| 摘要 | 第6-8页 |
| Abstract | 第8页 |
| 1 Introduction | 第9-12页 |
| 2 Backgrounds | 第12-15页 |
| 2.1 Important modifications in CAS 2006 | 第13-14页 |
| 2.2 Current main difference between CAS and IFRS | 第14-15页 |
| 3 Literatures Review | 第15-25页 |
| 3.1 Earnings quality proxy | 第15-21页 |
| 3.1.1 Earnings smoothness | 第16-18页 |
| 3.1.2 Target beating(managing towards positive earnings) | 第18-19页 |
| 3.1.3 Timely Ioss recognition | 第19-20页 |
| 3.1.4 Value-relevance | 第20-21页 |
| 3.2 Comparison between different accounting standards | 第21-25页 |
| 3.2.1 Compa rison between the pre-adoption and post adoption pe riod of the new CAS | 第21-23页 |
| 3.2.2 Comparison between CAS and IFRS | 第23-25页 |
| 4 Research Design | 第25-34页 |
| 4.1 Control variables | 第25-26页 |
| 4.2 Model development and test statistics | 第26-34页 |
| 4.2.1 Variance of the change in net income | 第27-28页 |
| 4.2.2 The va riance of change in net income relatively to variance of change in cash flow | 第28-29页 |
| 4.2.3 The va riance of change in net lncome minus change in cash flow | 第29-30页 |
| 4.2.4 Target beating(earnings management towards small profit) | 第30页 |
| 4.2.5 Timely loss recognition | 第30-31页 |
| 4.2.6 The coefficient of determinants of Value-relevance model | 第31-34页 |
| 5 Sample selection and data description | 第34-43页 |
| 5.1 Selection of samples | 第34-36页 |
| 5.1.1 Listed stock exchange and home country selection | 第34-35页 |
| 5.1.2 Time horizon | 第35页 |
| 5.1.3 Samples selection | 第35-36页 |
| 5.2 Data description | 第36-43页 |
| 5.2.1 Data breakdown | 第36-40页 |
| 5.2.2 Descriptive statistics relating to variables | 第40-43页 |
| 6 Results of empirical tests | 第43-53页 |
| 6.1 Earnings smoothing | 第43-47页 |
| 6.1.1 The variarice of the change in net income | 第44-45页 |
| 6.1.2 The variance of change in net income over change in cash flow | 第45-46页 |
| 6.1.3 The variance of the difference between change in net income and change in cash flow | 第46-47页 |
| 6.2 Target beating(earnings management towards small profits) | 第47-49页 |
| 6.3 Timely loss recognition | 第49-50页 |
| 6.4 Value-relevance | 第50-53页 |
| 7 Explanation of results | 第53-61页 |
| 7.1 General explanation | 第53-54页 |
| 7.2 Factors that affect the fitness of value-relevance model | 第54-61页 |
| 7.2.1 Low explanatory power of the value-relevance model | 第54页 |
| 7.2.2 The fundamental performance of the firms | 第54-55页 |
| 7.2.3 The perception of investor in US market | 第55页 |
| 7.2.4 The relatively low valuation from US market | 第55-56页 |
| 7.2.5 The illiquidity of US markets for Chinese listed firms | 第56页 |
| 7.2.6 Disclosure trouble of Chinese firms | 第56-57页 |
| 7.2.7 Domino effect for Chinese firms | 第57-60页 |
| 7.2.8 Impact of these factors on the fitness of value-relevance model | 第60-61页 |
| 8 Limitation of the research | 第61-64页 |
| 8.1 The time selection limitation | 第61页 |
| 8.2 Data accessibility | 第61-62页 |
| 8.3 Non accounting system factors | 第62-63页 |
| 8.4 The concept of accounting quality itself | 第63-64页 |
| 9 Conclusions and suggestions | 第64-66页 |
| References | 第66-73页 |
| 致谢 | 第73-74页 |
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