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dc.contributor.authorValltoft, Cathrine Olsen
dc.contributor.authorBeckman, Anna Natalia
dc.date.accessioned2018-02-01T10:15:31Z
dc.date.available2018-02-01T10:15:31Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/11250/2481165
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Business law, tax and accounting - Handelshøyskolen BI, 2017nb_NO
dc.description.abstractCompanies 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 Relevancenb_NO
dc.language.isoengnb_NO
dc.publisherBI Norwegian Business Schoolnb_NO
dc.subjectforretningsjusnb_NO
dc.subjectskattnb_NO
dc.subjectregnskapnb_NO
dc.subjectbusiness lawnb_NO
dc.subjecttaxnb_NO
dc.subjectaccountingnb_NO
dc.titleThe value relevance of alternative performance measures : empirical evidence from the Oslo stock exchangenb_NO
dc.typeMaster thesisnb_NO


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