Study on Accounting Information Value in Segmented Capital Markets

摘要：

The paper studies on whether the accounting information disclosed in Mainland Hong Kong by dual listing companies transfers between in segmented capital market and which accounting information provides valuable information to investors.The analysis proves that there are somewhat irrational factors in A-share market,investors from Mainland and Hong Kong have preference for large companys stocks,state-hold share is one of the most inportant factors in choosing stocks,the adjusted accounting profits according ti Mainland and Hong Kong accounting principles can not provide useful information to investors,and the segmentation effect between Mainland and Hong Kong capital markets is very prominent.

关键词： Segmented Capital Markets Stock Returns Accounting Information

作者: 陆静

作者单位: 重庆大学经济与工商管理学院,400044

会议类型: 国际会议

会议名称: 2006年中国国际金融年会

会议地点: 西安

会议语种:英文

在线出版日期: 2006-07-17（万方平台首次上网日期，不代表论文的发表时间）