| Summary: | 碩士 === 國立高雄第一科技大學 === 財務管理所 === 95 === On December 25, 2003, Taiwan’s Financial Accounting Standards Committee of the Accounting Research and Development Foundation issued Statement No.34, “Accounting for the Financial Instruments: Recognition and Measurement”. This accounting standard was effective for financial year ending after December 31, 2005, but not with early application encouraged.
In order to cooperate a lot of countries dealt with the relevant accountant of the financial instruments in the world already gradually unanimous now, and make my Congress can be in line with international standards to deal with to count , benefit domestic enterprises, it is No. 39 that the Accountant Research and Development Foundation according to International Accounting Standard Committee Foundation , have announced that Taiwan’s Statements of Financial Accounting Standards No.34 “Accounting for the Financial Instruments: Recognition and Measurement” (SFAS No.34), and begin implementation since 2006.
This thesis draws on the method of event study and aims to investigate whether Statement No.34, “Accounting for the Financial Instruments: Recognition and Measurement” would cause irregular changes in stock price of listed companies.
The research findings are as follows: The issue of Statement No.34, “Accounting for the Financial Instruments: Recognition and Measurement.” makes listed companies seen with abnormal returns. Also, the drop of stock price reacts the event earlier.
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