Value Relevance of Mandated Comprehensive Income Disclosures
基于新西兰上市公司样本，检验权益变动表中综合收益披露的价值相关性，发现单独披露综合收益项目未提供超出综合收益总额的增量信息，且综合收益相对于净利润的价值相关性在披露后并未增强。
This study provides some market based evidence on the usefulness of comprehensive income disclosures in a Statement of Changes in Equity (SCE). Using a sample of listed New Zealand firms, we find no evidence that separate disclosure of the comprehensive income items provides any value relevant information above and beyond the aggregate comprehensive income figure. Likewise, in the post‐SCE period, we find no evidence of an increase in the incremental value relevance of the comprehensive income items over net income. While our results are sensitive to outliers, they suggest that standards requiring disclosure of a SCE may not be necessary.