The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks

Detalhes bibliográficos
Autor(a) principal: Portas, José Afonso Cunha Sales
Data de Publicação: 2018
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/51782
Resumo: In 2016, the Angolan banking sector mandatorily adopted the International Financial Reporting Standards (IFRS). Its effects on the cost of equity, exceedingly high in Angolan banks and a key variable to attract investors, are controversial, with some literature suggesting it decreases after the adoption. This paper examines the impact of mandatory IFRS adoption on the cost of equity, in Angolan banks in the period 2012-2016. The results show that the adoption of IFRS is not relevant in explaining the cost of equity, on the short-term, contrary to other company-specific variables, such as size, leverage, ROA, auditors’ opinion and ownership concentration.
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spelling The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan BanksAngolaBanking sectorCost of equityIAS/IFRSMandatory adoptionDomínio/Área Científica::Ciências Sociais::Economia e GestãoIn 2016, the Angolan banking sector mandatorily adopted the International Financial Reporting Standards (IFRS). Its effects on the cost of equity, exceedingly high in Angolan banks and a key variable to attract investors, are controversial, with some literature suggesting it decreases after the adoption. This paper examines the impact of mandatory IFRS adoption on the cost of equity, in Angolan banks in the period 2012-2016. The results show that the adoption of IFRS is not relevant in explaining the cost of equity, on the short-term, contrary to other company-specific variables, such as size, leverage, ROA, auditors’ opinion and ownership concentration.Ferreira, LeonorCardoso, FernandoRUNPortas, José Afonso Cunha Sales2018-11-15T12:57:44Z2018-06-062018-06-06T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/51782TID:201974681enginfo: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:RCAAP2024-03-11T04:25:52Zoai:run.unl.pt:10362/51782Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:32:29.086912Repositório 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 The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
title The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
spellingShingle The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
Portas, José Afonso Cunha Sales
Angola
Banking sector
Cost of equity
IAS/IFRS
Mandatory adoption
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
title_full The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
title_fullStr The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
title_full_unstemmed The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
title_sort The impact of mandatory adoption of the international financial reporting standards on the cost of equity: evidence from Angolan Banks
author Portas, José Afonso Cunha Sales
author_facet Portas, José Afonso Cunha Sales
author_role author
dc.contributor.none.fl_str_mv Ferreira, Leonor
Cardoso, Fernando
RUN
dc.contributor.author.fl_str_mv Portas, José Afonso Cunha Sales
dc.subject.por.fl_str_mv Angola
Banking sector
Cost of equity
IAS/IFRS
Mandatory adoption
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Angola
Banking sector
Cost of equity
IAS/IFRS
Mandatory adoption
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description In 2016, the Angolan banking sector mandatorily adopted the International Financial Reporting Standards (IFRS). Its effects on the cost of equity, exceedingly high in Angolan banks and a key variable to attract investors, are controversial, with some literature suggesting it decreases after the adoption. This paper examines the impact of mandatory IFRS adoption on the cost of equity, in Angolan banks in the period 2012-2016. The results show that the adoption of IFRS is not relevant in explaining the cost of equity, on the short-term, contrary to other company-specific variables, such as size, leverage, ROA, auditors’ opinion and ownership concentration.
publishDate 2018
dc.date.none.fl_str_mv 2018-11-15T12:57:44Z
2018-06-06
2018-06-06T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/51782
TID:201974681
url http://hdl.handle.net/10362/51782
identifier_str_mv TID:201974681
dc.language.iso.fl_str_mv eng
language eng
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.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
repository.mail.fl_str_mv
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