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The relative value relevance of cash flow accounting disclosures by South African Banks
During recent decades, researchers have developed the value relevance method of accounting based research. Value relevance, at its core, attempts to describe the information usefulness of a disclosure figure in relation to the impact it has on the market values of a given stock. Much of the focus of...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2017
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| _version_ | 1867611276608274432 |
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| access_status_str | Open Access |
| author | Trehaeven, Jake |
| author2 | De Jager, Phillip |
| author_browse | De Jager, Phillip Trehaeven, Jake |
| author_facet | De Jager, Phillip Trehaeven, Jake |
| author_sort | Trehaeven, Jake |
| collection | Thesis |
| description | During recent decades, researchers have developed the value relevance method of accounting based research. Value relevance, at its core, attempts to describe the information usefulness of a disclosure figure in relation to the impact it has on the market values of a given stock. Much of the focus of this research, both internationally and locally, has been based on earnings or balance sheet disclosures with little attention being paid to other sections of disclosure. This study takes the use of value relevance methods one step further and analyses the information usefulness of operating cash flow disclosures of financial firms versus non-financial firms in a South African context. The study proceeds to explain and then test the presumption that the nature of the banking business model makes operating cash flow disclosures irrelevant; some interesting and somewhat counter-intuitive results are obtained. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/22954 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/22954 The relative value relevance of cash flow accounting disclosures by South African Banks Trehaeven, Jake De Jager, Phillip Financial Management During recent decades, researchers have developed the value relevance method of accounting based research. Value relevance, at its core, attempts to describe the information usefulness of a disclosure figure in relation to the impact it has on the market values of a given stock. Much of the focus of this research, both internationally and locally, has been based on earnings or balance sheet disclosures with little attention being paid to other sections of disclosure. This study takes the use of value relevance methods one step further and analyses the information usefulness of operating cash flow disclosures of financial firms versus non-financial firms in a South African context. The study proceeds to explain and then test the presumption that the nature of the banking business model makes operating cash flow disclosures irrelevant; some interesting and somewhat counter-intuitive results are obtained. 2017-01-23T12:07:54Z 2017-01-23T12:07:54Z 2016 Master Thesis Masters MCom http://hdl.handle.net/11427/22954 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Trehaeven, Jake The relative value relevance of cash flow accounting disclosures by South African Banks |
| thesis_degree_str | Master's |
| title | The relative value relevance of cash flow accounting disclosures by South African Banks |
| title_full | The relative value relevance of cash flow accounting disclosures by South African Banks |
| title_fullStr | The relative value relevance of cash flow accounting disclosures by South African Banks |
| title_full_unstemmed | The relative value relevance of cash flow accounting disclosures by South African Banks |
| title_short | The relative value relevance of cash flow accounting disclosures by South African Banks |
| title_sort | relative value relevance of cash flow accounting disclosures by south african banks |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/22954 |
| work_keys_str_mv | AT trehaevenjake therelativevaluerelevanceofcashflowaccountingdisclosuresbysouthafricanbanks AT trehaevenjake relativevaluerelevanceofcashflowaccountingdisclosuresbysouthafricanbanks |