Avsättningars värderelevans
Introduction: This thesis is about how the accounting entry provisions are linked to corporate market value. By statistically examining accounting and share data for 56 companies listed on NASDAQ OMX Stockholm, the question of whether accounting information regarding provisions are value relevant for investors is studied. Listed companies shall follow the rules of IAS 37 ? Provisions, Contingent liabilities and Contingent assets, when preparing financial statements.Aim: The purpose of this thesis is to examine the relationship between reported information about provisions and investors assessment of listed companies that comply with IFRS-regulations, by statistically testing the value relevance of the accounting entry.Method: The study is based on a quantitative, deductive methodological approach. The value relevance of provisions is examined by statistically testing the collected empirical data based on the two models that is described in the reference frame.Results: The conclusion to be drawn from the study is that reported provisions have no statistically significant association with return on shares and thus is not value relevant. The study shows a correlation between reported earnings and returns, which is in line with previous studies.Suggestions for future research: Based on the statistical tests, the study has revealed that the accounting entry provisions are not value relevant for investors. Something that could be interesting to further explore is why provisions are not value relevant.I also think it would have been interesting to closer examine which components of the reported results that are related to the return on the company's shares. A suggestion could be to examine this by combining a quantitative statistical study with qualitative interviews to gain a deeper understanding of the relationships that might arise.