Revista Egitania Sciencia - Volume 7 | ARTICLE

Title: ANALYSIS OF THE LOSS OF IMPORTANCE OF THE ACCOUNTING SYSTEMS: AN APPLICATION OF THE MODEL OF OHLSON IN THE SECTOR OF THE CAR

Author: Teresa Duarte Atoche (tduarte@us.es), J. Ángel Pérez López (jangel@us.es), J. Antonio Camúñez Ruiz (camunez@us.es) e Inés Moreno Campos (ines@us.es)

Publication: Revista Egitania Sciencia - Volume 7

Abstract:
Background, For several decades, the gap between the financial information presented by companies and the information needs of users have been of concern and interest in the academic field. Empirical evidence drew attention to the need for international regulatory bodies are involved in this problem and provide a solution to the deterioration of the usefulness of financial information. Currently, the Financial Accounting Standards Board and the International Accounting Standards Board are working on the harmonization of accounting standards internationally. Objective: This research will attempt to examine empirically the deterioration of the usefulness of accounting information systems by estimating the market value of listed companies in capital markets. Methodology and sample: We use as basis function, the model of Ohlson (1995) and from the same, we will develop two valuation functions derived from the corresponding linear information dynamics (LID). The sample consists of companies listed on United States and the United Kingdom and belonging to the automotive industry. The time horizon analyzed comprises 10 years. Results and conclusions: Tested the loss of usefulness of accounting systems as a result of the taking of relevant events that accounting systems do not collect, such as investments in R & D, we consider it necessary that the major regulatory bodies worldwide, the FASB and the IASB, to improve their standards of intangibles.

Keywords: International Accounting Standards, Ohlson Model, market value




               INSTITUTO POLITÉCNICO DA GUARDA | Av. Dr. Francisco Sá Carneiro, 50 | 6300 - 559 Guarda | Tel.+351271220100 | Fax +351271222690