Relevancia valorativa del resultado global y sus Componentes frente al resultado neto

Value relevance of comprehensive income and its components in front of the net income


  • Nuria Arimany Serrat
  • Soledad Moya
  • Gonzalo Rodriguez Perez
Palabras clave: Relevancia valorativa, resultado global, resultado neto


Este trabajo tiene como objeto verificar si el resultado global presenta mayor relevancia valorativa respecto al resultado tradicional, y si es así cuáles son los componentes del resultado global que explican las diferencias. El estudio muestra que el resultado global es una variable relevante tanto para explicar el valor intrínseco de la empresa como para explicar su rentabilidad. Sin embargo, sólo al explicar la rentabilidad el resultado global y su incremento aumentan la relevancia valorativa del resultado neto y su incremento. De los componentes analizados del resultado global, tan sólo los resultados por diferencias de conversión de la moneda extranjera a la moneda de presentación añaden poder explicativo adicional al del resultado neto, aunque sólo en los modelos de rentabilidad. Ni los resultados por valoración de instrumentos financieros a valor razonable con cambios en patrimonio ni los resultados por coberturas de flujos de efectivo aportan un mayor poder explicativo al del resultado neto.


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Biografía del autor/a

Nuria Arimany Serrat


c/ Miramarges, 7

Soledad Moya


Av. de la Torre Blanca, 59

Gonzalo Rodriguez Perez


B Building
Cerdanyola del Valles


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Cómo citar
Arimany Serrat, N., Moya, S., & Rodriguez Perez, G. (2011). Relevancia valorativa del resultado global y sus Componentes frente al resultado neto: Value relevance of comprehensive income and its components in front of the net income. Revista de Contabilidad - Spanish Accounting Review, 14(2), 145–173.