Does quality of accounting standards improve value-relevance of accounting information in emerging markets?
Pertenece a: HKUST Institutional Repository $archive.titulo–> Descripción: This paper examines the relationship between the quality of accounting information and its value-relevance using the setting of three different markets of China-originated stocks: A-, B-, and H-shares. All three types of shares are issued by companies in China, but they are traded in different markets and by different participants. A-shares are traded in China’s stock markets in Shanghai and Shenzhen by domestic investors, B-shares are traded in the same two markets by foreign investors, and H-shares are traded in Hong Kong. In order to meet the demand of different investors, the three types of companies follow different accounting standards and undergo different auditing processes. A-share companies report financial statements based on the Chinese Accounting Standards (CAS), B-shares on the International Accounting Standards (IAS), and H-shares on the Hong Kong Accounting Standards (HKAS). A-share companies ar
