過去我國制定財務會計準則公報建立於穩健原則之下，在此限制下導致準則大多以「保守性會計」為基礎，即在歷史成本架構下較重視可靠性而較輕攸關性；然而在新經濟時代，無法入帳之無形資產日益增加造成企業淨值與市值的偏離。我國極力推行公平價值評價會計準則予以修正淨值與市價之落差，因此本研究探討從歷史成本轉向公平價值是否提升財務會計資訊之攸關性。本研究採用會計基礎評價模式及未入帳無形價值衡量模式，針對台灣上市櫃企業實證多項公平價值評價會計準則之實施，對於財務報表攸關性之影響。研究發現多項準則實施後投資人進行投資決策時提高對盈餘資訊之信賴，而資產負債表部分僅金融商品有顯著差異。當模式加入未入帳無形資產價值後，其對企業股價之增額解釋能力逐漸下降，可推論在實施多項準則後，有助於衡量部分無形資產。

In the past, The Statement of Financial Accounting Standard setting in Taiwan was based on the conservative accounting principle. Under the historical cost accounting, reliability is more important than relevance. In the New Economy era, the unrecognized intangibles is increasing, relevance is getting more important. The gap between market value and book value of firms is becoming large. Recently, Taiwan has set many accounting standard based on the fair value accounting principle to reduce the gap. Therefore, this paper discusses from historical cost to fair value approach whether or not it improves relevance of accounting information. Based on the Residual Income Valuation Model and unrecognized intangibles value measurement model, this paper examines the value relevance of financial statements with implementation of the multiple fair value accounting standards. The empirical result indicates investors carry on investment decisions, they increasingly trust in earnings information. However, Financial commences in balance sheet just only it is significant. After added unrecognized intangibles value, its increasing explanatory power is decreased gradually to the stock price. This paper infers that it can assist the measurement of the intangible assets while adopting multiple fair value standards.

目錄
第壹章 緒論	1
第一節	研究背景及動機	1
第二節	研究目的	3
第三節	研究流程	4
第四節	論文結構	5
第貳章 文獻探討	6
第一節	會計保守性	6
第二節	公平價值評價之會計準則探討	7
第三節	財務報表攸關性	13
第四節	淨盈餘評價模式	14
第參章 研究方法	20
第一節	觀念架構	20
第二節	研究假說	21
第三節	實證模型	23
第四節	變數定義與衡量	27
第五節	樣本選取與資料來源	30
第六節	統計分析方法	33
第肆章 實證結果與分析	35
第一節	變數之敘述性統計量與相關係數	35
第二節	實施多項準則後對於會計資訊價值攸關性之影響	37
第三節	未入帳無形價值對於資訊價值攸關性之影響	41
第四節	敏感性分析	46
第伍章 結論與建議	47
第一節	結論	47
第二節	研究限制	48
第三節	研究建議	48
參考文獻	49
附錄A 我國修訂與發布之財務之會計準則	53

圖表目錄
圖 1-1  研究流程圖	4
圖 3-1  觀念架構圖	20
表 1-1  公平價值評價之會計準則公報	3
表 2-1  於民國92年12月25日後發布或修訂與公平價值衡量有關之公報	8
表 2-2  於民國92年12月25日前發布或修訂與公平價值衡量有關之公報	8
表 3-1  樣本公司之樣本篩選過程彙總表及產業分布狀況	31
表 4-1  迴歸分析各變數之敘述性統計量	35
表 4-2  迴歸分析各變數之相關係數	36
表 4-3  財務報表會計資訊攸關性變動之迴歸分析結果	38
表 4-4  財務報表會計資訊攸關性變動之係數Z檢定統計量結果	39
表 4-5  每股權益帳面價值與每股盈餘交互作用實證結果	40
表 4-6  加入未入帳無形價值之財務報表會計資訊攸關性變動迴歸分析結果(加入未入帳無形價值-UIV)	42
表 4-7  層級顯著性檢定之結果(加入未入帳無形價值-UIV)	43
表 4-8  加入未入帳無形價值之財務報表會計資訊攸關性變動迴歸分析結果(調整後其他權益帳面值-OBV A)	44
表 4-9  Vuong檢定之結果(調整後其他權益帳面值-OBV A)	45
表 4-10 層級顯著性檢定與Vuong檢定之結果(Re =5%、8%)	46
表 4-11 層級顯著性檢定與Vuong檢定之結果(Re =10%、12%)	46
表 A-1  依發布/修訂日期排序(反白為該公報最新發布/修訂日期)	53
表 A-2  依公報編號排序(反白為該公報最新發布/修訂日期)	55

中文部份
財務會計準則委員會，財務會計準則公報第一號至第三十九號，財團法人中華民國會計研究發展基金會，民國96年11月29日。
黃正誠，1999，負盈餘硏究:以資訊觀點與衡量觀點分析，國立台灣大學會計學研究所未出版碩士論文。
陳志遠，2007，第34號公報對財務報表科目價值攸關性之影響，輔仁大學會計學研究所未出版碩士論文。
蘇瓜藤、張書瑋，2006，無形資產之評價(上)，會計研究月刊，第252期：56-61。
鄭惠之，2005，金融商品財會新制 2006即將上路，會計研究月刊，第240期：28-34
顏裕芳，2001，無形資產衡量對台灣股票評價攸關性之研究-股市週期與產業別之影響，第十屆會計理論與實務研討會。 

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