Comparative Value Relevance Among ROC GAAP and IFRS

• Main Authors: Chien-Yu Chen, 陳建昱
• Other Authors: Shu-hsing Wu
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/75448550831203026944

碩士 === 長榮大學 === 經營管理研究所 === 102 === Using a retrospective reconciliation data set in 2012 from Taiwan stock market, obtains accounting data under ROC GAAP and under IFRSs, this study compare the value relevance of accounting information under IFRSs and ROC GAAP. In addition, this study examine weather regonition of the change in fair value gain and losses in the income statement is value relevance. This study finds that accounting information under ROC GAAP and IFRSs is value relevant. hweover, there is no difference in explanatory power of accounting information under IFRSs and ROC GAAP. We also find that IFRSs adjustment to earnings are value relevant, but the adjustment to books value are not value relevant. Finally, this study does not find that regonition of the change in fair value gain and losses in the income statement is not value relevance. The results are robust after controlling for "company's size", "company's growth", "profit or loss".