The Value Relevance of Comprehensive Income Items－Evidence from Taiwan

• Main Authors: Yu-Wen Hsiao, 蕭喻文
• Other Authors: 王泰昌
• Format: Others
• Language: zh-TW
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/09637968596375197777

碩士 === 國立臺灣大學 === 會計學研究所 === 102 === This paper studies whether the investors incorporates the information conveyed in the reporting of comprehensive income items and make investment decisions based on such information. Using firms listed in Taiwan from 2008 to 2013, I find that other comprehensive income is secondary in explaining the abnormal returns and neither does it complements the information generated from unexpected earnings. Comparing the disclosure before and after the adoption of IFRS, I find that disclosing the comprehensive income items in comprehensive income statement from statement of stockholders equity does not affect the value relevance. Finally, I find that the abnormal returns from the family group is sensitive to unexpected earnings but not to the comprehensive income items.