A Study on the Stock Market Reaction of the Adjustments of Accounting Change from IAS 39 to IFRS 9
| Autor: | CHEN, LEE-JUNG, 陳俐蓉 |
|---|---|
| Rok vydání: | 2019 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 107 Effective for annual periods beginning on 1 January 2018 in Taiwan, IFRS 9 specifies how an entity should classify and measure financial assets, and this study mainly focuses on the equity investments. Firms listed in Taiwan are required to disclose reconciliations in their consolidated financial reports in the first quarter of 2018 that give sufficient details to enable users to understand the material adjustments to the statement of financial position. This study expects that the transition from IAS 39 to IFRS 9 will likely cause the changes of the reclassification and measurement of equity investment in financial reports; which will, in turns, affect the stock-valuation decisions of investors. Event study methodology is applied to examine investors' reaction to the adjustments of accounting changes from IAS 39 to IFRS 9. This study found that there are positive relations between SCAR of event period and adjustments of reclassification from cost to fair value, which means that the equity remeasurement from reclassification has value relevance. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|