relevance of accounting information. Results show that it is possible to distinguish companies that belong into group of countries with lower value relevance from those that belong into group of countries with higher value relevance on the basis of the following variables: ownership concentration, audit quality, leverage, size of supervisory and management board and investor rights.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA