| Pre-IFRS Result of Listed Non-Financial Firms in South Africa | |||||||
| Study Variables | ASP | BVPS | EPS | FS | LEV | CF | CURR |
| ASP | 1.000 |
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| BPS | 0.0048 | 1.000 |
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| EPS | 0.1944 | 0.0885 | 1.000 |
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| FSZ | 0.4539 | 0.0295 | 0.2010 | 1.0000 |
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| LEV | 0.0958 | −0.0316 | −0.0525 | 0.0623 | 1.0000 |
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| OCF | 0.2941 | 0.0616 | 0.0683 | 0.5914 | 0.0189 | 1.0000 |
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| CUR | −0.0880 | −0.0278 | −0.0308 | −0.1179 | −0.0501 | −0.0379 | 1.0000 |
| Post-IFRS Result of Listed Non-Financial Firms in South Africa | |||||||
| Study Variables | ASP | BVPS | EPS | FS | LEV | CF | CURR |
| ASP | 1.000 |
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| BPS | 0.0388 | 1.000 |
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| EPS | 0.2834 | 0.0375 | 1.000 |
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| FSZ | 0.3385 | 0.2164 | 0.1240 | 1.0000 |
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| LEV | 0.0197 | 0.0429 | −0.0349 | 0.0318 | 1.0000 |
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| OCF | 0.3086 | 0.0108 | 0.2459 | 0.2631 | −0.0083 | 1.0000 |
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| CUR | −0.1016 | −0.0537 | −0.0649 | −0.0850 | 0.0230 | −0.0744 | 1.0000 |