Investigating the Value Relevance of Accounting Information using IFRS Adoption as a moderating variable An empirical study on firms listed in the Egyptian Stock Exchange

Abstract

This study examines the value relevance of accounting information. The sample included a combination of firms from the period 2012 to 2014 as a representative for Non-IFRS adoptions and from 2016 to 2018 as IFRS adoptions. Ohlson valuation model was used to examine the value relevance of accounting information. firm’s financial statements are used to collect data for the measuring variables, correlation, descriptive analysis and regression model are used to test our hypotheses. The results showed that there are a positive significant association between earning per share and market price per share and a negative insignificant association between Book value per share and market value per share. Results also found that the adoption of IFRS did not have significant impact on improving the value relevance of accounting information.