The value relevance of the foreign currency translation differences : a study of multinational oil and gas companies in Australia
Journal: Revista Tinerior Economisti(The Young Economists Journal), volume 1, issue 10 April, pages 52-63
Subject: International Accounting Standards, Current and Temporal Methods, Foreign Translation Differences, Functional Currency, Value Relevance
jel: jel:F3 | jel:F00
This paper investigates the relationship between foreign currency translation differences and changes in firm’s market equity value of the Australian multinational firms in the oil and gas industry. The paper empirically examines this relationship under the former Austr... View more
Competitive Strategies în European Banking”, Claredon Press, Oxford, 1994 AASB 121 The Effect of Change in Foreign Exchange Rates, AASB, Australian Government. Retrieved August 15, 2004 from http://www.aasb.com.au Common stochastic trend in a system of exchange rates.
Journal of Finance, 44, 167-187, 1989 Foreign currency exposure of multinational firms: Accounting measures and market valuation.
Contemporary Accounting Research, 14, 263-652, 1997 Accounting Handbook 2005. Australia: Pearson Australian Group Pty Ltd, 2005 Is comprehensive income superior to net income as a measure of firm performance? Journal of Accounting and Economics, 26, 43-46, 1999 Accounting for translation of foreign currencies: The effect of statement 52 on equity analysis. Norwalk. CT: FASB, 1987 The Australian Convergence Handbook (2nd ed.).
Australia: IASB and AASB, 2004 The Corporate Finance Reader (2nd ed.). New York: Blackwell, 1995 The information contained in the components of earnings.