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Article: Is comprehensive income useful?

TitleIs comprehensive income useful?
Authors
KeywordsComprehensive income
Information content
Executive compensation
Predictive ability
Issue Date2006
PublisherHong Kong Polytechnic University, School of Accounting & Finance. The Journal's web site is located at http://www.af.polyu.edu.hk/jcae_af/index.html
Citation
Journal of Contemporary Accounting and Economics, 2006, v. 2 n. 1, p. 1-32 How to Cite?
AbstractWith the International Accounting Standards Board (IASB) now considering the question, we examine 16 different definitions of income across three applications: information content, predictive ability and executive compensation contracting. Our results reveal that comprehensive income defined by FASB Statement 130 (NI130) dominates both traditional net income (NI) and fully comprehensive income (NIbroad) in explaining equity returns, but that NI dominates NI130 and NIbroad in explaining executive compensation. These findings are strikingly consistent with prior lobbying positions. In predictive ability, no definition clearly dominates. When income components are considered, NIbroad dominates in all three applications, thus lending support to the disclosure of comprehensive income components.
Persistent Identifierhttp://hub.hku.hk/handle/10722/128980
ISSN
2015 SCImago Journal Rankings: 0.371
SSRN

 

DC FieldValueLanguage
dc.contributor.authorBiddle, GC-
dc.contributor.authorChoi, JH-
dc.date.accessioned2010-12-01T03:36:36Z-
dc.date.available2010-12-01T03:36:36Z-
dc.date.issued2006-
dc.identifier.citationJournal of Contemporary Accounting and Economics, 2006, v. 2 n. 1, p. 1-32-
dc.identifier.issn1815-5669-
dc.identifier.urihttp://hub.hku.hk/handle/10722/128980-
dc.description.abstractWith the International Accounting Standards Board (IASB) now considering the question, we examine 16 different definitions of income across three applications: information content, predictive ability and executive compensation contracting. Our results reveal that comprehensive income defined by FASB Statement 130 (NI130) dominates both traditional net income (NI) and fully comprehensive income (NIbroad) in explaining equity returns, but that NI dominates NI130 and NIbroad in explaining executive compensation. These findings are strikingly consistent with prior lobbying positions. In predictive ability, no definition clearly dominates. When income components are considered, NIbroad dominates in all three applications, thus lending support to the disclosure of comprehensive income components.-
dc.languageeng-
dc.publisherHong Kong Polytechnic University, School of Accounting & Finance. The Journal's web site is located at http://www.af.polyu.edu.hk/jcae_af/index.html-
dc.relation.ispartofJournal of Contemporary Accounting and Economics-
dc.subjectComprehensive income-
dc.subjectInformation content-
dc.subjectExecutive compensation-
dc.subjectPredictive ability-
dc.titleIs comprehensive income useful?en_HK
dc.typeArticleen_HK
dc.identifier.emailBiddle, GC: biddle@hkucc.hku.hk-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S1815-5669(10)70015-1-
dc.identifier.volume2-
dc.identifier.issue1-
dc.identifier.spage1-
dc.identifier.epage32-
dc.publisher.placeHong Kong-
dc.identifier.ssrn1864363-

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