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Aggregate Accounting Earnings and Security Returns: China Evidence and the Replication of US Results

Aggregate Accounting Earnings and Security Returns: China Evidence and the Replication of US Results
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出处 《中国会计与财务研究》 2014年第2期107-127,共21页 China Accounting and Finance Review
关键词 美国市场 中国市场 复制 会计 证据 返回 安全 盈余 Aggregation, Long Intervals, Returns-Earnings Association
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参考文献13

  • 1Beaver, W. H., Lambert, R., and Morse, D. (1980), 'The Information Content of Security Prices', Journal of Accounting and Economics 2 (l): 3-28.
  • 2Brown, L. D., Hagerman, R., Griffin, P., and Zmijewski, M. (1987), 'An Evaluation of Alternative Proxies for the Market's Assessment of Unexpected Earnings', Journal of Accounting and Economics 9 (2): 159-194.
  • 3Chen, 0., Lee, B., and Rui, O. (2001), 'Foreign Ownership Restrictions and Market Segmentation in China's Stock Markets', Journal of Financial Research 24 (1): 133-155.
  • 4Easton, P., Harris, T., and Ohlson, J. (1992), 'Aggregate Accounting Earnings Can Explain Most of Security Returns', Journal of Accounting Economics 15 (2-3): 119-142.
  • 5Fan, J. P., Wong, T., and Zhang, T. (2007), 'Politically Connected CEOs, Corporate Governance, and Post-IPO Performance of China's Newly Partially Privatized Firms', Journal of Financial Economics 84 (2): 330-357.
  • 6Girardin, E. and Liu, Z. (2003), 'The Chinese Stock Market: A Casino with "Buffer Zones"?', Journal of Chinese Economic and Business Studies 1 (1): 57-70.
  • 7Jian, M. and Wong, T. (2010), 'Propping through Related Party Transactions', Review of Accounting Studies 15 (1): 70-105.
  • 8Jiang, 0., Lee, C., and Yue, H. (2010), 'Tunneling through Intercorporate Loans: The China Experience', Journal of Financial Economics 98 (1): 1-20.
  • 9Kendall, M. (1938), 'ANew Measure of Rank Correlation', Biometrika 30 (1-2): 81-89. Lev, B. (1989), 'On the Usefulness of Earnings: Lessons and Directions from Two Decades of Empirical Research', Journal of Accounting Research 27 (Supplement): 153-192.
  • 10Longstaff, F. (2010), 'The Subprime Credit Crisis and Contagion in Financial Markets', Journal of Financial Economics 97 (3): 436-450.

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