Accounting Internationalization and Value Relevance of Accounting Earnings: Evidence from China

摘要：

Using financial reports of AB-shares listed companies in China from 1996 to 2003, this paper attempts to evaluate the impact of accounting internationalization in China by comparing time serial value-relevance difference between Chinese Accounting Standards (CAS) and International Accounting standards (IAS). Presented empirical evidence from relative information content test indicates that unexpected earnings reported under IAS have more information content to A-shares investors than those under Chinese Accounting Standards, but the relative value-relevance of IAS is weakened through the accounting internationalization process. Empirical evidence from incremental information content test shows that the incremental value-relevance of IAS is also weakened through the accounting harmonization process. Further empirical evidence demonstrates that CAS earnings appear to substitute for CAS earnings in the valuation process to the extent to which CAS is harmonized with IAS.

关键词： IAS Information Content Alternative Signals Accounting Internationalization

作者: You Jiaxing

作者单位: Department of Planning & Statistics Xiamen University, P.R.China, 361005

会议类型: 国际会议

会议名称: 2008年国际应用统计学术研讨会(2008 International Institute of Applied Statistics Studies)

会议地点: 烟台

会议语种:英文

页码: 1-7

在线出版日期: 2008-08-14（万方平台首次上网日期，不代表论文的发表时间）