Title :
The value-relevance of the new Chinese accounting standards
Author :
Xue Shuang ; Xiao Ze-zhong
Author_Institution :
Sch. of Accountancy, Shanghai Univ. of Finance & Econ., Shanghai
Abstract :
On Dec. 15, 2006 Chinese MOF issued a set of new accounting standards (new CAS). The new CAS is regarded to be converging to international accounting standards and supposed to be more value-relevant. Does the New CAS is more value-relevant or has incremental explanation power to firmspsila value as expected? We use the unique data from CSRC and find that new CAS has more explanation power and the difference between the new and the old CAS has incremental information content. This incremental information comes from the substantial impact of new CAS instead of presentation impact.
Keywords :
accounting; standards; Chinese accounting standards; incremental information content; international accounting standards; value-relevance; Conference management; Content addressable storage; Convergence; Engineering management; Finance; Financial management; Power generation economics; Regulators; Standards Board; incremental information content; new accounting standards; presentation impact; substantial impact; value-relevance;
Conference_Titel :
Management Science and Engineering, 2008. ICMSE 2008. 15th Annual Conference Proceedings., International Conference on
Conference_Location :
Long Beach, CA
Print_ISBN :
978-1-4244-2387-3
Electronic_ISBN :
978-1-4244-2388-0
DOI :
10.1109/ICMSE.2008.4669068
