The Attributes of Transitory Earnings of Accounting Standards change

• Main Author: 陳雅惠
• Other Authors: 康淑珍
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/23579788949026966826

碩士 === 逢甲大學 === 會計學系 === 103 === On 2012, it was officially confirmed that domestic investors would be allowed to trade in Chinese stock markets. It has become an important research topic. This study is to explore whether the implementation of Chinese new accounting standards affects the attributes of transitory earnings of Chinese listed companies. The research sample covers all the listed company in Shanghai capital market from year 2001 to 2012. This study applies the linear information model and the accounting-based valuation model by Ohlson (1995). The results show that before adopting International Financial Reporting Standards ：1. Transitory earnings could justify forecast irrelevance, which means when giving the information of persistent earnings, transitory earnings could not forecast the earnings for the next period. 2. Transitory earnings have persistence. 3. Transitory earnings have value relevance. 4. Transitory earnings can reflect the efforts of the management authority. After the adoption of International Financial Reporting Standards：1. Transitory earnings could not forecast the earnings for the next period. 2. Transitory earnings have persistence. 3. Transitory earnings have value relevance. 4. Transitory earnings can reflect the efforts of the management authority. Furthermore, our results also indicate that the attributes of transitory earnings will vary depending by industries.