基於過去文獻指出以公允價值衡量會計的資訊比以歷史成本衡量的會計資訊更具價值攸關性,本文以2005年至2013年的台灣產業作為研究樣本。探討是否以公允價值衡量之會計資訊比非按公允價值衡量會計資訊更具價值攸關性,本文發現按公允價值衡量之資產比非按公允價值衡量之資產更具價值攸關性。再者,本文並未發現公司資訊揭露程度越高,以公允價值衡量之會計資訊的價值攸關性越高。最後本文發現當公司資訊揭露的程度越高且獨立董事持股比率越高、由四大會計師事務所查核與產業專精會計師查核的企業,以公允價值衡量之會計資訊的價值攸關性會越高。本研究並沒有發現公司資訊揭露程度越高,機構法人的持股比率越高與公司是否設有審計委員會會影響以公允價值衡量和非以公允價值衡量之資產的價值攸關性。
Motivated by fair value relevance studies, this study examines weather accounting information based on fair value is more value relevant than accounting information based on historical cost. Using data from Taiwan stock markets during 2005-2013, this study finds that assets measured by fair value are more value relevant than assets measured by historical cost. Furthermore, this study does not find that the value relevance of fair value accounting information increases for companies with the high level of accounting transparency. This study finds that the value relevance of fair value accounting information increases for companies with high level of accounting transparency and companies have more independent directors or with more institution investors or companies audited by Big 4. Finally, this study does not finds that companies with high level of accounting transparency and companies have audit committee increases the value relevance of fair value accounting information.