|Title: ||Value relevance of biological assets under IFRS in Asian nations
||Author(s): ||Tran T.P.T.
||Keywords: ||Accounting regulations; Biological assets; Fair value accounting; Historical cost
||Abstract: ||This chapter examines the value relevance of fair value (fv) accounting for biological assets under IAS 41 Agriculture, using a panel dataset extracted from listed firms in 10 Asian countries from 2014 to 2018. The model of Ohlson (1995) is adjusted to operationalize value relevance as the ability of book value to explain the market value. This chapter also compares countries valuing biological assets at historical cost (HC) and FV. The results of the study prove that recognized biological assets are value-relevant at FV, and more relevant than using the cost model. Therefore, the regulators, preparers of financial statements, and users can have better understanding of the valuation methods of biological assets and the market valuation implications of IAS 41.
||Issue Date: ||2021
||Publisher: ||World Scientific Publishing Co.
|Appears in Collections:||INTERNATIONAL PUBLICATIONS|