Comprehensive Income Reporting: Empirical Evidence from the Warsaw Stock Exchange

2014 ◽  
Vol 82 (4) ◽  
Author(s):  
Maciej Frendzel ◽  
Anna Szychta
Keyword(s):  
Empirical Evidence ◽  
Stock Exchange ◽  
Comprehensive Income ◽  
Warsaw Stock Exchange ◽  
Income Reporting

scholarly journals Sector Diversification of Statements of Comprehensive Income Illustrated with the Example of Entities Listed on the Warsaw Stock Exchange

2019 ◽  
Vol 19 (2) ◽  
pp. 134-148
Author(s):  
Piotr Prewysz-Kwinto
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Descriptive Statistics ◽  
Accounting Standard ◽  
Comprehensive Income ◽  
Warsaw Stock Exchange ◽  
Other Comprehensive Income ◽  
High Level ◽  
International Accounting Standard ◽  
The Way

Abstract Research background: The rules of preparing the statement of comprehensive income are included in the International Accounting Standard 1 “Presentation of Financial Statements” which gives a lot of freedom in the way information is presented in these documents. So the following question was asked whether the way of presenting information regarding results between enterprises representing the same industries manifests similarities or differences? Purpose: The main aim of this paper is to verify whether despite the high level of flexibility given by IAS 1 in presenting information, the statements of comprehensive income prepared by entities belonging to the same sectors, manifest significant similarities. Research methodology: The research covered the financial statements prepared for the financial years 2015–2017 and by almost 200 entities listed on the Warsaw Stock Exchange and representing 14 different industries. The method of descriptive statistics was used in the quantitative analysis. Results: The results obtained allowed to show many similarities in statements drawn up by entities representing the same sectors concerning among others: the forms of drawing up this document, the variant of a statement, its internal construction and presentation of other comprehensive income. Novelty: Research on sector differentiation of information in the statement of comprehensive income on a group of entities listed on the Warsaw Stock Exchange has not been conducted yet.

scholarly journals The Effect of Net Income and Other Comprehensive Income on Future’s Comprehensive Income With Attribution of Comprehensive Income as Moderating Variable

2021 ◽  
Vol 12 (3) ◽  
pp. 205
Author(s):  
Marhaendra Kusuma ◽  
Diana Zuhroh ◽  
Prihat Assih ◽  
Grahita Chandrarin
Keyword(s):  
Empirical Evidence ◽  
Predictive Power ◽  
Stock Exchange ◽  
Financial Statements ◽  
Data Sources ◽  
Net Income ◽  
Independent Variables ◽  
Comprehensive Income ◽  
Other Comprehensive Income ◽  
Income Data

This study aims to examine the effect of net income and other comprehensive income on the total of future’s comprehensive income with attribution of earning as a moderating variable. It also tests whether comprehensive income is more persistent than Net Income and whether re-measurement of the defined program is the highest predictive power for future CIs. The dependent variable was Comprehensive Incomet+1, and the independent variables were Net Income and Other Comprehensive Income. Data sources were financial statements 2014-2018 of 367 companies listed in Indonesia Stock Exchange. The empirical evidence were 1).Net income and other comprehensive income can predict future comprehensive income, 2). The CI attribution can improve the ability of NI and OCI in predicting future CI. 3). Net income is more persistent than other comprehensive income, 4). The defined program is the highest predictive power for future CIs. 

scholarly journals The role of comprehensive income in predicting banks’ future earnings based on the practice of banks listed on the Warsaw Stock Exchange

Equilibrium ◽  
2017 ◽  
Vol 12 (3) ◽  
Author(s):  
Artur Sajnóg
Keyword(s):  
Predictive Power ◽  
Stock Exchange ◽  
Rank Correlation ◽  
Value Added ◽  
Net Income ◽  
Main Research ◽  
Future Earnings ◽  
Comprehensive Income ◽  
Spearman’S Rank Correlation ◽  
Warsaw Stock Exchange

Research background: In the economic literature there are many arguments presented by critical supporters and opponents of measuring and reporting comprehensive income. There is a justified need to examine the relevance and usefulness of comprehensive income, especially the predictive power of comprehensive in-come for forecasting future earnings. It may be assumed that the comprehensive income has a better predictive power for future bank performance than net income, because this measure includes many elements, which were previously presented in the statement of changes in equity. Purpose of the article: The major subject of the theoretical-empirical study presented in this paper is the evaluation of the usefulness of comprehensive income for predicting banks’ future earnings. Realization of the fundamental objective of this paper was centered around the main research hypothesis, stating that in economic practice of banks listed on the Warsaw Stock Exchange it can be assumed that there is a positive predictive power of financial result in forecasting financial standing of these entities. Methods: The research comprised bank joint-stock companies listed on the Warsaw Stock Exchange (qualified on 15.09.2016). Empirical data for the study was obtained from the quarterly financial statements (the period from 2009 to 2015) from EMIS. The problem was realized in two analytical dimensions: absolute dimension financial results, and a relative dimension (return ratios). The research method was the regression analysis conducted by means of Spearman’s rank correlation coefficient and by two regression models in two versions. Findings & value added: The research showed that the analyzed bank companies were characterized by a diversity usefulness of comprehensive income for predicting banks’ future earnings. Nevertheless, it must be stressed that the calculated Spearman’s rank correlation coefficients confirm in most instances a positive character of dependence between the comprehensive income and future return ratios. The results of the estimation of econometric models shows the positive association of comprehensive income with future profitability of banks.

scholarly journals The predictive power of comprehensive income in Polish companies listed on the Warsaw Stock Exchange

2019 ◽  
Vol 2019 (105 (161)) ◽  
pp. 113-136
Author(s):  
Katarzyna Bareja ◽  
Magdalena Giedroyć ◽  
Małgorzata Wrzosek
Keyword(s):  
Predictive Value ◽  
Quantitative Research ◽  
Predictive Power ◽  
Value Relevance ◽  
Stock Exchange ◽  
Net Income ◽  
Comprehensive Income ◽  
Future Performance ◽  
Warsaw Stock Exchange ◽  
Other Comprehensive Income

Poland is historically classified within the Continental European model of accounting. The aim of the paper is to find the answer to the question of whether the Anglo-Saxon measure of financial results, which is comprehensive income, introduced into Polish reporting practice by the implementation of IFRS, has better predictive power than net income. The consequences of reporting comprehensive income are still a research gap in Poland. This article fills the gap regarding the predictive value of comprehensive income on the Polish market, and at the same time, it constitutes a contribution to global research in this area. The content presented in this article was developed using studies of the domestic and foreign literature. The methodology adopted in our study refers to the commonly used methodology of quantitative research on value relevance and the predictive value of comprehensive income. Our results indicate that net income and comprehensive income have the same predictive value for future performance. The research showed that neither other comprehensive income as a single indicator nor separate items of other comprehensive income has significant predictive power for future performance. The results of our research may help legislative bodies to make decisions on whether to extend the financial statement by requiring the statement of comprehensive income. In addition, our study presents, in a very broad way, the results of the latest research on NI and CI.

Momentum Effect in Stock Market: Empirical Evidence from Pakistan Stock Exchange

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
Shahid Rasheed ◽  
Umar Saood ◽  
Waqar Alam
Keyword(s):  
Stock Market ◽  
Empirical Evidence ◽  
Stock Markets ◽  
Stock Exchange ◽  
Momentum Effect ◽  
Using Data

This study aims to examine the momentum effect presence in selected stocks of Pakistan stock market using data from Jan 2007 to Dec 2016. This study constructed the strategies includes docile, equal weighted and full rebalancing techniques. Data was extracted from the PSX – 100 index ranging from 2007 to 2016. STATA coding ASM software was used for calculating momentum portfolios, finally top 25 stocks were considered as a winner stocks and bottom 25 stocks were taken as a loser stocks. In conclusion, the results of the study found a strong momentum effect in Pakistan stock exchange PSX 100- index. As by results it has been observed that a substantial profit can earn by the investors or brokers in constructing a portfolio with a short formation period of three months and hold for 3, 6 and 12 months. There is hardly a study is present on the same topic on Pakistan Stock Exchange as preceding studies were only conducted on individual stock markets before merger of stock markets in Pakistan while this study leads the explanation of momentum phenomenon in new dimension i.e. Pakistan Stock Exchange. Keywords: Momentum, Portfolio, Winner Stocks, Loser Stocks

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