2009 Fiscal Year Final Research Report
Empirical Research on Comprehensive Income
| Project/Area Number |
19730307
|
|---|
| Research Category |
Grant-in-Aid for Young Scientists (B)
|
| Allocation Type | Single-year Grants |
|---|
| Research Field |
Accounting
|
|---|
| Research Institution | Konan University |
|---|
Principal Investigator |
WAKABAYASHI Hiromi Konan University, 経営学部, 教授 (20326995)
|
|---|
| Project Period (FY) |
2007 – 2009
|
| Keywords | 包括利益 / 当期純利益 / 価値関連性 / 持続性 / 予測可能性 / 利益調整 / 投資リスクの評価 / コンバージェンス |
|---|
| Research Abstract |
This study investigates whether net income is superior to comprehensive income as a measure of corporate performance. Based on 5 measurements, such as value relevance, persistency, predictability, risk assessment, and earnings management, I compare comprehensive income and net income. As a result, I generally find that net income is superior to comprehensive income in the light of explanatory power of stock return variation, risk valuation, earnings management, earnings persistency and predictability of future performance.
|
