Title

A structural analysis of the effects of conventional and non-conventional accounting measures on firm value among publicly-listed Philippine firms from 2012-2016

Date of Publication

2018

Document Type

Master's Thesis

Degree Name

Master of Science in Accountancy

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Adviser

Rodiel C. Ferrer

Defense Panel Member

Brian C. Gozun

Abstract/Summary

This thesis attempted to explain the gap between the book value and market value of shares by integrating a supplemental measure of intangibles via the Gu-Lev method. It hoped that by better explaining the economic determinants of firm value, managers will be guided in allocating resources in their operations. The structural equation models showed that advertising and capital expenditures are determinants of intangibility. This intangibility also explained a certain rate of stock market fluctuation but still calls for a better measurement of the variable. The results open more opportunities to improve the accounting for intangibles to shed light among stakeholders and understand better its effect on the market and operations.

Abstract Format

html

Language

English

Format

Electronic

Accession Number

CDTG007591

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

vii, 105 pages ; 30 cm. ; 1 computer optical disc ; 4 3/4 in.

Keywords

Stock exchanges--Philippines

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