Other Comprehensive Earnings,Analyst Tracking,Stock Price Crash Risk

The usefulness of accounting information has always been an important issue in the study of accounting scholars and is also the most concerned issue of information users.The disclosure of information users of financial statements in part by the public information,in order to improve the integrity of financial information,and international norms put forward the concept of comprehensive income and other comprehensive income,and in order to keep the convergence with international standards,our country puts forward the concept of other comprehensive income in 2009,and clearly require disclosure of other comprehensive income amount in the income statement.In 2014,the ministry of finance of China revised and promulgated the accounting standards for enterprises no.30--presentation of financial statements,which changed other comprehensive income from the notes to the disclosure of financial statements,and required the classification and detailed presentation of other comprehensive income in the income statement.The change of the criterion of other comprehensive income in China shows the importance of other comprehensive income,and the users of accounting information also pay more attention to the accounting information contained in other comprehensive income.To some extent,the change in the reporting mode of other comprehensive earnings improves the transparency of information,but whether the change will affect the analyst's prediction and the risk of stock price crash,and whether the change in the disclosure position of other comprehensive earnings will affect the stock price crash through affecting the analyst's tracking is a question to be studied in this paper.This paper takes the revision of financial statement standards in 2014 as the background,selects the financial data of a-share listed companies in Shanghai and Shenzhen from 2009 to 2017 as the research sample,and makes research according to the above mentioned problems.The results show that,First of this,the changes of other comprehensive income presentation methods will improve the accuracy of analyst's prediction,and the results are relatively significant;Second,the accuracy of analyst's prediction can significantly reduce the risk of stock price crash;And the last,other comprehensive earnings can significantly reduce the risk of stock price crash by improving the accuracy of analyst's prediction,indicating that the change in the disclosure position of other comprehensive earnings can intensify the relationship between analyst's prediction and stock price crash.The study of this paper has important theoretical and practical significance in understanding the role of other comprehensive income in analysts' forecasts and the stock market,especially after the revision of relevant financial accounting standards and the change of other comprehensive income reporting methods.