3Core, E. , Guay, R. &Buskirk V. (2001). Market valuation in the new economy : an investigation of what has changed. Working paper. University of Pennsylvania.
4Francis, J. &Schipper, K. ( 1999 ). Have financial statements lost their relevance? Journal of Accounting Research 37 (2) , 319 - 353.
5You, J. &Luo, S. ( 2009 ). Accounting internationalization and value relevance of accounting earnings in China. Business Research China, 3 (2), 171 - 189.
6Hung, M. &Subramanyam, K. R. ( 2007 ). Financial statement effects of adopting international accounting standards:the case of Germany. Review of Accounting Studies, 12(4) ,623 -657.
7Leuz, C. ( 2003 ). IAS versus U. S. GAAP : Information asymmetry based evidence from Germany's new market. Journal of Accounting Research ,41 ( 3 ).
8Ashbaugh, H. ( 2001 ). Non-US firms accounting standard choices. Journal of Accounting and Public Policy, 20 ( 2 ), 129 - 153.
9Bao, B. &Chow, L. (1999). The usefulness of earnings and book value for equity valuation in emerging capital markets:evidence from listed companies in the People's Republic of China. Journal of International Financial Management and Accounting, 10 ( 2), 85 - 104.
10Ashbaugh, H. &Pincus, M. ( 1995 ). International accounting standards, diversity in accounting standards, and the predictability of earnings. Working paper, University of Iowa.