Download This PaperValue Relevance of Comprehensive Income
45 Pages Posted: 7 Jan 2014
Date Written: January 6, 2014
Abstract
We investigate the value relevance of comprehensive income its components for a sample of 92 New Zealand Firms over the period 2003-2010. The change in assets revaluation reserve and the change in fair value of available-for-sale securities are associated with firm performance as summarized by stock price and returns. We also find a stronger association of aggregate comprehensive income with stock price and market returns compared to net income.
Keywords: Value Relevance, Comprehensive Income, Other Comprehensive Income, Asset Revaluations
JEL Classification: G12, M40, M41
Suggested Citation: Suggested Citation
Khan, Shahwali and Bradbury, Michael E. and Courtenay, Stephen M., Value Relevance of Comprehensive Income (January 6, 2014). 2014 Financial Markets & Corporate Governance Conference, Available at SSRN: https://ssrn.com/abstract=2375508 or http://dx.doi.org/10.2139/ssrn.2375508
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