Online Resource
Springer Science and Business Media LLC
;
2013
In:
China Accounting and Finance Review Vol. 15, No. 1 ( 2013-03)
In:
China Accounting and Finance Review, Springer Science and Business Media LLC, Vol. 15, No. 1 ( 2013-03)
Abstract:
This paper investigates whether the usefulness of accounting profitability in debt contracts changes after the adoption of the new Chinese accounting standards (“NCAS”) in 2007. We find that the sensitivity of new debts to accounting profitability declines after the adoption and that firms are heavily influenced by the adoption of the new accounting standards and experience a more significant decrease in sensitivity. Moreover, such a decrease in sensitivity is more pronounced for non-state-owned companies than for state-owned companies. Overall, our results indicate that the usefulness of accounting profitability decreases after the adoption of the new accounting standards.
Type of Medium:
Online Resource
ISSN:
2307-3055
DOI:
10.7603/s40570-013-0003-x
Language:
Chinese
Publisher:
Springer Science and Business Media LLC
Publication Date:
2013
detail.hit.zdb_id:
2842802-X
Permalink
|
Location |
Call Number |
Limitation |
Availability |