@article{ART001743135},
author={JEONGTAEBEOM},
title={Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms},
journal={JOURNAL OF CHINESE STUDIES},
issn={1229-3806},
year={2013},
number={39},
pages={417-437},
doi={10.26585/chlab.2013..39.018}
TY - JOUR
AU - JEONGTAEBEOM
TI - Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms
JO - JOURNAL OF CHINESE STUDIES
PY - 2013
VL - null
IS - 39
PB - CHINESE STUDIES INSTITUTE
SP - 417
EP - 437
SN - 1229-3806
AB - After Korea stock exchange allowed foreign firms to list their stocks on Korea stock market, many Chinese firms have listed their stocks. But prior studies raised the reliability problems on Chinese firms’ financial statements on the viewpoint of earnings management. This results gave the motivation of testing the value relevance of accounting information of Chinese firms.
This paper has taken the empirical test of value relevance of Chinese firms using the book value of net assets and earnings per share to verify the level of explanation of stock price. As a result, Chinese firms have less value relevance of accounting information comparing with Korean companies. And the income information has the incremental explanation power of stock prices while the net assets have not. This kind of results reinforce the previous studies where Chinese firms’ accounting information has less reliability. Therefore, it requires additional concern on Chinese firms in Korea stock market.
KW - Chinese firms;Value relevance;BPS(Book-vale per share);EPS(Earnings per share)
DO - 10.26585/chlab.2013..39.018
ER -
JEONGTAEBEOM. (2013). Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms. JOURNAL OF CHINESE STUDIES, 39, 417-437.
JEONGTAEBEOM. 2013, "Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms", JOURNAL OF CHINESE STUDIES, no.39, pp.417-437. Available from: doi:10.26585/chlab.2013..39.018
JEONGTAEBEOM "Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms" JOURNAL OF CHINESE STUDIES 39 pp.417-437 (2013) : 417.
JEONGTAEBEOM. Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms. 2013; 39 : 417-437. Available from: doi:10.26585/chlab.2013..39.018
JEONGTAEBEOM. "Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms" JOURNAL OF CHINESE STUDIES no.39(2013) : 417-437.doi: 10.26585/chlab.2013..39.018
JEONGTAEBEOM. Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms. JOURNAL OF CHINESE STUDIES, 39, 417-437. doi: 10.26585/chlab.2013..39.018
JEONGTAEBEOM. Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms. JOURNAL OF CHINESE STUDIES. 2013; 39 417-437. doi: 10.26585/chlab.2013..39.018
JEONGTAEBEOM. Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms. 2013; 39 : 417-437. Available from: doi:10.26585/chlab.2013..39.018
JEONGTAEBEOM. "Comparative Study on Value Relevance of Accounting Data Between Korean and Chinese Firms" JOURNAL OF CHINESE STUDIES no.39(2013) : 417-437.doi: 10.26585/chlab.2013..39.018
