K-IFRS 도입에 따른 포괄손익의 기업가치 관련성

This study verified the relative importance between the net income and the total comprehensive income and additional explanatory power of the other comprehensive income on the net income by expanded Ohlson(1995) model in order to evaluate the effects of the net income and the total comprehensive income publicly announced in the statement of comprehensive income on the equity value, and the verified results are same as follows:① Significant differences were not appeared between the net income and the total comprehensive income in respect of explaining the equity value. ② The other comprehensive income was turned out to have additional explanatory power on the net income in explaining equity value. When synthesizing the above results, implications on them are like the following. ① The evidence such like there are no differences in relative importance about value relevance between the net income and the total comprehensive income publicly announced in the statement of comprehensive income and the equity value means that total comprehensive income in which other comprehensive income, unrealized income was modified to realized net income cannot be interpreted as a representative single indicator in measuring the corporate performance. ② The empirical evidence on additional explanatory power about of other comprehensive income on the equity value implies that other comprehensive income that is publicly announced by adding the net income of the statement of comprehensive income applied from 2011 provides the additional information to users of accounting information in the investment decision-making.