KJCKorea
Journal Central

@article{ART001821852},
author={JEONGTAEBEOM},
title={Earnings Response Coefficient of Chinese Firms},
journal={JOURNAL OF CHINESE STUDIES},
issn={1229-3806},
year={2013},
number={42},
pages={481-500},
doi={10.26585/chlab.2013..42.020}

TY - JOUR
AU - JEONGTAEBEOM
TI - Earnings Response Coefficient of Chinese Firms
JO - JOURNAL OF CHINESE STUDIES
PY - 2013
VL - null
IS - 42
PB - CHINESE STUDIES INSTITUTE
SP - 481
EP - 500
SN - 1229-3806
AB - Financial statements have two major accounting information which are book value of net assets and net income. According to the previous researches, the Chinese firm whose stock is listed on Korea stock market shows significantly large earnings management and has less value relevance of accounting information comparing with Korean companies. However net income has the incremental explanation power on the stock value. In this research, the earnings response coefficient(ERC) of Chinese firms is analyzed empirically using the unexpected earnings and cumulative abnormal returns of stock price to confirm the information content and usefulness of net income. The results produces evidence that ERC of Chinese firms is as significant as that of Korean firms. It means that Chinese firms’ accounting income can be used properly when measuring the business analysis.
KW - Chinese firms;Earnings Response Coefficient;Unexpected earnings;Abnormal returns
DO - 10.26585/chlab.2013..42.020
ER -

JEONGTAEBEOM. (2013). Earnings Response Coefficient of Chinese Firms. JOURNAL OF CHINESE STUDIES, 42, 481-500.

JEONGTAEBEOM. 2013, "Earnings Response Coefficient of Chinese Firms", JOURNAL OF CHINESE STUDIES, no.42, pp.481-500. Available from: doi:10.26585/chlab.2013..42.020

JEONGTAEBEOM "Earnings Response Coefficient of Chinese Firms" JOURNAL OF CHINESE STUDIES 42 pp.481-500 (2013) : 481.

JEONGTAEBEOM. Earnings Response Coefficient of Chinese Firms. 2013; 42 : 481-500. Available from: doi:10.26585/chlab.2013..42.020

JEONGTAEBEOM. "Earnings Response Coefficient of Chinese Firms" JOURNAL OF CHINESE STUDIES no.42(2013) : 481-500.doi: 10.26585/chlab.2013..42.020

JEONGTAEBEOM. Earnings Response Coefficient of Chinese Firms. JOURNAL OF CHINESE STUDIES, 42, 481-500. doi: 10.26585/chlab.2013..42.020

JEONGTAEBEOM. Earnings Response Coefficient of Chinese Firms. JOURNAL OF CHINESE STUDIES. 2013; 42 481-500. doi: 10.26585/chlab.2013..42.020

JEONGTAEBEOM. Earnings Response Coefficient of Chinese Firms. 2013; 42 : 481-500. Available from: doi:10.26585/chlab.2013..42.020

JEONGTAEBEOM. "Earnings Response Coefficient of Chinese Firms" JOURNAL OF CHINESE STUDIES no.42(2013) : 481-500.doi: 10.26585/chlab.2013..42.020