| Summary: | 碩士 === 逢甲大學 === 財稅學系 === 107 === In order to restore public trust in the financial statements, the International Accounting Standards Board (IASB) published the final version of IFRS 9 Financial Instruments in July 2014. This study examines the value relevance and risk relevance of the adoption of IFRS 9. This study also examines the value relevance and risk relevance of the IFRS 9 categories. Using a sample of Taiwanese listed firms from 2017 to 2018, this study finds that the adoption of IFRS 9 increases the value relevance of equity book value. This paper finds that unrealized gains (losses) on financial assets measured at fair value through other comprehensive income, gains (losses) on financial assets measured at fair value through profit or loss, and the impairment loss allowance are value-relevant. Financial assets measured at amortized cost, financial assets measured at fair value through other comprehensive income, financial assets measured at fair value through profit or loss, and gains (losses) on financial assets measured at fair value through profit or loss are risk-relevant.
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