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Accounting standard changes and foreign analyst behavior: award from china Yutao Wanga, , , Yu Houb, Xiaolin Chenc a school of Accountancy, Central University of Finance and Economics, chinaware b Rotman School of Management, University of Toronto, Toronto, Canada c School of Accounting, Jiujiang University, China reliable 4 May 2010. sure 9 September 2010. ready(prenominal) online 30 April 2012. http://dx.doi.org/10.1016/j.cjar.2012.02.001, How to make or Link Using inside Cited by in Scopus (0) Permissions & angstrom; Reprints Abstract This study investigates changes in foreign analyst behavior beforehand and afterwards Chinese New Accounting Standards was implemented during 2007. The empirical results show that after the saucy story standards were implemented, augur faulting among foreign analysts decreased in both absolute and comparative terms in equality with domestic analysts, and foreign analysts forecast earnings more oftentimes than they di d before the new be standards. These results imply that the implementation of new explanation standards in the Chinese jacket market helped rationalise both information unbalance between listed firms in China and foreign investors, and the home solidus of foreign analysts. It also change magnitude the attractiveness of listed firms and facilitated international converse and cooperation.

This study also has hearty implications for how resource allocation efficacy in the Chinese capital market can be raised and how the introducing in insurance should be assessed. Keywords New account statement standards; Analyst forecasts; Forecast delusion JEL! classification G14; G20; M41 1. Introduction This paper explores the effect of IFRS adoption in the Chinese stock market on foreign investors by examining its impact on foreign analyst behavior. The new accounting standards issued on January 1, 2007 represent a significant systematic reform of accounting standards and were a major measure by which the piss in, going...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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