The Risk Information and Value Relevance of Financial Statements

• Main Authors: CHEN,GUAN-YU, 陳冠諭
• Other Authors: LIN,SHIH-CHIEH
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/9mudz2

碩士 === 靜宜大學 === 會計學系 === 107 === In recent years, changes in accounting policies have gradually moved toward reducing the information asymmetry of users of financial statements. For example, both IFRS7 and IFRS9 have adjusted for the disclosure of risk information, with the aim of making risk information change on financial statements. More transparent, making financial statement users more aware of the risks of the company. This paper examines the correlation between risk information and financial value, that is, whether risk information is reflected in financial statements. According to the model of Ohlson (1995), this paper also adds credit risk and price risk to discuss. The empirical results show that, regardless of any set of regression analysis, the risk level does not affect the correlation between book value and equity value, but it significantly affects the correlation between earnings and equity value, consistent with the hypothesis.