会计学术联盟年第一届学术年会(山东财大，12月1-2日)

青年会计学者联合发起会计领域NO.1高端自媒体

分享信息，传正能量，交流学术

广交朋友，整合资源，服务成长

本期主要介绍会计准则研究的最新论文，以及过往与该研究相关的论文介绍：

WhoBenefitsFromIFRSConvergenceinChina?

JournalofAccounting,AuditingandFinance

FirstPublishedFebruary15,

ChaoChen(FudanUniversity)

EdwardLee(UniversityofManchester)

GeraldJ.Lobo(UniversityofHouston)

JessieZhu;(UniversityofToronto)

Abstract:

WestudytheexantestockmarketreactionstoeventsleadinguptoChina’sconvergencetoInternationalFinancialReportingStandards(IFRS).TheliteratureconsistentlyshowsthatthebenefitsofmandatoryIFRSconvergenceareconcentratedincountrieswithstrongerlegalenforcementandinvestorprotection.GiventhattheseinstitutionalcharacteristicsareweakerinChinarelativetomoredevelopedWesterneconomies,whethermandatingIFRSwillbenefittheChinesecapitalmarketisaninterestingandimportant,butunansweredquestion.WefindthattheChinesestockmarketreactsfavorablytoeventsleadinguptoIFRSconvergence,andthiseffectismorepronouncedamongfirmswithgreaterdependenceonexternalcapital.ThisresultsuggeststhemarketanticipatesthatsuchfirmswillbenefitmorefromIFRSconvergence,possiblybecauseofimprovedfinancialreportingqualityandaccesstoexternalfinancing.AdditionaltestsconfirmthatthevaluerelevanceofaccountingnumbersforthesefirmsishigherfollowingIFRSconvergence.

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