Value Relevance of Comprehensive Income reported as per IFRS-converged Indian Accounting Standards

IF 2.5 Q2 ECONOMICS

Asia-Pacific Financial Markets Pub Date : 2023-09-15 DOI:10.1007/s10690-023-09422-x

Sushma Vishnani, Nityanand Deva, Dheeraj Misra

引用次数: 0

Abstract

The study probes comparative and additional value relevance of total comprehensive income and other comprehensive income, respectively, in the Indian context after adopting IFRS-converged accounting standards. The study sample comprises of 367 Indian non-financial companies. The period of study is F.Y. 2016–2017 to F.Y. 2019–2020. Results reveal both net profit and total comprehensive are value relevant, but the supremacy of neither of the two could be established based on our findings. Furthermore, other comprehensive income comes out to be additionally value relevant. The study's findings determine the decision usefulness of OCI and thus, provide useful insights to standard setting bodies.

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根据《国际财务报告准则》与《印度会计准则》的换算报告的综合收入的价值相关性

本研究探究了印度在采用《国际财务报告准则》（IFRS）与《国际财务报告准则》（IFRS）相融合的会计准则后，全面收益总额和其他全面收益分别具有的比较价值和附加价值。研究样本包括 367 家印度非金融公司。研究期间为 2016-2017 财年至 2019-2020 财年。研究结果表明，净利润和综合总额都与价值相关，但根据我们的研究结果，无法确定二者的优越性。此外，其他综合收益也具有额外的价值相关性。研究结果确定了其他综合收益的决策有用性，从而为准则制定机构提供了有用的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asia-Pacific Financial Markets ECONOMICS-

CiteScore

3.00

自引率

0.00%

发文量

期刊介绍： The current remarkable growth in the Asia-Pacific financial markets is certain to continue. These markets are expected to play a further important role in the world capital markets for investment and risk management. In accordance with this development, Asia-Pacific Financial Markets (formerly Financial Engineering and the Japanese Markets), the official journal of the Japanese Association of Financial Econometrics and Engineering (JAFEE), is expected to provide an international forum for researchers and practitioners in academia, industry, and government, who engage in empirical and/or theoretical research into the financial markets. We invite submission of quality papers on all aspects of finance and financial engineering. Here we interpret the term ''financial engineering'' broadly enough to cover such topics as financial time series, portfolio analysis, global asset allocation, trading strategy for investment, optimization methods, macro monetary economic analysis and pricing models for various financial assets including derivatives We stress that purely theoretical papers, as well as empirical studies that use Asia-Pacific market data, are welcome. Officially cited as: Asia-Pac Financ Markets