We investigate the value relevance of comprehensive income its components for a sample of 92 New Zealand Firms over the period 2003-2010. The change in assets revaluation reserve and the change in fair value of available-for-sale securities are associated with firm performance as summarized by...

Widespread adoption of International Financial Reporting Standards (IFRS) is expected to improve accounting quality. IFRS is issued by the International Accounting Standards Board (IASB), but the IASB has no power to enforce the standards. Many are concerned that without adequate enforcement...

This study examines the association between levels of annual report voluntary disclosure and the market reaction to the next interim earnings announcement in a market with both low regulation and analyst following. We examine the first order effects of voluntary disclosure by using direct...