This paper investigates the value-relevance of earnings and book value over 20 years of institutional transition in China, from 1991 to 2010, and explores the suitability of Fair Value Accounting (FVA) in the emerging capital market. In contrast to findings in the mature market, we find that the combined value-relevance of earnings and book value of listed firms in China has significantly incre...

The Malaysian Financial Reporting Standard 141 (MFRS 141) on agriculture requires all companies to measure their biological assets based fair value less cost sell. Some researchers argue that values of are not reliable and relevant whereas the others suggest they relevant. purpose this study is investigate relevance change in Malaysia, as measured accordance with MFRS 141. Specifically, investi...