A Study on the Value Relevance of Taiwan Accounting Standards and International Accounting Standards’s Difference Number

• Main Authors: Ciou,Yi-Han, 邱意涵
• Other Authors: 謝永明
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/51194395918992858537

碩士 === 東吳大學 === 會計學系 === 101 === Financial statements being crucial basis as investors making their policies, financial statements of a company should be able to present its financial substance. In recent years, as there being financial scandles in the States, plus the rise of the European Union economy overnight, every country tries to keep their Accounting Standards integration high up with International Financial Reporting Standards (IFRS) in their own ways. However, whether principled basis and fair value-oriented accounting standards really affect the quality of accounting information and the value relevance of financial statement? The main idea of this paper is to analyze whether the difference of financial statements between Taiwan’s original accounting standards and IFRS will affect the value relevance of financial statements, and further analyze whether adoption of IFRS makes local entity’s financial statements got more value relevance. In this paper, Ohlson Accounting Evaluation Model is used to measure true value of company, with a sample data from 2011 to 2012 of listed companies in Taiwan stock exchange markets. The main data source is Taiwan Economic Journal (TEJ) database and information of company’s semi-annual financial statement disclosures. The empirical results show that: for the listed companies in Taiwan, the adoption of IFRS, increase their value relevance for the information of stock price. It represents Taiwan listed companies after adoption of IFRS, their financial statements can express true value of company further.