Dissertation
Dissertation > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management

Non-recurring items of information disclosure of listed companies in China regulatory effectiveness research

Author WangQiong
Tutor ChenSiXiong
School Huaqiao University
Course Business management
Keywords Non-recurring items Information content Value relevance
CLC F275
Type Master's thesis
Year 2011
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In order to improve the quality of earnings information of listed companies in China, the China Securities Regulatory Commission in a number of finance regulations and information disclosure norms in using the concept of \Listed companies in the process of disclosure of non-recurring gains and losses several misunderstandings, misstatements, false negatives as well as the phenomenon of earnings management deliberately manipulated the non-recurring gains and losses statements whitewash, seriously endangering the continuity and stability of the listed company, also damage the legitimate rights and interests of investors and other stakeholders, to trigger a series of negative consequences. SFC is to reduce the number of such phenomenon, the listed companies to more accurately reflect its profitability, improve the quality of financial information disclosed to protect the legitimate rights and interests of investors, and continuously revised adjusted for non-recurring gains and losses related policies. Based on the above facts, as defined from the concept of non-recurring gains and policy and project revisions starting to review the revised policy on non-recurring gains and losses over the years, the evolution of the use of basic accounting theory to explain the disclosure of \necessity, combined with specific market background and changes in accounting standards to illustrate the evolution of the policy of non-recurring gains and losses, and comparison of the different periods of non-recurring gains and policy. Empirical research, the use of statistical analysis method, specific analysis of earnings per share and A-share listed company after deducting non-recurring gains and losses, net of non-recurring gains and losses, net capital gains rate and stock price, from an investor's decision usefulness perspective research of our superiors company disclosed net of non-recurring gains and losses after the information content of accounting earnings indicators discussed the necessity of disclosure after deducting non-recurring gains and earnings per share targets. Differences in correlation value by superiors company disclosed deducting non-recurring gains and losses Accounting Earnings analysis to verify whether the disclosure of the new system from substantially improve the decision usefulness of accounting information. Finally, according to the results of the analysis and empirical research on norms of non-recurring gains and losses of listed companies, the proposed countermeasures and suggestions. The contribution of this paper research disclosure policy of non-recurring gains and losses are reflected in two aspects: 1, through the evolution of non-recurring gains and losses over the years to amend the policy review, comparison of different periods of non-recurring gains and policy for the future non-recurring profit or policy development direction reference. Accounting Earnings after deducting non-recurring gains and useful decision making, take empirical research method to compare the effect of China's Securities Regulatory Commission about the implementation of the disclosure of non-recurring gains and policy inspection policy disclosures from substantially improved disclosure of non-recurring gains and losses provide a theoretical basis.

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