Mostrar el registro sencillo del ítem
Efecto de la información contable y de mercado sobre los precios de las acciones después de la adopción de las Normas Internacionales de Información Financiera en Colombia
dc.contributor.advisor | Arroyave Cataño, Elizabeth Tatiana | |
dc.contributor.advisor | Marín Rodríguez, Nini Johana | |
dc.contributor.author | Álvarez Oquendo, Lina María | |
dc.coverage.spatial | Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | eng |
dc.coverage.spatial | Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degreesLong: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees | |
dc.date.accessioned | 2021-06-01T15:42:44Z | |
dc.date.available | 2021-06-01T15:42:44Z | |
dc.date.created | 2021-03-03 | |
dc.identifier.other | T 0083 2020 | |
dc.identifier.uri | http://hdl.handle.net/11407/6387 | |
dc.description | Este artículo examina el impacto de la aplicación de los Estándares Internacionales de Información Financiera (NIIF) en la calidad contable de la información de las empresas en la economía colombiana, respecto a su marco normativo local (COLGAAP); usando una muestra de 15 compañías que cotizan en Bolsa de Valores y durante los periodos 2010-2019. Se analiza la calidad contable desde 7 variables independientes: El EBITDA, los Activos Totales, el Patrimonio, la Eficiencia, el ROE, el ROA y el índice bursátil COLCAP. Los hallazgos sugieren un mejoramiento de la calidad contable, evidenciado a través de varios factores: primero, una mejoría sustancial en la revelación de los Activos; segundo, la adopción de las NIIF mejora el reconocimiento de los ingresos y costos operativos, y esto se refleja en el aumento de la calidad del EBITDA; tercero, un mayor poder explicativo del patrimonio dado el enfoque al valor razonable de las normas internacionales; cuarto, las NIIF tuvieron un impacto mayor en las empresas con mayor capitalización bursátil lo que se vio reflejado en la significancia de la variable Índice (COLCAP). | |
dc.description.abstract | This article examines the impact of the application of the International Financial Information Standards (IFRS) on the accounting quality of the information of companies in the Colombian economy, with respect to its local regulatory framework (COLGAAP); Using a sample of 15 companies listed on the Stock Exchange and during the periods 2010-2019. The accounting quality is analyzed from 7 independent variables: EBITDA, Total Assets, Equity, Efficiency, ROE, ROA and the COLCAP stock index. The findings suggest an improvement in accounting quality, evidenced by several factors: first, a substantial improvement in the disclosure of Assets; second, the adoption of IFRS improves the recognition of operating income and costs, and this is reflected in the increase in the quality of EBITDA; third, a greater explanatory power of equity given the approach to fair value of international standards; Fourth, IFRS had a greater impact on companies with the highest market capitalization, which was reflected in the significance of the Index variable (COLCAP). | |
dc.format.extent | p. 1-44 | |
dc.format.medium | Electrónico | |
dc.format.mimetype | application/pdf | |
dc.language.iso | spa | |
dc.publisher | Universidad de Medellín | spa |
dc.rights.uri | http://creativecommons.org/licenses/by-nc/4.0 | |
dc.subject | Principios de Contabilidad Generalmente Aceptados (PCGA) | |
dc.subject | Normas Internacionales de Información Financiera (NIIF) | |
dc.subject | Valor de mercado | |
dc.subject | Valor contable | |
dc.title | Efecto de la información contable y de mercado sobre los precios de las acciones después de la adopción de las Normas Internacionales de Información Financiera en Colombia | |
dc.rights.accessrights | info:eurepo/semantics/openAccess | |
dc.publisher.program | Maestría en Finanzas | |
dc.subject.lemb | Administración financiera - Normas | |
dc.subject.lemb | Bolsa de Valores - Colombia | |
dc.subject.lemb | Contabilidad - Normas | |
dc.subject.lemb | Contabilidad financiera - Normas | |
dc.subject.lemb | Estados financieros - Normas | |
dc.subject.lemb | Títulos valores - Colombia | |
dc.subject.keyword | Generally Accepted Accounting Principles (GAAP) | |
dc.subject.keyword | International Financial Reporting Standards (IFRS) | |
dc.subject.keyword | Market value | |
dc.subject.keyword | Book value | |
dc.relation.citationstartpage | 1 | |
dc.relation.citationendpage | 44 | |
dc.audience | Comunidad Universidad de Medellín | |
dc.publisher.faculty | Facultad de Ingenierías | |
dc.publisher.place | Medellín | |
dc.type.hasversion | info:eu-repo/semantics/publishedVersion | |
dc.type.hasversion | info:eu-repo/semantics/acceptedVersion | |
dc.relation.references | "Abeifaa Der, B., Polak, P., & Masri, M. (2016). ""Investigation on the value relevance of accounting information: evidence from incorporated companies in the Singapore capital market. Investment Management and Financial Innovations, 9-21. | |
dc.relation.references | Schaberl, P. D. (2016). Beyond accounting and back: An empirical examination of the relative relevance of earnings and ""other"" information. Advances in Accounting, 98-113. | |
dc.relation.references | Albornoz Noguer, B., & Illueca Muñoz , M. (2007). La Calidad de los Ajustes por Devengo No afecta al Coste de la deuda de las PYMES Españolas. Investigaciones Económicas, 79 - 117. | |
dc.relation.references | Alkali, M. Y., Zuru, N. L., & Kegudu, D. S. (2018). Book value, earnings, dividends, and audit quality on the value relevance of accounting information among Nigerian listed firms . Accounting 4, 73-82. | |
dc.relation.references | Barth, M., Beaver, W., & Landsman, W. (1998). Relative valuation roles of equity book value and net income as a function of financial health. Journal of Accounting and Economics, 1 - 34. | |
dc.relation.references | Black, R., & Hiroshi Nakao, S. (2017). Heterogeneity in earnings quality between different classes of companies after IFRS adoption: evidence from Brazil. Accounting and Finance Magazine, 117-136. | |
dc.relation.references | Boonlert-U-Thai, K., & Duangployb, O. (2015). The Relative Value Relevance of U.S. GAAP and IFRS. Global Business & Finance Review, 105-120. | |
dc.relation.references | Cahan, S. F., Emanuel, D., & Sun , J. (2009). The Effect of Earnings Quality and Country-Level Institutions on the value relevance of earnings. Review of Quantitative Finance and Accounting, 371-391. | |
dc.relation.references | Callao, S., Jarne, J. I., & Laínez, J. A. (2007). Adoption of IFRS in Spain: Effect on the comparability and relevance of financial reporting. Journal of International Accounting, Auditing and Taxation, 148-178. | |
dc.relation.references | Cardona Montoya, J. C., Gómez Sánchez, A. F., & Cano Morales, A. M. (2019). Impacto de los estándares internacionales de información financiera en la calidad contable:evidencia desde Latinoamérica y el Caribe. Contaduría y Administración 64, 1-37. | |
dc.relation.references | Católico Segura, D., Urbina Ayuré, J., & Gutiérrez Rojas, J. (2019). La incidencia de las Normas Internacionales de la Información Financiera sobre la revelación de la información contable en empresas Colombianas. Revista Científica de Contabilidad, 85-105. | |
dc.relation.references | Christensen, H. B., Hail , L., & Leuz , C. (2013). Mandatory IFRS reporting and changes in enforcement. Journal of Accounting and Economics, 147-177. | |
dc.relation.references | Clarkson, P., Douglas Hanna, J., Richardson, G., & Thompson , R. (2011). The impact of IFRS adoption on the value relevance of book value. Journal of Contemporary Accounting & Economics, 1-17. | |
dc.relation.references | Clout, V. J., & Willett, R. J. (2016). Earnings in firm valuation and their value relevance. Journal of Contemporary Accounting & Economics, 223-240. | |
dc.relation.references | Collins, D., Maydew, E., & Weiss, I. (1997). Changes in the value-relevance of earnings and book. Journal of Accounting and Economics, 39-67. | |
dc.relation.references | Consejo de Normas Internacionales de Contabilidad (IASB) . (04 de 2017). Ifrs.org. Obtenido de https://www.ifrs.org/-/media/project/pir-ifrs-13/published-documents/request-for-info-pir-ifrs-13-espana.pdf | |
dc.relation.references | Cuéllar Fernández, B., & Laínez Gadea, J. (2002). Factores determinantes del ratio Book- to- Market . Revista Española de Financiación y Contabilidad, 3. | |
dc.relation.references | Dapena, J. (2014). Valor de mercado y Valor Contable de la firma: Activos Intangibles y valor llave. Universidad del Cema, 1-33. | |
dc.relation.references | Elbakry, A. E., Nwachukwu, J. C., & Abdou, T. E. (2017). Comparative evidence on the value relevance of IFRS-based accounting information in Germany and the UK. Journal of International Accounting Auditing and Taxation, 10-30. | |
dc.relation.references | Fama, E., & French , K. (03 de 1995). Size and Book-to-Market Factors in Earnings and Returns. Obtenido de Wiley Online Library: https://onlinelibrary.wiley.com/doi/full/10.1111/j.1540-6261.1995.tb05169.x | |
dc.relation.references | Gobierno Nacional de Colombia. (29 de 12 de 1993). Alcaldía Mayor de Bogotá. Obtenido de http://www.alcaldiabogota.gov.co/sisjur/normas/Norma1.jsp?i=9863 | |
dc.relation.references | Grajales, Q. J., Cuevas, M. J., & Usme , S. W. (2013). Balance de las publicaciones sobre IFRS en dos revistas colombianas. Cuadernos de Contabilidad, 1183-1207. | |
dc.relation.references | Jones, S., & Finley, A. (2011). ¿Have IFRS made a difference to intra-country financial reporting? The British Accounting Review, 22-38. | |
dc.relation.references | Key, K. G., & Youn Kim, J. (2020). IFRS and accounting quality: Additional evidence from Korea. Journal of International Accounting, Auditing and Taxation, 1-11. | |
dc.relation.references | Lam, K. C., Heibatollah, S., & Haiyan, Z. (2013). Changes in the value relevance of accounting information over. Journal of Contemporary Accounting & Economics, 123-135. | |
dc.relation.references | Lam, K. C., Sami, H., & Zhou, H. (2013). Changes in the value relevance of accounting information over time: Evidence from the emerging market of China. Journal of Contemporary Accounting & Economics, 123-135. | |
dc.relation.references | Landsman, W. R., Maydew, E. L., & Thornock, J. R. (2012). The information content of annual earnings announcements. Journal of Accounting and Economics, 34-54. | |
dc.relation.references | Latridis, G. (2010). International Financial Reporting Standards and the quality of financial statement information. International Review of Financial Analysis, 193-204. | |
dc.relation.references | Lin, Z. J., & Chen, F. (2005). Value relevance of international accounting standards harmonization: Evidence from A- and B-share markets in China. Journal of International Accounting, Auditing and Taxation, 79-103. | |
dc.relation.references | Martín, A. (2018). Información Corporativa BBVA . Obtenido de BBVA España: https://www.bbva.com/es/diferencia-entre-precio-contable-y-de-mercado/ | |
dc.relation.references | Menezes da Silva, R. L., & Ciampaglia Nardi, P. C. (2017). Full adoption of IFRSs in Brazil: Earnings quality and the cost of. Research in International Business and Finance, 1057-1073. | |
dc.relation.references | Montllor, J., & Tarrazón, M. (1999). Rentabilidad de Mercado,Rentabilidad Contable y Modelo de valoración de acciones. Revista Española de financiación y Contabilidad, 327-353. | |
dc.relation.references | Munteanu, A., Brad, L., Ciobanu, R., & Dobre, E. (2014). IFRS adoption in Romania: the effects upon financial information and its relevance. Procedia Economics and Finance, 288 - 293. | |
dc.relation.references | Naimah, Z. (2012). BIAS IN ACCOUNTING AND THE VALUE RELEVANCE OF ACCOUNTING INFORMATION. 2nd Annual International Conference on Accounting and Finance, 145-156. | |
dc.relation.references | Nichols, D. C., & Wahlen, J. M. (2004). How Do Earnings Numbers Relate. ACCOUNTING HORIZONS, 263-286. | |
dc.relation.references | Niño Trepat, J., & Rivas Vergara, C. (2004). La razón Valor en Libros - Valor de Mercado: el caso Chileno. Análisis Económico, 155. | |
dc.relation.references | Niskanen , J., Kinnunen, J., & Kasanen, E. (2000). The value relevance of IAS reconciliation components: empirical evidence from Finland. Journal of Accounting and Public Policy, 119-137. | |
dc.relation.references | Novalvo Sanz, M. (20 de 04 de 2014). Cultura Financiera. Obtenido de https://www.novalvos.com/que-es-el-roe/ | |
dc.relation.references | Nurunnab, M. (2018). Perceived costs and benefits of IFRS adoption in Saudi Arabia: An exploratory study. Research in Accounting Regulation, 166-175. | |
dc.relation.references | Ohlson, J. A., & Feltham, G. A. (1995). Valuation and clean Surplus Accounting por Operating and Finacial Activities. Contemporany Accounting Research , 689. | |
dc.relation.references | República de Colombia. (2009,13 de julio). Ley 1314. Diario Oficial 47.409. Obtenido de https://www.funcionpublica.gov.co/eva/gestornormativo/norma.php?i=36833 | |
dc.relation.references | Rodríguez, M. d., Cortez Alejandro, K. A., Méndez Sáenz, A. B., & Garza Sánchez, H. H. (2017). ¿Does an IFRS adoption increase value relevance and earnings. Emerging Markets Review, 156-168. | |
dc.relation.references | Ryan , S. (1995). Un modelo de medición de acumulación con implicaciones para la evolución de la relación libro-mercado. Journal of Accounting Research, 95-112. | |
dc.relation.references | Schiebel, A. (2007). Value relevance of German GAAP and IFRS consolidated financial reporting: An empirical analysis on the Frankfurt Stock Exchange. Vienna University of Economics and Business Administration, 1-26. Obtenido de https://ssrn.com/abstract=916103 | |
dc.relation.references | Shapira, Y., Kenett, D., & Ben-Jacob, E. (2009). The Index cohesive effect on stock market correlations. THE EUROPEAN PHYSICAL JOURNAL B, 657-669. | |
dc.relation.references | Sloan, R. G. (1996). ¿Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings? The Accounting Review, 289-315. | |
dc.relation.references | Stevens, R. (05 de 04 de 2017). Rankia Colombia. Obtenido de https://www.rankia.co/blog/analisis-colcap/3527011-bolsa-valores-colombia-definicion-historia-cursos | |
dc.relation.references | Suardi, D., Bertolino , G., Díaz , T., Aparicio, S., Galante, S., Grisolía, M., . . . Variego , D. (2007). Las Categorías de Intangibles y su tratamiento Contable. Instituto de Investigaciones Teóricas y Aplicadas, Escuela de Contabilidad, 1-23. | |
dc.relation.references | Thirunavukkarasu, A., & Aybar, B. (2018). Emerging Market Multinationals: An Analysis of Performance and Risk Characteristics. Journal of Asia-Pacific Business, 5-39. | |
dc.relation.references | Trimble, M. (2018). A reinvestigation into accounting quality following global IFRS. Journal of International Accounting,Auditing and Taxation, 18-39. | |
dc.relation.references | Veras Machado, M. A., Da Silva Macedo, M. A., & Reis Machado, M. (2015). Analysis of the Relevance of Information Content of the Value Added Statement in the Brazilian Capital Markets. Revista Contabilidade & Finanças. | |
dc.relation.references | Yin, Y., Peasnell, K., & Hunt III, H. G. (2018). How do sell-side analysts obtain price-earnings multiples to value firms? Accounting and Business Research, 108-135." | |
dc.rights.creativecommons | Attribution-NonCommercial-ShareAlike 4.0 International | |
dc.type.local | Tesis de Maestría | |
dc.type.driver | info:eu-repo/semantics/masterThesis | |
dc.identifier.reponame | reponame:Repositorio Institucional Universidad de Medellín | spa |
dc.identifier.instname | instname:Universidad de Medellín | spa |
dc.description.degreename | Magíster en Finanzas | |
dc.description.degreelevel | Maestría | |
dc.publisher.grantor | Universidad de Medellín |
Ficheros en el ítem
Este ítem aparece en la(s) siguiente(s) colección(ones)
-
Tesis [673]