3.16.15.149
3.16.15.149
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KCI 등재
파생상품 평가손익의 가치 관련성
The Value-Relevance of Gains or Losses on the Valuation of Derivatives
임재창 ( Chae Chang Im ) , 남기석 ( Gi Seok Nam )
한일경상논집 50권 153-186(34pages)
UCI I410-ECN-0102-2012-320-001812248
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This paper shed light on the value-relevance of gains or losses on the valuation of derivatives. Using the Ohlson`s valuation model(1995), we could get some new findings as follows: (1) Gains on valuation using derivatives accounting in income statement have negative price multiples in extended Ohlson`s model. (2) Losses on valuation using derivatives accounting in income statement have non-relevance price multiples in extended Ohlson`s model. (3) Gains on valuation using derivatives accounting in balance sheet have positive price multiples in extended Ohlson`s model. (4) Losses on valuation using derivatives accounting in balance sheet have non-relevance price multiples in extended Ohlson`s model. The results of this study imply the needs of restrict regulation that require public announcement of the important difference between fair value derivatives accounting and cash flow derivatives accounting.

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