The Value-relevance of Accounting Information for Business Combinations

• 영문명: The Value-relevance of Accounting Information for Business Combinations
• 발행기관: 한중경제문화학회
• 저자명: Liu, Lina Wang, Xuerong
• 간행물 정보: 『한중경제문화연구』제3권, 253~269쪽, 전체 17쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2014.08.31

영문 초록

To study the value-relevance of accounting information for business combinations in Chinese capital market, this paper uses Ohlson(1995) residual income valuation model to empirically examine the correlation among the enterprise stock price, consolidated earnings, consolidated book values, goodwill and earnings of combined party that have been realized prior to the combination. Empirical results show that the value-relevance of accounting information for purchase combinations is higher than that for pooling combinations, and accounting method employed is one of the important reasons. Furthermore, we put forward some corresponding policy recommendations to improve the value-relevance of accounting information for pooling combinations.

목차

Ⅰ. Introduction

Ⅱ. Research Status and Literature Review

Ⅲ. Research Hypothesis and Design

Ⅳ. Empirical Results and Analysis

Ⅴ. Conclusion

키워드

capital market business combinations accounting information value-relevance