Value Relevance: Evidence from SEM-7 Firms on the Mauritian Equity Market

Subadar Agathee Ushad, S Fowdar, R V Sannassee and Mannowa Leckraj

The IUP Journal of Accounting Research and Audit Practices, 2008, vol. VII, issue 4, 17-27

Abstract: One of the main objectives of accounting systems is to provide investors with relevant information that may be useful in decision making for efficient resource allocation. This paper investigates the value relevance of accounting number in Mauritius through the implementation of six models. Hence, using a sample of all Mauritian firms listed on the SEM-7 for the period 1998-2005, the value relevance of book value, earnings and dividends are analyzed. Through various comparisons, the overall results of the study suggest that the Ohlson model is a better model in explaining share prices. Based on the above findings, the current issues that are hinging the stock market development along with their plausible solutions are subsequently discussed.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjar:v:07:y:2008:i:4:p:17-27

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