The Most Value Relevant Accounting Performance Measure by Industry

Abstract

Standards (IFRS) by using more recent data. We also expand their research by examining the most value relevant performance measure for companies in the same industries from countries across the globe. Our study of both U.S. companies and non-U.S. companies that follow IFRS finds significant association between market performance and accounting performance measures. Our findings also indicate that for our sample data the most relevant accounting measure is return on assets (ROA).