| Summary: | 碩士 === 國立高雄應用科技大學 === 會計系 === 106 === The purpose of this study is to investigate whether the enterprise in the conversion to IFRS will influence firm’s value relevance. The companies listed on Taiwan Economic Journal (TEJ) in 2013-2015 were used as the samples of this study. The data used are selected based on the criteria required in this study. This study used pooled all years sample and individual year sample. The total sample in this study is 4496 by using pooled all years while the total of sample public-listed enterprises in Taiwan by using individual years (2013-2015) 1464, 1504, and 1528. The data statistically analysed by using SPSS 20. The statistical analysis in this study conducted are the descriptive statistics, the classical assumption test, Pearson correlation, multiple linear regression analysis, Coefficient of determination, t-value, and p-value.
The findings of this study suggest that after adopting IFRS, the change in cash generated from operating activities have a significant effect on stock price only in 2014, but change in cash flow has no significant influence on stock price after adopting IFRS. Book value per share and earnings per share show consistent results for 3 years. This result states that these variables have a significant effect on stock price. Therefore, investors can use information from book value per share and earnings per share as one of relatively easy obtainable information for consideration in making investing decision. On the other hand, investors should consider also with cash flow information because these variables can assess the company’s ability to generate the profit.
|
|---|
