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Essays on accounting earnings charac...

Ma, Tao.

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Essays on accounting earnings characteristics.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Essays on accounting earnings characteristics./
Author:	Ma, Tao.
Description:	181 p.
Notes:	Source: Dissertation Abstracts International, Volume: 72-06, Section: A, page: .
Contained By:	Dissertation Abstracts International72-06A.
Subject:	Business Administration, Accounting. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3450472
ISBN:	9781124591407

Essays on accounting earnings characteristics.
Ma, Tao.

Essays on accounting earnings characteristics. - 181 p.

Source: Dissertation Abstracts International, Volume: 72-06, Section: A, page: .

Thesis (Ph.D.)--Washington University in St. Louis, 2011.

This dissertation is dedicated to identify the effect of (the first paper) and the demand for certain earnings characteristics (the second and third paper). My first paper examines the effect of earnings quality on information flow and equity prices in the Chinese domestic A- and foreign B-share markets. I find that both the ability of A-share returns to predict B-share returns and the B-share discount are negatively correlated with various measures of earnings quality, suggesting that earnings quality can reduce information asymmetry between domestic and foreign investors in the Chinese stock market. Given that information asymmetry between domestic and foreign investors can deter foreign investment, my results suggest providing high quality accounting information can facilitate foreign investment. The second (coauthored with Richard Frankel, Bong Hwan Kim, and Xiumin Martin) and third paper (co-authored with Xiumin Martin) examine how debt holders affect borrowing firms' earnings characteristics. I find that after the initiation of loan contracts requiring the provision of aging schedules, borrowing firms' bad debt expense recognition increases significantly. Debt holders also demand more timely recognition of losses than gains when borrowing firms' CEO compensation induce high preference for risk. Both sets of results are consistent with the notion that debt holders prefer conservative accounting policy. The combined results indicate that accounting information is useful in reducing information asymmetry among equity holders and as well as in mitigating agency costs between equity holders and debt holders.

ISBN: 9781124591407Subjects--Topical Terms:

1020666
Business Administration, Accounting.

Essays on accounting earnings characteristics.
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020 $a 9781124591407
035 $a (UMI)AAI3450472
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100 1 $a Ma, Tao. $3 1680454
245 1 0 $a Essays on accounting earnings characteristics.
300 $a 181 p.
500 $a Source: Dissertation Abstracts International, Volume: 72-06, Section: A, page: .
500 $a Adviser: Richard Frankel.
502 $a Thesis (Ph.D.)--Washington University in St. Louis, 2011.
520 $a This dissertation is dedicated to identify the effect of (the first paper) and the demand for certain earnings characteristics (the second and third paper). My first paper examines the effect of earnings quality on information flow and equity prices in the Chinese domestic A- and foreign B-share markets. I find that both the ability of A-share returns to predict B-share returns and the B-share discount are negatively correlated with various measures of earnings quality, suggesting that earnings quality can reduce information asymmetry between domestic and foreign investors in the Chinese stock market. Given that information asymmetry between domestic and foreign investors can deter foreign investment, my results suggest providing high quality accounting information can facilitate foreign investment. The second (coauthored with Richard Frankel, Bong Hwan Kim, and Xiumin Martin) and third paper (co-authored with Xiumin Martin) examine how debt holders affect borrowing firms' earnings characteristics. I find that after the initiation of loan contracts requiring the provision of aging schedules, borrowing firms' bad debt expense recognition increases significantly. Debt holders also demand more timely recognition of losses than gains when borrowing firms' CEO compensation induce high preference for risk. Both sets of results are consistent with the notion that debt holders prefer conservative accounting policy. The combined results indicate that accounting information is useful in reducing information asymmetry among equity holders and as well as in mitigating agency costs between equity holders and debt holders.
590 $a School code: 0252.
650 4 $a Business Administration, Accounting. $3 1020666
690 $a 0272
710 2 $a Washington University in St. Louis. $b Business Administration. $3 1672853
773 0 $t Dissertation Abstracts International $g 72-06A.
790 1 0 $a Frankel, Richard, $e advisor
790 1 0 $a Ding, Jimin $e committee member
790 1 0 $a Gopalan, Radhakrishnan $e committee member
790 1 0 $a King, Ronald $e committee member
790 1 0 $a Martin, Xiumin $e committee member
790 1 0 $a Nachbar, John $e committee member
790 $a 0252
791 $a Ph.D.
792 $a 2011
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3450472