对第130号财务会计准则公告“全面收益”披露的评价【外文翻译】.doc

本科毕业论文（设计） 外 文 翻 译 外文题目 An Evaluation of SFAS No. 130 Comprehensive Income Disclosures 外文出处 Review of Accounting Studies 外文作者 Dennis Chambers, Thomas J．Linsmeier，Catherine Shakespeare and Theodore Sougiannis 原文： An Evaluation of SFAS No. 130 Comprehensive Income Disclosures In this study, we provide evidence on the pricing of other comprehensive income (OCI) that differs from most evidence in prior research. Prior archival research has largely concluded that OCI is not priced by investors. In contrast, we provide evidence in the post-SFAS 130 period that OCI is priced on a dollar-fordollar basis as is predicted by economic theory for transitory income items. We attribute this finding to our use of post-SFAS 130 as-reported measures of OCI rather than pre-SFAS 130 as-if estimates of OCI measures. Furthermore, we document that two components of OCI, foreign currency translation adjustment and unrealized gains/losses on available-for-sale securities, are priced by investors. In the post-SFAS 130 period, we also find that the type of financial statement in whichfirms report OCI and its components affects pricing, consistent with the conclusions of prior experimental research. However, our evidence suggests that investors pay greater attention to OCI information reported in the statement of changes in equity, rather than in a statement of financial performance. This could be attributed to investors becoming more familiar in the post-SFAS 130 period with the predominant reporting of OCI and its components in the statement of changes in equity. These findings may be relevant to both the Financial Accounting Standards Board and the International Accounting Standards Board, which jointly are undertaking a new project that, in part, is addressing financial statement presentation of OCI items. In June 1997, the Financial Accounting Standards Board (FASB) issued Statement of F