| dc.contributor.author | Valltoft, Cathrine Olsen | |
| dc.contributor.author | Beckman, Anna Natalia | |
| dc.date.accessioned | 2018-02-01T10:15:31Z | |
| dc.date.available | 2018-02-01T10:15:31Z | |
| dc.date.issued | 2017 | |
| dc.identifier.uri | http://hdl.handle.net/11250/2481165 | |
| dc.description | Masteroppgave(MSc) in Master of Science in Business, Business law, tax and accounting - Handelshøyskolen BI, 2017 | nb_NO |
| dc.description.abstract | Companies disclose alternative performance measures, either to provide useful
information to the market, or for strategic purposes which can be misleading.
Using traditional price regressions, this study examines the value relevance of
alternative performance measures and whether alternative performance measures
are more value relevant than financial statement measures. The sample consists of
the 100 largest companies on the Oslo Stock Exchange with quarterly data from
2012 to 2016. We found alternative performance measures to be value relevant for
investors on the Oslo Stock Exchange. Further, we conclude that alternative
performance measures are more value relevant than financial statement measures;
however, this result should be interpreted with caution due to limited statistically
significant results. The findings of this study suggest that companies disclose
alternative performance measures to inform rather than mislead the market.
Keywords: Alternative Performance Measures; Non-GAAP Measures; Pro Forma;
Value Relevance | nb_NO |
| dc.language.iso | eng | nb_NO |
| dc.publisher | BI Norwegian Business School | nb_NO |
| dc.subject | forretningsjus | nb_NO |
| dc.subject | skatt | nb_NO |
| dc.subject | regnskap | nb_NO |
| dc.subject | business law | nb_NO |
| dc.subject | tax | nb_NO |
| dc.subject | accounting | nb_NO |
| dc.title | The value relevance of alternative performance measures : empirical evidence from the Oslo stock exchange | nb_NO |
| dc.type | Master thesis | nb_NO |
