| Summary: | 碩士 === 銘傳大學 === 會計學系碩士班 === 97 === The main purpose of this research is to analyze the impact of new accounting standards (New CAS) to the accounting quality of listed company in China. The proxies of accounting quality include earning management, earning conservatism, and value relevance. Our sample use financial statement data of listed company in China from 2006 to 2007. The first result is about earning management. Variances of the change in net income are significantly positive associated with New CAS. It means that New CAS restrains listed company proceeds earning smoothing to avoid high change of earning. Absolute values of discretionary accruals are not signicant negative association with New CAS. It means that New CAS is not related to discretionary accruals. And managing towards positive earnings is signicant negative association with New CAS. So under New CAS practice, the phenomon of managing towards positive earnings is decrease. Second, with regard to earning conservatism, large negative earning is not significantly negative associated with New CAS. It means that New CAS is not related to large negative earning. Tempory loss persistence is significantly negative associated with New CAS. It means that the persistence of negative earning change is lower than positive earning change. Third, in aspect of value relevance, both of price and return are signicantly positive with New CAS. After New CAS practice, under the accounting-based fair value, the informativeness of earning has improvement. In the same time, New CAS has positive response in stock market and improves the relation of earning and price.
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