本研究探討國際會計準則第41號「農業」(IAS 41)對於我國企業財務報導中有關生物資產揭露與股價之可能影響，以及於該公報發行後，主管機關對其所做之修正，是否更進一步提升生物資產揭露之價值攸關性。本研究之樣本為所有產業樣本，包含我國所有產業之上市、上櫃及興櫃公司，及農業科技產業之樣本，樣本期間為2011年至2015年。採用最小平方法研究結果發現，目前我國生物資產揭露並未提供公司股東有效的資訊內涵，IAS 41修改後，有關生物資產之揭露仍未能提供有效的資訊內涵。

This paper examines how International Accounting Standard 41 (IAS 41) “Agriculture” may affect the disclosure of biological assets in the financial reporting and stock price in Taiwan’s companies and whether the disclosure of biological assets improve value relevance after IAS 41 is revised. Our sample include the financial information of all listed, over-the- counter, emerging stock companies and agriculture-related companies in 2011 to 2015. We found that the disclosure of biological assets did not provide better value relevance. Even though IAS 41 was revised, the value relevance didn’t become greater either.

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