Value Relevance of Comprehensive Income

被引：12
|
作者：
Khan, Shahwali [1 ]
Bradbury, Michael E. [2 ]
Courtenay, Stephen [2 ]
机构：
[1] Inst Management Sci, Hayatabad Peshawar, Pakistan
[2] Massey Univ, Private Bag 102 904 NSMC, Auckland 0632, New Zealand
来源：
AUSTRALIAN ACCOUNTING REVIEW | 2018年 / 28卷 / 02期
关键词：
DISCLOSURES; MODELS;
D O I：
10.1111/auar.12181
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we investigate the value relevance of comprehensive income and its components for a sample of 92 New Zealand companies over the period 2003-2010. We find a stronger association of aggregate comprehensive income with stock price and market returns relative to net income. The change in the asset revaluation reserve and the change in fair value of available-for-sale securities drive this association. However, foreign currency translation and cash flow hedges are also associated with prices and returns.
引用
收藏
页码：279 / 287
页数：9
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