The market reaction to fair value accounting adoption
碩士 === 國立政治大學 === 會計研究所 === 98 === This research from four aspects, business cycle, financial reporting quality, earnings management, and corporate governance, examines that Taiwan stock market reaction to the seventeen events associated with adoption of Fair Value Accounting (FVA). The empirical re...
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ndltd-TW-098NCCU53850332015-10-13T18:16:15Z http://ndltd.ncl.edu.tw/handle/19511934143731823032 The market reaction to fair value accounting adoption 公平價值會計對市場異常報酬之影響 康玉燕 碩士 國立政治大學 會計研究所 98 This research from four aspects, business cycle, financial reporting quality, earnings management, and corporate governance, examines that Taiwan stock market reaction to the seventeen events associated with adoption of Fair Value Accounting (FVA). The empirical results reveal that due to Fair Value Accounting’s procyclical effect, when economic is booming the market tends to positively react with FVA and banking industry displays a higher procyclical effect than other industries. The study also finds that with FVA investors tend to have positive reaction on firms’ pre-adoption information with lower financial quality, higher earnings management possibility and weaker corporate governance. The findings suggest that the FVA adaption increased the quality of financial reporting, reduced earning management and decreased information asymmetry. In the meantime, the FVA links financial reporting with business cycle which might aggravate the financial reporting’s fluctuation. 林良楓 王儷玲 2010 學位論文 ; thesis 114 zh-TW |
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碩士 === 國立政治大學 === 會計研究所 === 98 === This research from four aspects, business cycle, financial reporting quality, earnings management, and corporate governance, examines that Taiwan stock market reaction to the seventeen events associated with adoption of Fair Value Accounting (FVA).
The empirical results reveal that due to Fair Value Accounting’s procyclical effect, when economic is booming the market tends to positively react with FVA and banking industry displays a higher procyclical effect than other industries. The study also finds that with FVA investors tend to have positive reaction on firms’ pre-adoption information with lower financial quality, higher earnings management possibility and weaker corporate governance. The findings suggest that the FVA adaption increased the quality of financial reporting, reduced earning management and decreased information asymmetry. In the meantime, the FVA links financial reporting with business cycle which might aggravate the financial reporting’s fluctuation.
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林良楓 |
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林良楓 康玉燕 |
author |
康玉燕 |
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康玉燕 The market reaction to fair value accounting adoption |
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康玉燕 |
title |
The market reaction to fair value accounting adoption |
title_short |
The market reaction to fair value accounting adoption |
title_full |
The market reaction to fair value accounting adoption |
title_fullStr |
The market reaction to fair value accounting adoption |
title_full_unstemmed |
The market reaction to fair value accounting adoption |
title_sort |
market reaction to fair value accounting adoption |
publishDate |
2010 |
url |
http://ndltd.ncl.edu.tw/handle/19511934143731823032 |
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