Many researches have been conducted on the effect of adoption of IFRS on value relevance of firms e.g. Ahmed and Goodwin [2006], Harris and Muller [1999], Bartov et al. [2005], Lin and Chen [2005], Horton and Serafeim [2006], Schiebel [2006] and Niskanen et al. [2000]. Even though they were...

The purpose of the paper is to investigate the value relevance of intellectual capital for the Italian investors. The paper uses the Ohlson model (1995) draws on 360 firm-year observations of the publicly listed companies on the Italian Stock Exchange between the years 2006 at 2008. It is...

Intangible assets are absent from traditional measures of value despite their growing importance in firms' capital stocks. We propose a simple improvement to the classic Fama and French (1992, 1993) value factor that incorporates intangibles and accounts for differences in accounting practices...