Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/25871 |
Resumo: | The purpose of this paper is to explore whether a relation exists between share market valuation and the accounting information about bearer plants and biological assets. The focus is supported in the most recent revision of IAS 41 Agriculture. This revision formally introduced the concept of bearer plants, moved them from biological assets to PP&E, and changed their prior measurement by the fair value model to the cost model. Our approach explores the usefulness of these changes under a valuation market approach. Our analysis settles that there is a positive association between share prices and agricultural-related assets. Overall, our results suggest that biological assets are value relevant and reveal that bearer plants are incrementally value relevant after IAS 41 revision. Besides, we envisage that these conclusions are driven by companies in countries where the value add of agriculture, forestry, and fishing as a percentage of the country’s GDP is lower. |
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Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 RevisionBiological assetsIAS/IFRSEuropean UnionValue relevanceThe purpose of this paper is to explore whether a relation exists between share market valuation and the accounting information about bearer plants and biological assets. The focus is supported in the most recent revision of IAS 41 Agriculture. This revision formally introduced the concept of bearer plants, moved them from biological assets to PP&E, and changed their prior measurement by the fair value model to the cost model. Our approach explores the usefulness of these changes under a valuation market approach. Our analysis settles that there is a positive association between share prices and agricultural-related assets. Overall, our results suggest that biological assets are value relevant and reveal that bearer plants are incrementally value relevant after IAS 41 revision. Besides, we envisage that these conclusions are driven by companies in countries where the value add of agriculture, forestry, and fishing as a percentage of the country’s GDP is lower.Universidade Federal Rural de Pernambuco2022-07-18T10:13:26Z2022-01-01T00:00:00Z20222022-07-18T11:12:22Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/25871eng1808-2882Bispo, T.Lopes, A. I.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:49:08Zoai:repositorio.iscte-iul.pt:10071/25871Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:24:03.885465Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision |
title |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision |
spellingShingle |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision Bispo, T. Biological assets IAS/IFRS European Union Value relevance |
title_short |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision |
title_full |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision |
title_fullStr |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision |
title_full_unstemmed |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision |
title_sort |
Exploring the value relevance of biological assets and bearer plants: An analysis with IAS 41 Revision |
author |
Bispo, T. |
author_facet |
Bispo, T. Lopes, A. I. |
author_role |
author |
author2 |
Lopes, A. I. |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Bispo, T. Lopes, A. I. |
dc.subject.por.fl_str_mv |
Biological assets IAS/IFRS European Union Value relevance |
topic |
Biological assets IAS/IFRS European Union Value relevance |
description |
The purpose of this paper is to explore whether a relation exists between share market valuation and the accounting information about bearer plants and biological assets. The focus is supported in the most recent revision of IAS 41 Agriculture. This revision formally introduced the concept of bearer plants, moved them from biological assets to PP&E, and changed their prior measurement by the fair value model to the cost model. Our approach explores the usefulness of these changes under a valuation market approach. Our analysis settles that there is a positive association between share prices and agricultural-related assets. Overall, our results suggest that biological assets are value relevant and reveal that bearer plants are incrementally value relevant after IAS 41 revision. Besides, we envisage that these conclusions are driven by companies in countries where the value add of agriculture, forestry, and fishing as a percentage of the country’s GDP is lower. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-07-18T10:13:26Z 2022-01-01T00:00:00Z 2022 2022-07-18T11:12:22Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/25871 |
url |
http://hdl.handle.net/10071/25871 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1808-2882 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Federal Rural de Pernambuco |
publisher.none.fl_str_mv |
Universidade Federal Rural de Pernambuco |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134802466570240 |