Rozainun Abdul Aziz

Value Relevance of Book Value and Earnings: Evidence from Two Different Financial Reporting Regimes

This study aimed at investigating the value relevance of book value and earnings and the relationship between earnings and operating cash flow of two different financial reporting regimes in Malaysia. A market and nonmarket valuation approaches were utilised for that purpose. The result of market valuation approach of pool sample shows that book values and earnings are value relevant. We also observed that the change in financial reporting regime affects significantly the value relevance of book value and but not earnings. While book value and earnings are value relevant during the MASB period, only book value is value relevance during the FRS period. The result of non‐market valuation approach on the other hand, shows that the change in financial reporting regime has no significant effect on the relationship between earnings and operating cash flow. The result of market valuation approach implicates that the introduction of new or improved standards under FRS regime strengthen the position of book value thus leaving earnings behind in equity valuation. The result of non‐market valuation model implicates that the level of relationship between earnings and operating cash flow persists as long as operating cash flow comprise of cash and cash equivalent components whereas earnings comprise of cash and accruals components. The study contributes to the existing literature in the area of the effect of adoption of FRS on value relevance of accounting numbers in Malaysia.

The Relevance of Balanced Scorecard in Predicting Future Market Price

This paper investigates the ability of Balanced Scorecard (BSC) measures in predicting future market price. A 6-year data of Malaysian listed firms was selected as sample. The results show that firms BSC measures are able to predict future market price of Malaysian firms.

The promotion of electronic filing technology

Electronic tax filing system or e-filing was introduced in Malaysia in 2006. It is one of the e-government applications that has the potential in ensuring the tax collection process efficiently. However, there are many excuses given by the taxpayers for not using the e-filing service provided by the government. Hence, taxpayer behavior really affects revenue collection for the country. The research postulates two objectives namely; to investigate the taxpayers awareness on the availability of the electronic services offered by Lembaga Hasil Dalam Negeri Malaysia (LHDNM) and to analyse the feedback on the system. Data were collected using questionnaire adapted from Siegels model known as electronic filing model of motivation (e-MAM), developed in 2008. The findings of the research show that respondents are aware of the services offered by LHDNM and they find the system easy to use and convenient.

RETRACTED ARTICLE: The relevance of balanced scorecard in predicting future market price

This paper investigates the ability of Balanced Scorecard (BSC) measures in predicting future market price. A 6-year data of Malaysian listed firms was selected as sample. The results show that firms BSC measures are able to predict future market price of Malaysian firms.

Notice of Retraction The relevance of balanced scorecard in predicting future market price

This paper investigates the ability of Balanced Scorecard (BSC) measures in predicting future market price. A 6-year data of Malaysian listed firms was selected as sample. The results show that firms BSC measures are able to predict future market price of Malaysian firms.