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dc.contributor.authorElshandidy, Tamer*
dc.date.accessioned2017-08-15T14:37:10Z
dc.date.available2017-08-15T14:37:10Z
dc.date.issued2014
dc.identifier.citationAdvances in Accounting, 30(1), 176-186.en_US
dc.identifier.urihttp://hdl.handle.net/10454/12863
dc.descriptionnoen_US
dc.description.abstractWithout making any distinction of the applicable accounting standards, this paper investigates, firstly, the value relevance of accounting information from 1999 to 2012 in different segments of the Chinese stock market. This investigation includes A-shares, prepared under Chinese Accounting Standards (CAS) for domestic firms; B-shares, prepared under either the International Accounting Standards (IAS) or International Financial Reporting Standards (IFRS) for both domestic and overseas firms; and H-shares prepared under either the IAS or Hong Kong GAAP for Hong Kong and overseas firms. Then, the paper examines whether or not the converged IFRS with CAS, applicable from 2007 onwards, is more value relevant when compared with prior to the 2007's standards (CAS, IAS, Hong Kong GAAP for A-share, B-share, and H-share markets, respectively). Based on 34,020 firm-year observations and after controlling for industry- and year-fixed effects, the findings suggest that accounting information is value relevant with A- and B-share markets, while it is partially relevant with the H-share market. The paper finds that the converged IFRS with CAS is more value relevant in A-shares and B-shares and it is partially more value relevant with the H-share market. These findings have implications for both policymakers and investors since they provide further empirical evidence for the current policy procedure which harmonizes local GAAP with IFRS.en_US
dc.language.isoenen_US
dc.relation.isreferencedbyhttps://doi.org/10.1016/j.adiac.2014.03.007en_US
dc.subjectA-, B- and H-shares; Converged IFRS with CAS; Value relevance; Chinese stock marketen_US
dc.titleValue relevance of accounting information: Evidence from an emerging market.en_US
dc.status.refereedyesen_US
dc.date.application2014-04-26
dc.typeArticleen_US
dc.type.versionNo full-text in the repositoryen_US


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