When cross-listed firms report property, plant and equipment at fair market value, do they experience the economic benefit in terms of lower cost of equity capital?
When cross-listed firms report property, plant and equipment at fair market value, do they experience the economic benefit in terms of lower cost of equity capital?
Date
2010-12
Authors
Hlaing, Khin Phyo
Contributor
Advisor
Department
Instructor
Depositor
Speaker
Researcher
Consultant
Interviewer
Annotator
Journal Title
Journal ISSN
Volume Title
Publisher
[Honolulu] : [University of Hawaii at Manoa], [December 2010]
Volume
Number/Issue
Starting Page
Ending Page
Alternative Title
Abstract
Our research focuses on two issues. First, we examine why some foreign firms listed in the U.S. use fair market valuation for Property, Plant and Equipment, one important item of non-financial assets, while other foreign firms do not when the fair value option for non-financial assets is allowed under IFRS. We do this analysis by comparing the fundamental economic characteristics between these two groups of foreign firms (adopters/revaluers vs. non-adopters/non-revaluers) listed in the U.S. stock exchanges. Second, we test whether the use of fair market valuation by those foreign firms reduces their cost of capital. We do this analysis by comparing the cost of capital of listed foreign firms with that of the matching listed U.S. firms.
Description
M.Acc. University of Hawaii at Manoa 2010.
Includes bibliographical references.
Includes bibliographical references.
Keywords
fair markets valuation,
economic benefits,
equity capital
Citation
Extent
Format
Geographic Location
Time Period
Related To
Theses for the degree of Master of Accounting (University of Hawaii at Manoa). Accounting.
Table of Contents
Rights
Rights Holder
Local Contexts
Collections
Email libraryada-l@lists.hawaii.edu if you need this content in ADA-compliant format.