全球會計準則之統合對資本市場國際化的影響
Other Title
The Effects of Global Harmonization of Accounting Standards on
Capital Markets Internationalization
Capital Markets Internationalization
Date Issued
2002
Date
2002
Author(s)
DOI
902416H002010
Abstract
Whether comparability and
earnings quality can increase after a
country adopts International Accounting
Standards (IASs) has long been one of
the international accounting
harmonization debates. In this study, the
debate was investigated by using the data
from six Asian emerging markets, which
have adopted IASs in mid 1990s. Both
earnings/price and book-to-market ratios
were adopted to examine whether
comparability has been improved.
Furthermore, value relevance of
accounting information is considered as
an indicator of earnings quality. A
regression model of 12-month stock
returns on the contemporaneous level and
change in earnings was used to measure
the earnings quality.
The empirical results show that no
significant improvement in the
comparability and earnings quality has
been found in the six Asian emerging
markets after their adoption of IASs. Our
results are basically consistent with those
reported by Ball, Robin and Wu (2000).
They concluded that the earnings quality
may not be improved in a country with
poor economic, legal and political
environment even the IASs are adopted.
Subjects
Asian emerging market,
International Accounting
Standards
International Accounting
Standards
Earnings quality
Comparability
Publisher
臺北市：國立臺灣大學會計學系暨研究所
Type
report
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