Analysis of the Value Relevance on International Financial Reporting Standards Fair Value in China

중국의 국제기업회계기준 공정가치의 가치 관련성 분석

  • Kim, Dong-Il (Dept. of Business Administration, Pusan National University)
  • Received : 2014.05.16
  • Accepted : 2014.09.20
  • Published : 2014.09.28


This study is analyzed using the Shanghai stock market and Shenzhen stock market data in order to analyze the usefulness of accounting information to appear from the introduction of international accounting standards in China. Summarized the relevant previous researches for objective study approach, studied the hypothesis based on the empirical analysis and set a hypothesis as adjusting the stuffs to fix in this research model. In this study, Analyzed the hypothesis to input of detailed variables for analyzing the value relevance between periods before fair value and after fair value. Also, in this hypothesis study, analyzed and estimated to affect the quality of information the acceptant period when compare with acceptant periods and before periods of fair value. These results suggested that impact the net asset value per share and earnings per share of the company because the value of the relationship had statistically significant at the level of relevance. Therefore, in the future studies about fair value assessment, will be expected that usefulness of the enterprise value evaluation method enable to discuss it such as critical sucess factors.


IFRS;Fair Value;Value Relevance;China


Supported by : 부산대학교


  1. Chinese Ministry of Finance. ASBE 2006-2013 (2) Accounting Division:
  2. Shen Ying, Jin Yan Chinese Accounting Standards and International Accounting Standards Difference: A Case Study at fair value Intl Accounting Research Vol. 8th, 337-350, 2009.
  3. Luzi Hail, Christian Leuz, and Peter Wysocki. Accounting Hourizons "Global Accounting Covergence and the Potential Adoption of IFRS by the U.S.(Part 1): Conceptual Uuder pinnings and Econmic Analysis, American Accounting Association.(2010), pp.355-394.
  4. Ohlson, J. A. Earnings, Book Values, and Dividends in Equity Valuation. Contemporary Accounting Research11(2): 661-687, 1995.
  5. Barth, M. Landsman, Wayne, Lands, MarkH. Lang., International accounting standards and accounting quality , Journal of Accounting Research Vol.46 No.3, June(2008), pp.467-497.
  6. Collins, D. W., M. Pincus, and H. Xie, "Equity valuation and negative earnings: The role of book value of equity," The Accounting Review, 74, (1999), pp. 29-61.
  7. Maydew, E. L., Collins, D. W. and I. S. Weiss, "Changes in value-relevance of earnings and book values over the past forty years," Journal of Accounting and Economics, 24,(1997), pp. 39-67,
  8. Comments on Cash Flow implementation effect Accounting Standards Study 2:: Zhao Chunguang, cash flow value empirical research relevance. 29-35, 2004.
  9. Wangai Qin, Yang Xueting. "Toward international accounting standards with Chinese characteristics of the road." Border Economy and Culture, 2009.
  10. Denis Cormier, Samira Demaria, Pascale Lapointe-Antunes, and Robert Teller, First-Time Adopting of IFRS, Managerial Incentives, and Value-Relevance: Some Franch Evidence, Journal of International Accounting Research 8(2). pp.31-55.(2009), pp.1-22.