Title :
Accounting Information Value Relevance of Dual-listing Company
Author :
Jing, Lu ; Yuanyuan, Liu
Author_Institution :
Chongqing Univ., Chongqing
Abstract :
We study the value relevance of accounting earning information of dual-listing companies. We find that the accounting earning information according to HK-GAAP (or IASs) is useful for H share, the investors in A share markets prefer unexpected EPS to EPS, the financial statements based on HK-GAAP(or IASs) also provides useful information to the investors in A share markets, the investors in H share markets make their decisions mainly depending on HK-GAAP (or IASs)´s information. Therefore, dual-listing companies should provide accounting information based on HK-GAAP (or IASs) to overseas´ investors. From the view of the information transmission, the segmentation between mainland and Hong Kong capital markets is distinct.
Keywords :
accounting; international finance; investment; organisational aspects; HK-GAAP; Hong Kong capital market; IASs; accounting information value; dual-listing company; financial statements; overseas investors; share markets; Companies; Educational institutions; History; IEEE news; Information analysis; Information security; Partial response channels; Pricing; Protection; Stock markets; Abnormal Returns; Accounting Information Value Relevance; Segmented Capital Markets;
Conference_Titel :
Service Systems and Service Management, 2007 International Conference on
Conference_Location :
Chengdu
Print_ISBN :
1-4244-0885-7
Electronic_ISBN :
1-4244-0885-7
DOI :
10.1109/ICSSSM.2007.4280260