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dc.contributor.authorStenheim, Tonny
dc.contributor.authorBeckman, Anna Natalia
dc.contributor.authorValltoft Olsen, Cathrine
dc.contributor.authorMadsen, Dag Øivind
dc.date.accessioned2019-01-09T09:11:53Z
dc.date.available2019-01-09T09:11:53Z
dc.date.created2019-01-03T16:18:49Z
dc.date.issued2018
dc.identifier.citationJournal of Governance and Regulation. 2018, 7 (4), 27-41.nb_NO
dc.identifier.issn2220-9352
dc.identifier.urihttp://hdl.handle.net/11250/2579861
dc.descriptionThis work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International Licensenb_NO
dc.description.abstractCompanies disclose alternative performance measures (APMs), either to provide useful information to the market, or strategically in order to mislead the market. Using traditional price and return regressions, this study examines the value relevance of APMs and whether such measures are more value relevant than financial statement measures. The sample consists of the 100 largest companies listed on the Oslo Stock Exchange with quarterly data from 2012 to 2016. The authors find APMs to be value relevant for investors on the Oslo Stock Exchange. Furthermore, the authors conclude that APMs are more value relevant than financial statement measures. However, this finding should be interpreted with caution since the results are of limited statistical significance. Overall, the findings of this study suggest that companies disclose APMs to inform rather than mislead the market.nb_NO
dc.language.isoengnb_NO
dc.relation.urihttps://virtusinterpress.org/The-value-relevance-of-alternative-performance-measures-Evidence-from-the-Oslo.html
dc.rightsNavngivelse-Ikkekommersiell 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/deed.no*
dc.titleThe Value Relevance of Alternative Performance Measures: Evidence from the Oslo Stock Exchangenb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.rights.holder© 2018 The Authorsnb_NO
dc.source.pagenumber27-41nb_NO
dc.source.volume7nb_NO
dc.source.journalJournal of Governance and Regulationnb_NO
dc.source.issue4nb_NO
dc.identifier.doi10.22495/jgr_v7_i4_p4
dc.identifier.cristin1649894
cristin.unitcode222,57,3,0
cristin.unitnameInstitutt for økonomi, markedsføring og jus
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode1


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