Discusión Sobre 'La Relevancia Valorativa Del Resultado Global Frente Al Resultado Neto: Una Perspectiva Europea', Por B. Giner Inchausti y F. Pardo Pérez (Discussion on 'The Value Relevance of Comprehensive Income Versus Net Income: A European Perspective', by B. Giner Inchausti and F. Pardo Pérez)
Spanish Journal of Finance and Accounting (Revista Española de Financiación y Contabilidad), Forthcoming
14 Pages Posted: 23 Jan 2012
Date Written: November 18, 2009
This discussion places the Giner and Pardo’s (2009) study in the line of research that develops similar experiments; it helps to fundament and reason the evidence obtained; it supports the model selection, proposing a complementary itinerary of references for the deduction or specification of the models proposed by the authors; and, finally, it points out some limitations, to provide an appropriate framework for the interpretation of the results, considering the wide number of previous studies on this subject and their heterogeneous results. Two aspects of value relevance are treated in depth: the relation between the objectives and the design of the research, which determines the interpretation of the results; and the role of the Ohlson Model in this type of studies on relevance.
Note: Downloadable document is in Spanish.
Keywords: Comprehensive income, Value-relevance, International accounting, Ohlson Model
JEL Classification: M41, M16, G15
Suggested Citation: Suggested Citation