Please use this identifier to cite or link to this item:
|Title: ||其他綜合損益之價值攸關性：以 IFRS 9 為證據|
Value Relevance of Other Comprehensive Income: Evidence of IFRS 9
|Keywords: ||IFRS 9|
Other comprehensive income
|Issue Date: ||2021-02-01 13:58:48 (UTC+8)|
|Abstract: ||金融工具之會計處理及報導被視為最具爭議且複雜之領域。IFRS 9 自西元2018年 1月1日起適用，並改變金融工具以往IAS 39之分類方式，使得金融工具每一項目的分類有明確基礎，而與工具相關之評價也連帶影響其他綜合損益。本研究探討適用 IFRS 9後損益和其他綜合損益對股票報酬率的價值攸關性。此外，也在其他綜合損益組成項目上，以不可移轉及可移轉項目之性質來檢驗各組成項目之價值增額效果。研究結果顯示，在IFRS 9適用後損益和其他綜合損益之價值攸關性下降，尤以透過其他綜合損益衡量之權益工具未實現評價損益最為顯著。|
Accounting for Financial Instruments is regarded as one of the most complicated and difficult areas of financial reporting. IFRS 9 clarifies the way of financial instruments classification and recognition, which is totally different from that of IAS 39. The changes also affect the recognition of other comprehensive income (OCI). This study examines the value relevance of OCI and its components under IFRS 9. The results show that value relevance of net income and OCI reduces after the implementation of IFRS 9. Besides, the value relevance of non-transitory item, namely fair value through other comprehensive income (FVOCI) equity instrument, also weakens after the implementation of IFRS 9.
|Reference: ||Ball, R., and P. Brown. 1968. An empirical evaluation of accounting income numbers. Journal of Accounting Research 6(April):159-178.|
Bamber, L. S., J. X. Jiang, K. R. Petroni, and I. Y. Wang. 2010. Comprehensive income: Who's afraid of performance reporting? The Accounting Review 85(January): 97-126.
Barone, E., and B. Gullkvist. 2018. Academic literature review: Interaction of IFRS 9 and long-term investment decisions. European Financial Reporting Advisory Group (EFRAG).
Barth, M. E., W. H. Beaver, and W. R. Landsman. 2001. The relevance of the value relevance literature for financial accounting standard setting: Another view. Journal of Accounting and Economics 31(September): 77-104.
Beaver, W. H., J. W. Kennelly, and W. M. Voss. 1968. Predictive ability as a rriterion for the evaluation of accounting data. The Accounting Review 43(4): 675-683.
Beisland, L. A. 2009. A review of the value relevance literature. The Open Business Journal 2(April): 7-27.
Biddle, G. C., and J.-H. Choi. 2006. Is comprehensive income useful? Journal of Contemporary Accounting & Economics 2(June): 1-23.
Biddle, G. C., G.-S. Seow, and A. F. Siegel. 1995. Relative versus incremental information content. Contemporary Accounting Research 12(January): 1-23.
Black, D. E. 2016. Other comprehensive income: A review and directions for future research. Accounting and Finance 56(March): 9-45.
Bratten, B., M. Causholli, and U. Khan. 2016. Usefulness of fair values for predicting banks' future earnings: evidence from other comprehensive income and its components. Review of Accounting Studies 21(January): 280-315.
Brouwer, A., A. Faramarzi, and M. Hoogendoo. 2014. Does the new conceptual framework provide adequate concepts for reporting relevant information about performance. Accounting in Europe 11(2): 235-257.
Cahan, S. F., S. M. Courtenay, P. L. Gronewoller, and D. R. Upton. 2000. Value relevance of mandated comprehensive income disclosures. Journal of Business Finance & Accounting 27(September/October): 1273-1301.
Camfferman, K., and S. A. Zeff. 2015. Aiming for global accounting standards: the International Accounting Atandards Board, 2001-2011. Retrieved May 2020, from Oxford Shcolarship Online: https://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780199646319.001.0001/acprof-9780199646319-chapter-5
Chambers, D., T. J. Linsmeier, C. Shakespeare, and T. Sougiannis. 2007. An evaluation of SFAS No. 130 comprehensive income disclosures. Review of Accounting Studies 12(December): 557-593.
Cheng, C. A., J. K. Cheung, and V. Gopalakrishnan. 1993. On the usefulness of operating income, net income and comprehensive income in explaining security returns. Accounting and Business Research 23(91): 195-203.
Choi, J.-H., and Y. Zang 2006. Implication of comprehensive income disclosure for future earning and analysts’ forecasts. Seoul Journal of Business 12(December): 77-109.
Deol, H. 2013. The decision usefulness of comprehensive income reporting in Canada. Unpublished doctoral thesis, University of Calgary, Canada.
Detzen, D. 2016. From compromise to concept? - A review of ‘other comprehensive income’. Accounting and Business Research 46(7): 760-783.
Devalle, A., and R. Magarini. 2012. Assessing the value relevance of total comprehensive income under IFRS: An empirical evidence from European stock exchanges. International Journal of Accounting, Auditing and Performance Evaluation 8(1): 43-68.
Dhaliwal, D., K. R. Subramanyam, and R. Trezevant. 1999. Is comprehensive income superior to net income as a measure of firm performance? Journal of Accounting and Economics 26(January): 43-67.
Dong, M., S. Ryan, and X.-J. Zhang. 2014. Preserving amortized costs within a fair-value-accounting framework: reclassification of gains and losses on available-for-sale securities upon realization. Review of Accounting Studies 19(March): 242-280.
FASB. 1980. Concepts Statements No. 3: Elements of financial statements of business enterprises. Retrieved from Financial Accounting Standards Borad: https://www.fasb.org/jsp/FASB/Page/PreCodSectionPage&cid=1176156317989
Frendy, and H. Semba. 2017. Does recycling improve information usefulness of income? The case of Japan. Asian Review of Accounting 25(3): 376-403.
Günther, R. 2015. Value-relevance of other comprehensive income under IFRS. 4386. Dissertation of the University of St. Gallen, School of Management, Economics, Law, Social Sciences and International Affairs.
Gassen, J., and K. Schwedler. 2010. The decision usefulness of financial accounting measurement concept - Evidence from an online survey of professional investors and their advisors. European Accounting Review 19(September): 495-509.
Goncharov, I., and A. Hodgson. 2011. Measuring and reporting income in Europe. Journal of International Accounting Research 10(Spring): 27-59.
Hayn, C. 1995. The information content of losses. Journal of Accounting and Economics 20(September):125-153.
Hodgson, A., and M. Russell. 2014. Comprehending comprehensive income. Australian Accounting Review 24(June): 100-110.
Hung, M., and K. Subramanyam. 2007. Financial statement effects of adopting international accounting standards: The case of Germany. Review of Accounting Studies 12(December): 623-657.
International Accounting Standards Board. 2017. IFRS 9: Financial Instruments.
Jones, D. A., and K. J. Smith. 2011. Comparing the value relevance, predictive value, and persistence of other comprehensive income and special items. The Accounting Review 86(November): 2047-2073.
Kanagaretnam, K., R. Mathieu, and M. Shehata. 2009. Usefulness of comprehensive income reporting in Canada. Journal of Accounting and Public Policy 28(July/August): 349-365.
Lachmann, M., U. Stefani, and A. Wöhrmann. 2015. Fair value accounting for liabilities: Presentation format of credit risk changes and individual information processing. Accounting, Organizations and Society 41(February): 21-38.
Lin, S. 2007. Testing the information set perspective of UK Financial Reporting Standard No.3- Reporting Financial Performance. Journal of Business Finance & Accounting 33(July/August): 1110-1141.
Lin, S. W., O. J. Ramond, and J.-F. Casta. 2007. Value relevance of comprehensive income and its components: Evidence from major European capital markets.
Lin, S., D. Martinez, C. Wang, and Y.-w. Yang. 2018. Is other comprehensive income reported in the income statement more value relevant? The role of financial statement presentation. Journal of Accounting, Auditing & Finance 33(4): 624-646.
Louis, H. 2003. The value relevance of the foreign translation adjustment. The Accounting Review 78(October): 1027-1047.
Mechelli, A., and R. Cimini. 2014. Is comprehensive income value relevant and does location matter? A European study. Accounting in Europe 11(1): 59-87.
Pinto, J. 2005. How comprehensive is comprehensive income? The value relevance of foreign currency translation adjustments. Journal of International Financial Management and Accounting 16(June): 97-122.
Rambo, R. G., and C. L. Lousteau. 2003. Accounting for trading and available-for-sale investments. Journal of Accounting Education 21(April): 127-141.
Rees, L. L., and P. B. Shane. 2012. Academic research and standard-setting: The case of other comprehensive income. Accounting Horizons 26(December): 789-815.
Tarca, A., P. Hancock, D. Woodliff, P. Brown, M. Bradbury, and T. Van Zijl. 2008. Identifying decision useful information with the matrix format income statement. Journal of International Financial Management and Accounting 19(June): 184-217.
Van Cauwenberge, P., and I. De Beelde. 2007. On the IASB comprehensive income project: An analysis of the case for dual income display. ABACUS-A Journal of Accounting Finance and Business Studies 43(March): 1-26.
Wang, Y., W. Buijink, and R. Eken. 2006. The value relevance of dirty surplus accounting flows in the Netherlands. The International Journal of Accounting 41(December): 387-405.
|Source URI: ||http://thesis.lib.nccu.edu.tw/record/#G0107353014|
|Data Type: ||thesis|
|Appears in Collections:||[會計學系] 學位論文|
Files in This Item:
All items in 政大典藏 are protected by copyright, with all rights reserved.