The Predictive Power of Comprehensive Income of Listed Companies

Authors

  • Artur Robert Sajnóg University of Łódź, Faculty of Economics and Sociology, Department of Business Analysis and Strategy, Institute of Applied Economics and Informatics

DOI:

https://doi.org/10.18778/0208-6018.328.01

Keywords:

comprehensive income, net income, predictive power, polish listed companies

Abstract

The main subject of theoretical‑empirical study presented in this paper is the estimate of the information significance of comprehensive income, primarily associated with the predictive power of this financial category. Realization of the fundamental objective of this paper was centered around the main research hypothesis, stating that the comprehensive income, as opposed to the traditional net income, has a stronger predictive power, because the predictive power of comprehensive income is associated with shaping the future financial results of company. The research comprised joint‑stock companies listed on the Warsaw Stock Exchange and included in WIG30 Index (qualified on 1.02.2016). Empirical data for the study was obtained from the quarterly financial statements (the period from 2009 to 2015).

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Published

2017-09-07

How to Cite

Sajnóg, A. R. (2017). The Predictive Power of Comprehensive Income of Listed Companies. Acta Universitatis Lodziensis. Folia Oeconomica, 2(328), [7]-22. https://doi.org/10.18778/0208-6018.328.01

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