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The Value Relevance Of Other Comprehensive Income And Its Components

Author

Listed:
  • Yousef Jahmani
  • Hae Yeon Choi
  • Yonpae Park
  • Gavin Jiayun Wu

Abstract

The value relevance of comprehensive income, other comprehensive income, and its components were investigated in this paper. Using data of S&P 500 for 2014 and utilizing the pricing model developed by Ohlson, the results suggest that both comprehensive income and other comprehensive income have no value relevance as measured by the coefficient of determination (R2). However, the components of other comprehensive income, such as derivatives, hedging and gains and losses from available for sale securities do have value relevance. The results of this research support the Financial Accounting Standard Board position on disclosure of other comprehensive income and its components

Suggested Citation

  • Yousef Jahmani & Hae Yeon Choi & Yonpae Park & Gavin Jiayun Wu, 2017. "The Value Relevance Of Other Comprehensive Income And Its Components," Accounting & Taxation, The Institute for Business and Finance Research, vol. 9(1), pages 1-11.
    • Handle: RePEc:ibf:acttax:v:9:y:2017:i:1:p:1-11
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    More about this item

    Keywords

    Value Relevance; Comprehensive Income; Other Comprehensive Income; Firm Value; Book Value;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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