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Title: Earnings quality, information quality and investor protection : evidence from Chinese non-tradable shares reform
Other Titles: Ying yu zhi liang, xin xi zhi liang he tou zi zhe bao hu : lai zi yu Zhongguo gu quan fen zhi gai ge de zheng ju
盈餘質量, 信息質量和投資者保護 : 來自于中國股权分置改革的證據
Authors: She, Zhongqiang (佘中強)
Department: Dept. of Accountancy
Degree: Master of Philosophy
Issue Date: 2007
Publisher: City University of Hong Kong
Subjects: Corporations -- China -- Accounting
Stock exchanges -- China
Notes: CityU Call Number: HG5782.S5135 2007
Includes bibliographical references (leaves 74-84)
Thesis (M.Phil.)--City University of Hong Kong, 2007
iii, 84 leaves ; 30 cm.
Type: Thesis
Abstract: This dissertation examines the roles of earnings quality and information quality with regard to capital reform of the Chinese stock market. This is the first study of its kind to show that lower information quality and poor earnings quality will result in a higher “total compensation amount” to holders of tradable shares when switching non-tradable capital stock into tradable shares. The total compensation amount is the amount that holders of tradable shares receive in compensation for their losses due to the conversion of non-tradable shares into tradable shares. Earnings quality was measured by accruals quality to test hypotheses about the relationships between earnings quality, information quality and the total compensation amount. The regression results of 1,290 Chinese listed-companies which are involved in the capital reform confirm that lower earnings quality leads to higher compensation to holders of tradable shares and that the total compensation amount increases as information quality decreases. Key Words: Earnings Quality, Information Quality, Investor Protection, “Non-tradable Shares Reform”, Compensation, Chinese Stock Market
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Appears in Collections:AC - Master of Philosophy

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