Book-Tax Difference and the Value-relevance of Financial Statement

• Main Authors: Lee, PeiHsuan, 李沛萱
• Other Authors: Fan,Hungshu
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/23730615976595051897

碩士 === 輔仁大學 === 會計學系碩士班 === 102 === This study aims to examine the relation between Book-Tax Difference (hereafter, BTD) and value-relevance of Financial Statement. This study adopts the Ohlson (1995) model to examine the impact of book-tax differences on the value relevance of financial statement. The sample of this study consists of listed companies from 1991 to 2012 in Taiwan The empirical results show that more BTD makes the value-relevance of earnings decrease and that of equity book value increase. This study conducts several sensitivity tests, including splitting BTD into normal BTD and abnormal BTD test, adding discretionary accruals test, adding three control variables test, and electronics subsample/non-electronics subsample test. The results of these sensitivity tests are consistent with the main examination.