기타포괄손익이 재무분석가 이익예측특성에 미치는 영향에 관한 연구

This study examines the effect of the size of other comprehensive income(OCI) on analysts’earnings forecast accuracy and earnings forecast dispersion. In particular, the research period was established before and after the introduction of K－IFRS to compare OCI information before and after it was reported in the body of the financial statements. The results of the empirical analysis are as follows. First, an analysis of the entire sample showed that although the size of OCI could not be observed to have a significant effect on earnings forecast accuracy, there is a significant effect on earnings forecast dispersion. Second, if an analysis was conducted on a sample prior to the introduction of K－IFRS, both the earnings forecast accuracy and the earnings forecast dispersion were not significantly related to the size of OCI. Finally, the results of the sample after the introduction of K－IFRS showed that, in contrast, the greater the size of OCI, the greater earnings forecast error and earnings forecast dispersion. In other words, although OCI information is provided in the capital market, no improvement in the information environment has been made, and it seems that information in OCI increases uncertainty after the introduction of K－IFRS. Consequently, the results of this study suggest that an entity needs to consider improvements in the context of providing implication in OCI and that it needs to make full use of that information from the perspective of interpreting it.