The purpose of this paper is to compare the usefulness between net income and comprehensive income. The results by SUR (seemingly unrelated regression) show the following evidence. Although net income is more persistent than comprehensive income in one year, the persistence of comprehensive income is higher than net income in another year. We cannot support the claim that one is always more persistent than another. Consistent with prior expectation, comprehensive income is more timely than net income. However, we cannot meaningfully test the effect of conservatism on both income. The value relevance and price informativeness of net income is not significantly different from those of comprehensive income. We cannot find the strong evidence, which support the insistence that one is superior to another. These empirical results will make a important contribution to the setting of accounting standard for performance reporting.
内容記述
本文フィルはリンク先を参照のこと
雑誌名
Discussion paper series. CIRJE-J
巻
CIRJE-J-201
発行年
2008-08
書誌レコードID
AA11451834
フォーマット
application/pdf
日本十進分類法
330
出版者
日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
純利益と包括利益 : 利益属性と有用性の再検討
