ScholarWorks@숙명여자대학교

초록

The study on the value relevance of OCI(other comprehensive income) is regarded as a new area after the IFRS has been adopted. In this research not only the value relevance of OCI using the separate financial statements and consolidated financial statements but also the changes on value relevance of OCI after the new K-IFRS 1109 is empirically tested. The new standard requires that the OCI amounts due to the changes of the fair value of equity instruments shall not be subsequently transferred to profit or loss. The OCI as well as the book value of net asset, net income have significant influence on the stock price in both of the separate and consolidated financial statements. Among the OCI, the OCI which is subsequently reclassified to profit or loss has the positive value relevance on the stock price. However, the value relevance of OCI which is not reclassified is not found. The OCI of financial asset measured at fair value through other comprehensive income has no value relevance after the new K-IFRS 1109 has been applied.

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