A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan
碩士 === 長榮大學 === 經營管理研究所 === 96 === Using quarterly financial statements on 30 banks of Taiwan over 2004-2007, this paper examines whether after and before the SFAS No.34 recognized fair value or history cost of financial instruments is value relevant. Besides, this paper examines whether after and b...
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ndltd-TW-096CJU054570332019-07-11T03:42:13Z http://ndltd.ncl.edu.tw/handle/c7dc9x A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan 財務會計準則第三十四號公報價值攸關性之研究-以台灣金融業為例 Ya-Shu Yang 楊雅姝 碩士 長榮大學 經營管理研究所 96 Using quarterly financial statements on 30 banks of Taiwan over 2004-2007, this paper examines whether after and before the SFAS No.34 recognized fair value or history cost of financial instruments is value relevant. Besides, this paper examines whether after and before the SFAS No.34 recognized fair value or history cost of financial instruments and corporate governance is value relevant. After the SFAS No.34 was published, the empirical results revealed that the financial asset of fair value, the fair value of available for sale financial asset, the history cost of held to maturity investment, the history cost of non-active market investment and the financial liability of fair value indeed provide incremental information content, but financial asset of history cost is not value-related. Before the SFAS No.34 was published, the empirical results revealed that the short investment, long investment, current liability and long liability indeed provide incremental information content;after the SFAS No.34 was published, the history cost and fair value information of financial asset and liability is more value-related than before the information of the SFAS No.34 was published. Moreover, after the SFAS No.34 was published, this paper finds that the unrealized valuation gain or loss of financial asset and liability on balance sheet and income statement are both value relevant. Before the SFAS No.34 was published, this paper finds that the unrealized valuation gain or loss of financial asset and liability on balance sheet is more value relevant than on income statement. Finally, this paper finds whether after and before the SFAS No.34 publishing, corporate governance indeed have great influence on the information content of recognized fair value or history cost of financial instruments. When board’s size is big and after the SFAS No.34 was published, this paper finds that financial asset and liability are less value relevant;before the SFAS No.34 was published, this paper finds that financial asset and liability are more value relevant. Besides, when artificial person’s stock is high and after or before the SFAS No.34 was published, this paper finds that financial asset and liability are more value relevant. Moreover, When excess control right is big and after or before the SFAS No.34 was published, this paper finds that financial asset and liability are less value relevant. Finally, when the transparency of information is high and after or before the SFAS No.34 was published, this paper finds that financial asset and liability are less value relevant. 丁碧慧 2008 學位論文 ; thesis 102 zh-TW |
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碩士 === 長榮大學 === 經營管理研究所 === 96 === Using quarterly financial statements on 30 banks of Taiwan over 2004-2007, this paper examines whether after and before the SFAS No.34 recognized fair value or history cost of financial instruments is value relevant. Besides, this paper examines whether after and before the SFAS No.34 recognized fair value or history cost of financial instruments and corporate governance is value relevant.
After the SFAS No.34 was published, the empirical results revealed that the financial asset of fair value, the fair value of available for sale financial asset, the history cost of held to maturity investment, the history cost of non-active market investment and the financial liability of fair value indeed provide incremental information content, but financial asset of history cost is not value-related. Before the SFAS No.34 was published, the empirical results revealed that the short investment, long investment, current liability and long liability indeed provide incremental information content;after the SFAS No.34 was published, the history cost and fair value information of financial asset and liability is more value-related than before the information of the SFAS No.34 was published.
Moreover, after the SFAS No.34 was published, this paper finds that the unrealized valuation gain or loss of financial asset and liability on balance sheet and income statement are both value relevant. Before the SFAS No.34 was published, this paper finds that the unrealized valuation gain or loss of financial asset and liability on balance sheet is more value relevant than on income statement.
Finally, this paper finds whether after and before the SFAS No.34 publishing, corporate governance indeed have great influence on the information content of recognized fair value or history cost of financial instruments.
When board’s size is big and after the SFAS No.34 was published, this paper finds that financial asset and liability are less value relevant;before the SFAS No.34 was published, this paper finds that financial asset and liability are more value relevant.
Besides, when artificial person’s stock is high and after or before the SFAS No.34 was published, this paper finds that financial asset and liability are more value relevant.
Moreover, When excess control right is big and after or before the SFAS No.34 was published, this paper finds that financial asset and liability are less value relevant.
Finally, when the transparency of information is high and after or before the SFAS No.34 was published, this paper finds that financial asset and liability are less value relevant.
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author2 |
丁碧慧 |
author_facet |
丁碧慧 Ya-Shu Yang 楊雅姝 |
author |
Ya-Shu Yang 楊雅姝 |
spellingShingle |
Ya-Shu Yang 楊雅姝 A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan |
author_sort |
Ya-Shu Yang |
title |
A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan |
title_short |
A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan |
title_full |
A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan |
title_fullStr |
A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan |
title_full_unstemmed |
A Study on Value Relevance of SFAS NO.34-instantiating for financial industry in Taiwan |
title_sort |
study on value relevance of sfas no.34-instantiating for financial industry in taiwan |
publishDate |
2008 |
url |
http://ndltd.ncl.edu.tw/handle/c7dc9x |
work_keys_str_mv |
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