- Title
- Value relevance of accounting and other variables in the junior-mining sector
- Creator
- Iddon, Casey; Hettihewa, Samanthala; Wright, Christopher
- Date
- 2015
- Type
- Text; Journal article
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/76971
- Identifier
- vital:7633
- Identifier
-
https://doi.org/10.14453/aabfj.v9i1.3
- Identifier
- ISSN:1834-2000
- Abstract
- Unique fundamentals and severe uncertainty in the junior-mining-sector (JMS) make valuing JMS ventures problematic. However, potentially enormous returns draw many investors into the JMS. While financial-instrument-pricing theory suggests that accounting values/ratios should have little influence on JMS-firm outcomes, this study's simple OLS and Panel-data findings show strong correlation between those variables and JMS-firm-share prices. After discounting market failure, it is conjectured that JMS nonfinancial factors, share prices and accounting values are co-determined in a simultaneous relationship that is obscurely linked to outcomes. The notions uncovered in this study should greatly interest academics and business sector participants. © 2015 Australasian Accounting Business and Finance Journal and Authors.
- Publisher
- University of Wollongong
- Relation
- Australasian Accounting, Business and Finance Journal Vol. 9, no. 1 (2015), p. 25-42
- Rights
- Copyright © 2015 Australasian Accounting Business and Finance Journal and Authors.
- Rights
- Open Access
- Rights
- This metadata is freely available under a CCO license
- Subject
- 1501 Accounting, Auditing and Accountability; 1502 Banking, Finance and Investment; Accounting information; Firm valuation; Junior mining sector; Uncertainty
- Full Text
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