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- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 1834-7649
- DOI
- 10.1108/IJAIM-09-2018-0101
- Publisher site
- See Article on Publisher Site
Abstract
PurposeThis study sought to evaluate the relationship between value relevance of financial information and conditional conservatism of non-financial companies listed in China.Design/methodology/approachUsing panel data comprising of 28,723 firm years, the authors determine the value relevance of financial information before and after mandatory International Financial Reporting Standards (IFRS) adoption while incorporating the relationship with conditional conservatism. The authors further examined how this relationship varies between state and non-state owned companies.FindingsConditional conservatism is positively (negatively) related to value relevance prior (post) to mandatory IFRS adoption while it makes no difference as to whether a company is state or non-state owned, as IFRS has a positive and significant effect on value relevance. Conservatism, on the other hand, has a negative and insignificant relationship with market value of both state and non-state owned firms during the pre- and post-IFRS period.Originality/valueBy exploring an emerging economy, the authors provide evidence on the variations in value relevance amongst state and non-state owned firms. In particular, the authors establish the positive effect of IFRS on the value relevance of non-state firms as compared to state-owned institutions.
Journal
International Journal of Accounting and Information Management – Emerald Publishing
Published: Oct 7, 2019