| Summary: | 碩士 === 國立成功大學 === 會計學系碩博士班 === 94 === On July 1st, 2004, Taiwan’s Financial Accounting Standards Committee of the Accounting Research and Development Foundation issued Statement No.35, “Accounting for the Impairment of Assets”. This accounting standard was effective for financial year ending after December 31, 2005, with early application encouraged. This thesis draws on the method of event study and aims to investigate whether Statement No.35, “Accounting for the Impairment of Assets,” would cause irregular changes in stock price of listed companies, and tries to establish the regression model for analyzing the relationship between stock price changes and corporate financial structures.
The research findings are as follows:
I. The issue of Statement No.35, “Accounting for the Impairment of Assets,” makes listed companies seen with negatively abnormal returns. Also, the drop of stock price reacts the event earlier.
II. For listed companies, CAR are negatively related to fixed assets/total asset ratio and positively related to market value/book value ratio and return on equity.
|
|---|
