The effect of No.34 on the value relevance of thecomponent of financial statement
碩士 === 輔仁大學 === 會計學系碩士班 === 95 === This study is aimed at exploring the effect of SFAS No.34 on the value relevance of financial statement components. This research classifies balance sheet components into five categories: 1. fair-value based financial assets; 2 non fair-value based financial asset...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/95923052785835751292 |
| Summary: | 碩士 === 輔仁大學 === 會計學系碩士班 === 95 === This study is aimed at exploring the effect of SFAS No.34 on the value relevance of financial statement components. This research classifies balance sheet components into five categories: 1. fair-value based financial assets; 2 non fair-value based financial assets; 3. other assets; 4. fair-value based financial liabilities; 5. other liabilities. Moreover, this study classifies income statement components into two categories: 1. SFAS No.34 based income; 2. other income.
The empirical results show that the coefficient on the fair-value based financial assets is significantly greater than that of other assets. But the coefficient on the fair-value based financial assets is lower than that of non fair-value based financial assets. The absolute value of the coefficient on the fair-value based financial liabilities is significantly greater than that of other liabilities. This results evidence that investors rely more on the fair-value based financial assets and financial liabilities in stock valuation. Furthermore, the value relevance of SFAS No.34 based income is lower than that of other income. This result shows that the persistence of SFAS No.34 based income is lower that of other income.
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