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Value relevance of IFRS 16: A study of the stock market reaction
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2019 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

From the 1st of January companies will start to use the new accounting standard IFRS 16, and by this all leases that companies have will be recognized in the balance sheet. The implementation will have several effects on the balance sheet and the income statement and therefore change key ratios that investors use. This studies purpose is the examine how the Swedish stock market reacts during the implementation of IFRS 16.The study uses the event study method for 319 different stock on the Nasdaq OMX Stockholm stock market and uses a regression to see if the changes from IFRS 16 have an effect on the abnormal return. Although, the study finds no significant abnormal return and the implementation has low impact. Hence the study concludes that the operating leases were already incorporated during before the implementation.

Place, publisher, year, edition, pages
2019. , p. 25
Keywords [en]
IFRS 16, accounting, value relevance, debt overhang
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-396058OAI: oai:DiVA.org:uu-396058DiVA, id: diva2:1366555
Educational program
Master's Programme in Accounting and Financial Management
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Examiners
Available from: 2019-10-30 Created: 2019-10-29 Last updated: 2020-02-24Bibliographically approved

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fulltext(780 kB)74 downloads
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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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