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Qual è la grandezza di performance economica più significativa? Un’analisi empirica in Italia.
| Content Provider | Semantic Scholar |
|---|---|
| Author | Devalle, Alain Busso, Donatella Rizzato, Fabio |
| Copyright Year | 2015 |
| Abstract | Is there any “best performance measure” in financial statements? A highly controversial debate has risen in the academic and professional worlds for this issue. The aim of this paper is to verify if such a measure does exist for Italian listed companies’. In the analysis, we make reference to consolidated financial statements accounting data under IFRS. In order to assess the importance of performance measures the value relevance approach was used as “[…] the ability of financial statement information to capture or summarize information that affects share values” (Hellstrom, 2006). According to Ota (2003), the Price Regression Model (PRM) derives from Ohlson’s (1995) Linear Information Model (LIM). In our model, the dependent variable is the market capitalization and the independent variables are the following measures of performance: natural logarithm of Revenues, EBIT, EBITDA, EBIT, EBT, Net income, Comprehensive income. Results show that the regression model is significant and the most value relevant performance measures are Revenues and Net Income. This research contributes to both the understanding of the relevance of performance measures of accounting data and to the international debate on company performance measures that should be reported in the IFRS financial statement. |
| Starting Page | 1 |
| Ending Page | 26 |
| Page Count | 26 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.impresaprogetto.it/sites/impresaprogetto.it/files/articles/2015_3_devalle.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
