TY  - JOUR
T1  - Value Relevance of Financial Restatements: Malaysian Perspective
AU - Ali, Mazurina Mohd AU - Besar, Syarifah Saffa` Najwa Tuan AU - Mastuki, Nor Azam 
JO  - Journal of Engineering and Applied Sciences
VL  - 13
IS  - 4
SP  - 804
EP  - 808
PY  - 2018
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2018.804.808
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2018.804.808
KW  - Value relevance
KW  -financial restatements
KW  -Malaysia
KW  -market
KW  -earnings
KW  -book
AB  - The purpose of this study is to examine whether the market perceives financial restatements as an
important factor when it determines the value of the company. The sample comprises of 250 public listed
companies on the Main Board or the Second Board of Bursa Malaysia for the years between 2005 and 2015. A
multivariate regression analysis is used by employing the Ohlson’s valuation model and it is based on the
methodology developed by Davis-Friday, Eng and Liu. The study finds no significant relationship between
financial restatement and firm value. However, the results highlight that the equity book value and earnings
reported in the financial statement is value-relevant for investors in assessing Malaysian firm’s value.
ER  -