 THE USEFULNESS OF SEGMENT REPORTING IN HONG KONG LISTED FIRMS: AN EMPIRICAL ASSESSMENT OF IFRS NO. 8Yuanyuan Li, Jamal Roudaki and Christopher Gan Review of Applied Economics, 2013, vol. 09, issue 01-2 Abstract: IFRS 8 and its counterpart HKFRS 8 supersedes IAS 14 and HKAS 14 in 2006 to upgrade segment information disclosure that is increasingly becoming important financial information in investment decision making. There is little understanding of the changes in the quality of firms’ segment disclosure as a consequence of implementing the new standard in Hong Kong’s unique political and economic environment. This study attempts to document the usefulness of segment information disclosure by Hong Kong listed firms as a consequence of implementing HKIFRS 8. The study employs the value relevance of accounting information theory as a measure of usefulness of segment disclosure where segmental data are analysed by the portfolio return approach and regression analysis. The purposive sampling method is used to obtain samples from Hong Kong listed firms. The study results indicate that implementation of HKIFRS 8 has improved the usefulness of segment information disclosed by Hong Kong listed firms. Keywords: Financial Economics; Industrial Organization (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:reapec:264590 Access Statistics for this article More articles in Review of Applied Economics from Lincoln University, Department of Financial and Business Systems Contact information at EDIRC. |
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