Value Relevance of Taiwan’s SFAS NO.10

• Main Authors: Yun-Hsuan Hsu, 許云瑄
• Other Authors: HsuanWang
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/05142401743042281332

碩士 === 元智大學 === 商學碩士班(會計學程) === 100 === The primary goal of this research is to discover the effect that how investors would evaluate financial reports after SFAS NO.10, has being put into practice and expect that investors would contribute to inventory evaluation. The 4,614 samples used in this research are national listed and over the counter companies between 2007 and 2010, and Ohlson(1995) procedure is adopted to analyze accounting subjects, which are processed following SFAS NO.10. 1. Accounting subject, which is processed following SFAS NO.10, has positive value of imaginary variables. This supports that the value of financial statement composed of subjects has increased regards to the price of stock market. 2. Although all values of the imaginary variables are greater than the values which are not processed following the 10th principle, the t value, which is the coefficient in imaginary variable of Extraordinary item Income before deduction of the gain recovery of inventory in model(2), does not increase significantly. Therefore, this research holds the assumption off. However the dependent variable (EBEI_AFI_dummy) does not include the balance of SFAS NO.10, this report does not reject the assumption of this research. 3. According to the two conclusions above, coefficients are all increased after being processed following SFAS NO.10. Therefore, this research has proved the assumption that financial report is more valuable after being processed following SFAS NO.10.