The Effect of the Practice of IFRS on Accounting Information Value Relevance-Major Shareholders, Directors and Supervisors Stake as Moderator

• Main Authors: Chun-hao Chen, 陳俊豪
• Other Authors: Chu-yang Chien
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/21768980800524650574

碩士 === 國立雲林科技大學 === 會計系碩士班 === 101 === In order to meet international trends, countries around the world gradually begin to take International Financial Reporting Standards. Because of the upcoming practice of IFRSs in Taiwan in 2013, the listed companies in OTC or TSE in Taiwan start to take new standards since 2012 because this makes them easier to make comparative statements. It is generally recognized that IFRSs is principles-based and looser than rules-based US GAAP, US Generally Accepted Accounting Principles. Therefore, we explore the relevance in the practice of IFRSs and also investigate if corporate governance can raise value relevance of accounting information under circumstances of IFRSs. Our study takes Ohlson (1995) equity valuation models and targets on listed electronic companies of Taiwan. We explore the influence of accounting information and corporate governance on the value relevance with periods from 2011 to2012 (September). The empirical results indicate that earnings per share is with more value relevance in the practice of IFRSs. Furthermore, corporate governance can make earnings per share with more value relevance.