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The Stock Price Valuation of Earnings Per Share and Book Value: Evidence From Tunisian Firms

Author

Listed:
  • AHMADI, ALI

    (Faculty of Economic and Management of Sfax, Tunisia)

Abstract

Without making any distinction of the applicable accounting standards, the aim of this paper is to present a comparative analysis of accounting value relevance of earnings and book value, of firms listed in Tunisian Stock Exchange. The findings provide that the book value is more relevant than the earnings per share, whilst the combined value relevance of book value and earning has declined when firms have negative earnings. The important contribution of this study is documenting the decreasing of value relevance of negative earnings and the increasing value relevance of book value in the variation of share prices.

Suggested Citation

  • Ahmadi, Ali, 2017. "The Stock Price Valuation of Earnings Per Share and Book Value: Evidence From Tunisian Firms," Journal of Internet Banking and Commerce, , vol. 22(01), pages 01-11, April.
    • Handle: RePEc:ris:joibac:0096
    as

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    More about this item

    Keywords

    Accounting Information; Value Relevance; Earnings; Book Value; Stock Price;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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