국제회계기준 수렴전후 중국 상장회사의 이익조정과 가치관련성

Chinese Accounting instituion(Chinese Accounting Standards for Business Enterprises :2006) which is outlined under IFRS became mandatory for all listed Chinese enterprises from January 1st, 2007. This study is focused on the detecting of earnings management and accounting information value-relevant of listed co. before and after the convergence of chinese accounting institution with IFRS empirically in Chinese stock market. This paper provides evidence whether firms’accountants manage and manipulate reported earnings or not around the reforms of accounting institution in year 2007, using financial data of the listed co.from 2003 to 2013 in China. The evidence found in this paper is that earnings management increased after 2007 reforms of accounting institution in China. because accountants can manage earings at their 's own discretion because of changing from rule-basis to principle-basis probably and application of the fair value. The association between a book’s value relevance of accounting information was decreased but earnings per share was increased after IFRS conversion. The conclusion in this paper is that the quality of accounting information can not be increased by the full-adoption or convergence with IFRS/IAS unconditionally. Especially, We must be rigorous before application of the fair value