A Study of Accounting Conservatism in Chinas Capital Market
By collecting samples from all listed A-shares firms on Shenzhen and Shanghai Stock Exchanges from 2001 to 2007, we examines whether accounting conservatism exists in Chinas capital market since Accounting System (2001) has been implemented. Empirical results show that all listed companies are conservative during 2001 to 2007, besides, firms are more conservative on Shenzhen rather than on Shanghai Stock Exchanges. Moreover, conservatism doesnt result from the earning management behaviors of loss companies. Meanwhile, all of the profitable state-owned firms have conservatism as a whole. The loss state-owned firms dont have conservatism because of the motivation of taking upwards earning management. However, the non-state-owned firms perform conservatism, which has also been confirmed after eliminating the loss samples.
accounting conservatism state-owned holding inventor protection earning management
Zhou Qi Zhou Xiaosu
School of Business, Nankai University, Tianjin, 300071, China
国际会议
烟台
英文
510-514
2010-08-06（万方平台首次上网日期，不代表论文的发表时间）