Proceedings of 26th International Business Research Conference
7 - 8 April 2014, Imperial College, London, UK, ISBN: 978-1-922069-46-7
Value Relevance of Accounting Number: Evidence from Banking
Industry in Selected Middle East countries
Mohamed Ariff bin Abdul Rahman*, Mohammed Fatty Elshahat **,
Wael M. Abd El Wahab *** and Muhd Kamil Ibrahim****
The value relevance of accounting numbers in banking industry is
examined. The Equity valuation model is used to permit net asset
value to have empirical coefficient values. The scope of this paper
covers selected Middle East banking industry from the year 2008 to
2012. This study finds evidence that investors use information in the
balance sheet and take into consideration on accounting numbers
when they value the banking industry.
Keywords: Market value, accounting number, book value, net asset value and Middle
East banking industry
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*Mr. Mohamed Ariff bin Abdul Rahman, Department of Accounting, Universiti Kuala Lumpur Business School,
Kampung Baru, 50300 Kuala Lumpur, Malaysia. Tel: +603-26810092 Fax: +603-2681-0185 Email:
mohamedariff@bis.unikl.edu.my
** Mohammed Fatty Elshahat, Benha University, Egypt.
*** Wael M. Abd El Wahab, Domietta University, Egypt.
****Muhd Kamil Ibrahim, Taibah University, Saudi Arabia.