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Research On Information Content And Market Response Of A-share Listed Companies' Comprehensive Income

Posted on:2018-12-28Degree:MasterType:Thesis
Country:ChinaCandidate:X L ZhangFull Text:PDF
GTID:2359330518463409Subject:Accounting
Abstract/Summary:PDF Full Text Request
In 2009,China's ministry of finance issued the Interpretation No.3 of Accounting Standards.The concept of comprehensive income was formally introduced to Chinese Accounting Standards.At the beginning of2014,Chinese accounting standards was revised in a large-scale,this revision made further definition of comprehensive and its accounting treatment methods.This is not only to adapt to the development of socialist market economy,but also to trend to consistency with international accounting standards..According to the reality of our country capital market development,on the basis of reading a lot of documentation and summarizing the research achievements of many scholars,this paper has refered to the predecessors' achievements,we chose the financial report data of Chinese A-share companies sample data from 2011 to 2015 to.In the process of research,this paper adopted the adjusted price model and return model to make regression analysis.We estimated the information content and the market respond of comprehensive income by observing the correlation coefficient and the goodness of fit of regression model.Through contrastive the results of these two models,we drew some conclusions:both comprehensive income and net profit has information content,and they can cause market reaction.they Can provide useful information for investors to make decisions.But the information contentof comprehensive income is inferior to the net income;reporting net income and other comprehensive income at the same time can provide incremental information.As you can see from the research results of this paper,the implementation of the comprehensive income reporting pattern in our country have achieved initial success.But due to the restriction of various factors,there are many difficulties and problems in the process of its implementation.Finally,according to the research conclusions,put forward some corresponding suggestions.
Keywords/Search Tags:Comprehensive income, Information content, Market reaction, Price model, Return model
PDF Full Text Request
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