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https://ptsldigital.ukm.my/jspui/handle/123456789/513661Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Norman Mohd Saleh, Prof. Dr. | - |
| dc.contributor.author | Asna Atqa Abdullah (ZP00087 ) | - |
| dc.date.accessioned | 2023-10-16T04:49:37Z | - |
| dc.date.available | 2023-10-16T04:49:37Z | - |
| dc.date.issued | 2016-04-05 | - |
| dc.identifier.other | ukmvital:94737 | - |
| dc.identifier.uri | https://ptsldigital.ukm.my/jspui/handle/123456789/513661 | - |
| dc.description | This study is motivated by the high frequency of loss occurrence since late 1990s among Malaysian public listed firms, and the conflicting findings of impact of the macroeconomic conditions and firm-specific attributes on different measures of earnings quality. In addition, this study examines the impact of firms‟ specific attributes on earnings quality using a better established theory, known as the life-cycle hypothesis. The objectives of this study are; (1) to examine the relationship between firms‟ loss condition on conservatism as an earnings quality measure as well as the moderation of macroeconomic condition on the relationship; (2) to examine the relationship between life-cycle stages and conditional conservatism as well as the incorporation of loss conditions and macroeconomic condition in the relationship. Samples for the study are companies listed on Bursa Malaysia from 1995 to 2010. Using the C_Score measure of conservatism as the dependent variable, firms with loss condition measured based on the occurrence of net negative income, have been found to be significantly more conservative than profit firms. In addition, macroeconomic condition, measured as the crisis period, strengthen the relationship between loss and conservatism when the results indicate that loss firms undergoing economic crisis are significantly more conservative than loss firms under normal economic condition. Incorporating the firms‟ life-cycle stages, the study found that growth firms signal fewer losses than mature firms, thus accepting the set hypothesis. However, the hypothesis that growth firms in loss condition signal more conditionally conservative earnings than mature firms is not supported. Finally, the relationship between the three main variables together, namely loss condition, macroeconomic condition and life-cycle stages, with conservatism results in partial support of the hypothesis. It is found that during crisis period, growth firms signal more conservative earnings than mature firms, but when the crisis factor is ignored, growth firms in loss condition signal significantly less conservative earnings than mature firms in loss condition. Besides, the sensitivity analysis on the three variables together shows that the hypothesis is rejected. As such, no significant and consistent relationship is found for growth, mature and decline firms in loss condition undergoing crisis period. Implication of this study is that ignorance of these issues could lead to significantly misleading interpretation of earnings quality.,Certification of Master's/Doctoral Thesis" is not available | - |
| dc.language.iso | eng | - |
| dc.publisher | UKM, Bangi | - |
| dc.relation | Graduate School of Business / Pusat Pengajian Siswazah Perniagaan | - |
| dc.rights | UKM | - |
| dc.subject | Loss | - |
| dc.subject | Conservatism | - |
| dc.subject | Macroeconomic | - |
| dc.subject | Firms' life-cycle | - |
| dc.subject | Universiti Kebangsaan Malaysia -- Dissertations | - |
| dc.title | The relationship between loss and conservatism and the moderation of macroeconomic condition: additional evidence of firms' life-cycle hypothesis | - |
| dc.type | Theses | - |
| dc.format.pages | 289 | - |
| dc.identifier.barcode | 002908(2017) | - |
| Appears in Collections: | Graduate School of Business / Pusat Pengajian Siswazah Perniagaan | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ukmvital_94737+SOURCE1+SOURCE1.0.PDF Restricted Access | 420.85 kB | Adobe PDF |  View/Open |
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