Masotti, Maria Elisa (A.A. 2021/2022) Value relevance of financial and non-financial disclosures: theoretical aspects and empirical evidence from companies listed on the Italian stock exchange. Tesi di Laurea in Equity markets and alternative investments, Luiss Guido Carli, relatore Marco Morelli, pp. 131. [Master's Degree Thesis]

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Abstract/Index

Introduction to creative accounting. Drivers and motives. The ethics of earnings management. The methodologies. Real earnings management. The theoretical rationale behind creative accounting. Managerial takeaways. The concept of value relevance. The value relevance of accounting information and models review. Ohlson’s model regressions. The new frontier of value relevance: the introduction of disclosure of non-financial information. The value relevance of non-financial disclosures. Incentives for the production and release of non-financial information. The value relevance of NDFI and its impact on market valuation. Regulatory framework. Theoretical background and literature review. The original model. The value relevance of ESG disclosures: evidence on companies listed on Milan’s stock exchange. Presenting the research. Literature review and hypothesis development. Study design and methodology. Model specification. Results and empirical implications. Additional remarks.

References

Bibliografia: pp. 103-116.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Equity markets and alternative investments
Thesis Supervisor:	Morelli, Marco
Thesis Co-Supervisor:	Traficante, Guido
Academic Year:	2021/2022
Session:	Autumn
Deposited by:	Alessandro Perfetti
Date Deposited:	09 Feb 2023 16:00
Last Modified:	09 Feb 2023 16:00
URI:	https://tesi.luiss.it/id/eprint/35061

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