盈餘及股東權益調節數之價值攸關性－以採用國際會計準則之ADR發行公司為例_

:::

詳目顯示

第 1 筆 / 總合 1 筆

/1頁

論文基本資料
摘要
外文摘要
參考文獻

題名：	盈餘及股東權益調節數之價值攸關性－以採用國際會計準則之ADR發行公司為例
作者：	李先莉
作者(外文)：	Hsien-Li Lee
校院名稱：	國立臺北大學
系所名稱：	會計學系
指導教授：	黃瓊慧
學位類別：	博士
出版日期：	2009
主題關鍵詞：	國際財務報導準則；美國會計準則；攸關性；IFRS；U.S. GAAP；value relevance
原始連結：	連回原系統網址
相關次數：	被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0) 排除自我引用:0 共同引用:0 點閱:21

美國證管會於2007年11月15日同意到美國掛牌的外國公司，自2007年起，若採用國際財務報導準則編製財務報表，可以不必再依據美國會計準則進行調節。美國證管會並於2008年8月27日宣佈其全體委員同意美國上市公司遵循國際財務報導準則時程草案。雖然自FASB於2002年開始與IASB密切合作後，美國會計準則與國際財務報導準則的全面接軌是既定的趨勢，只是時間早晚的問題，但國際財務報導準則與美國會計準則之資訊是否同樣有用，實證資料是否支持美國證管會的改變值得探究。因此，本研究主要的目的在以2002-2007年發行美國存託憑證並採用國際財務報導準則的公司為樣本，分析國際財務報導準則與美國會計準則二種會計準則下盈餘與股東權益差異的程度及其攸關性。
本研究發現雖然自2005年起國際財務報導準則與美國會計準則下盈餘與股東權益的差異有縮小的趨勢，但仍有半數的樣本顯示盈餘的差異程度重大。實證結果顯示2002-2006年盈餘與股東權益的差異調節數具有資訊內涵，且本研究發現當2007年無調節資料可供參考時，投資人會根據以前年度調節資料推估可能的調節數，並據以評估公司價值的證據。因此，雖然FASB與IASB自2002年起致力消除美國會計準則與國際財務報導準則間準則的差異迄2007年已有多年，但不論以差異的程度或投資人的反應觀之，似乎均顯示，要消除二者間的差異需要相當的時間。

以文找文

SEC has agreed to accept foreign issuers IFRS financial statement without reconciliation to U.S. GAAP since 2007. Besides, SEC has proposed a Roadmap for the potential use of financial statements prepared in accordance IFRS by U.S. issuers on August 27th, 2008. Since the close cooperation between FASB and IASB in 2002, the converge between US GAAP and IFRS is the fixed trend soon or later; thus, closely concerned the difference between them will be helpful to determine the timing of total connection. Therefore, the main purpose of this study is to analyze the comparison between the value relevance of earnings and stockholders’ equity between IFRSs and US GAAP for non-U.S. firm.
In conclusion, even there was a trend of reducing difference between 2005 to 2006, there still had about 50% firms that their earnings difference under these 2 standards has more than 10% of their earnings. In addition, according to the empirical result of the price model, the difference between earnings and stockholders’ equity appear value relevant. Besides, this study also found that the estimated earnings and stockholder equity’s difference in 2007 are value relevant. Thus, even FASB and IASB have made great effort to eliminate the standard difference between U.S. GAAP and IFRSs since 2002 to 2007, regardless of the difference level or investors’ response, and it still needs to take certain time to eliminate the difference between them.

以文找文

Adamx, C.A., P. Weetman, E.A.E. Jones, and S.J. Gray, (1999). Reducing the burden of US GAAP reconciliations by foreign companies listed in the United States: the key question of materiality. The European Accounting Review 8(1), 1-22.

Amir, E., S. Harris, and E. Venuti. (1993). A comparison of the value-relevance of U.S. versus non-U.S. GAAP accounting measures using Form 20-F reconciliations. Journal of Accounting Research 31(3), 230-264.

Barth, M.E., W. Beaver, and W. Landsman (2001). The relevance of the value relevance literature for financial accounting standard setting: another view. Journal of Accounting and Economics 31(September), 77-104.

Barth, M.E. (2008). Global financial reporting : implications for U.S. academics. The Accounting Review 83(5), 1159-1179.

Bartov, E., S. Goldberg and Kim, M. (2005). Comparative Value Relevance Among German, U.S. and International Accounting Standards: A German Stock Market Perspective. Journal of Accounting, Auditing and Finance, 20(2), 95-119.

Blanco, J.L. U., and B. G. Osma. (2004). The comparability of international accounting standards and US GAAP: An empirical study of the Form 20-F reconciliations. International Journal of Accounting, Auditing and Performance Evaluation 1(1): 5-36.

Bradshaw, M., B. Bushee, and G. Miller, (2004). Accounting choice, home bias and U.S. investment in non-U.S. firms. Journal of Accounting Research, 42(5), 795-841.

Brown, S., Lo, K., Lys, T., (1999) Use of R-squared in accounting research: measuring changing in value relevance over the last four decades. Journal of Accounting and Economics, 28(2), 83-115.

Chen, L. H. and H. Sami, (2008). Trading Volume Reaction to the Earnings Reconciliation from IAS to U.S. GAAP. Contemporary Accounting Research, 25(1), 15-53.

Chan, K.C., and G.S. Seow, (1996). The association between stock returns and foreign GAAP earnings versus earnings adjusted to U.S. GAAP. Journal of Accounting and Economics 21(1), 139-158.

Fulkerson, C. L., and G. K. Meek, (1998). Analysts’ earnings forecasts and the value relevance of 20-F reconciliations from non-U.S. to U.S. GAAP. Journal of International Financial Management and Accounting, 9, 1-15.

Gray, S.J. (1980). The impact of international accounting differences from a security-analysis perspective: some European evidence. Journal of Accounting Research 18(1), 64-76.

Haverty, J. L. (2006). Are IFRS and U.S. GAAP converging? Some evidence from People’s Republic of China companies listed on the New York Stock Exchange. Journal of Accounting, Auditing and Taxation, 15(1), 48-71.

Harris, M.S., Muller, K.A., III. (1999). The market valuation of IAS versus US-GAAP accounting measures using Form 20-F reconciliations. Journal of Accounting and Economics 26(1-3), 285-312.

Hung, M., and K. R. Subramanyam, (2007). Financial statement effects of adopting international accounting standards : the case of Germany. Review of Accounting Studies 12(4), 623-657.

Kyaychenko, V., and P. Shum, (2009). Who holds foreign stocks and bonds ? Characteristics of active investors in foreign securities. Financial Services Review 18(1), 1-21.

Leuz, C. (2003). IAS versus US GAAP: Information Asymmetry-Based Evidence from Germany’s New Market. Journal of Accounting Research 41 (3), 445-472.

Lewis, K. (1999) Trying to explain the home bias in equities and consumption. Journal of Economic Literature 37(3), 571-608.

McEnroe, J. E., and M. Sullivan, (2006). Individual investors’ attitudes towards listing requirements for foreign entitles on U.S. stock exchanges and the promulgation of international accounting standards. Journal of International Accounting, Auditing and Taxation 15(2), 215-225.

Meulen S. Van der, A. Gaeremynck, and M. Willekens, (2007). Attribute differences between U.S. GAAP and IFRS earnings: An exploratory study. The International Journal of Accounting 42(2), 123-142.

Pownall, G., and K. Schipper, (1999). Implications of Accounting Research for the SEC’s Consideration of International Accounting Standards for U.S. Securitirs Exchange. Accounting Horizons, 13(3), pp.259-280.

Salwen, K.G., (1991). Breeden rejects big board plan to relax listing standards for foreign concerns. The Wall Street Journal, May, 3, C7.

SEC (1996). Press Release April 11.

Street, D.L., N. B. Nichols, and Gray, S.J. (2000). Assessing the acceptability of International Accounting Standards in the US: an empirical study of the materiality of US GAAP reconciliations by non-US companies complying with IASC standards. The Journal of International Accounting 35(1), 27-63.

Tesar, L., and I. Werner. (1995). Home bias and high turnover. Journal of International Money and Finance 14,(4) 467-93.

Weetman, P., E. A. E. Jones, C. A. Adams, and S. J. Gray. (1998). Profit Measurement and UK Accounting Standards: A Case of Increasing Disharmony in Relation to US GAAP and IASs. Accounting and Business Research 28(3), 189-208.

推文
推薦
引用網址
引用嵌入語法
轉寄

top

:::

相關期刊
相關論文
相關專書
相關著作
熱門點閱

1.	Earnings Quality during SFAS-to-IFRS Conversion in Taiwan

無相關博士論文

無相關書籍

無相關著作

無相關點閱

QR Code

臺灣人文及社會科學引文索引資料庫系統

詳目顯示

臺灣人文及社會科學引文索引資料庫