| Summary: | 碩士 === 國立高雄應用科技大學 === 會計系碩士在職專班 === 104 === Taiwan is a trading nation, capital markets and financial markets is the blood of economic development , stability and development of the stake is also the national economy and society. 2008 global financial tsunami occurred , not only the impact of the world financial industry and capital markets , but also hit the global real economy.
Taiwan in 2009 annuities EAC officially announced in 2013 formally adopted comprehensive international accounting standards (IFRS), with international practice, what happens to the conversion rate of return on the stock worth watching , this paper was collected from 2010 to 2014 in Taiwan listed company sample cabinet , observation of international accounting Standards (IFRS) before the implementation of the late change of stock returns.
In this study, from 2010 to 2014 in Taiwan listed counters companies object insights cabinet company financial report, for the "whole industry", "verticals", "each year" and "before and after IFRS international accounting standards" in different directions, etc. comparison for analysis and observation.
From the empirical results show that:
1.variable annual observation of the dummy variable, whether it is a "whole industry" or "verticals", after the implementation of IFRS on the company, the investor does matter. Compliance: H3, after the implementation of IFRS for annual stock-based compensation, have significant influence.
2.the amount of change in earnings per share, "the whole industry," according to the "verticals", "by year", "before and after the implementation of IFRS," the implementation of IFRS and the company stock returns have relevance. Compliance: a hypothesis earnings per share is higher, the higher the annual stock-based compensation, but also in line: two hypotheses on the amount of change in earnings per share in stock-based compensation was positively correlated.
3.In other industries, the electronic industry as the most significant, other industries are not significant. Corollary of all listed companies, more than half are of the electronics industry, more than enough sample size. Regression analysis to annual dummy variable, the amount of change in earnings per share and the market value of the significant value of P = 0.000 <0.05, the estimated coefficient is positive direction, it is in line with: H3, annualized return on equity positively correlated after the implementation of IFRS.
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