This study investigates whether earnings components are correctly priced by the Chinese investors. Under the Chinese GAAP, total earnings can be easily decomposed into core earnings and non-core earnings. Core earnings are more persistent than non-core earnings and cash flows from operations are more persistent than accruals, as expected. However, the market underestimates (overestimates) the value implications of current core (non-core) earnings for future earnings. Furthermore, the market overprices (underprices) accruals (cash flows from operations). Therefore, future returns adjusted for risk factors identified in this study are predictable by the information contained in the components of current earnings. Both the portfolio tests and regression analysis generate economically significant abnormal returns that are robust to sensitivity checks. Further analysis suggests that there is no significant difference in the extent of mispricing across firms with different characteristics such as transaction costs, arbitrage risks, investor sophistication, or firm size. This could be due to the measurement errors in the proxy variables for these characteristics. / Wu Donghui. / "July 2003." / Advisers: In-Mu Haw; James Xie. / Source: Dissertation Abstracts International, Volume: 64-07, Section: A, page: 2551. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2003. / Includes bibliographical references (p. 121-130). / Available also through the Internet via Current research @ Chinese University of Hong Kong under title: Mispricings of earnings components empirical evidence from China. / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. Ann Arbor, MI : ProQuest Information and Learning Company, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in English and Chinese. / School code: 1307.

The main purpose of this study is to examine the need to modify the theory of accounting to ensure a standardised and comparable approach when accounting and reporting on intellectual capital. A literature review is used to describe intellectual capital categories and how to measure, recognise and report these assets in the financial statements on an entity. Financial reporting operates around strict requirements that are statement of financial position biased posing significant challenges in recognising and disclosing intellectual capital. The study also uses content analysis of corporate annual reports of the top 40 companies listed on the JSE Ltd in 2009 to determine the extent of intellectual capital reporting by these companies. Measuring and recognising intellectual capital in financial reporting is not limited by the requirements in respect of statutory disclosures, discretionary and contextual disclosures are recommended. Results of the content analysis show that companies use these discretionary and contextual disclosures to communicate information on intellectual capital. / Financial Accounting / M. Com. (Accounting)

The purpose of this study was to determine the informational value of FASB Statement No. 33 current cost disclosures using the analytical technique of industry-wide decomposition analysis. The industry-wide decomposition model was used to measure the informational content of both the historical cost balance sheets (reported in the firm's annual reports) and the current cost balance sheets (prepared from the current cost disclosures) of firms in the Electric Services and Retailers industries. The two measures were then compared to determine the informational value of FASB Statement No. 33 current cost disclosures.

Doctorat en sciences sociales, politiques et économiques / info:eu-repo/semantics/nonPublished

International Financial Reporting Standards (IFRS) are required or permitted for use in over 100 countries across the world. IFRS are developed by the International Accounting Standards Board (IASB). The IASB, with no formal or legal mandate, is performing a task normally reserved for national standard-setters. This study sought to establish the legitimacy of IFRS by assessing the due process of the IASB. The study established that countries have different motivations for choosing IFRS which raises legitimacy concerns. The global financial crisis compounded the legitimacy challenges of IFRS by exposing due process vulnerabilities. The study established that the IFRS governance structures are dominated by powerful stakeholders especially members of the G-20. Although the due process procedures provide opportunities for participation, actual participation is still dominated by constituents from Europe. Africa and South America still account for very low proportions of governance seats and participants in standard-setting projects. / Financial Accounting / M. Com. (Accounting)

by Lo Wai Mei. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 74-75). / ACKNOWLEDGEMENTS --- p.i / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.vi / LIST OF CHARTS --- p.vii / CHAPTER / Chapter I --- INTRODUCTION --- p.1 / Chapter 1.1 --- Background --- p.1 / Chapter 1.2 --- Recent Development --- p.2 / Chapter 1.3 --- Objectives of Study --- p.3 / Chapter 1.4 --- Scope of Study --- p.4 / Chapter 1.5 --- Definition of terms --- p.6 / Chapter II --- LITERATURE REVIEW --- p.7 / Chapter 2.1 --- Studies on Corporate Failure --- p.7 / Chapter 2.2 --- Studies on causes and impacts of Corporate Failure --- p.9 / Chapter 2.3 --- Studies on remedial measure and turnaround strategy --- p.11 / Chapter III --- METHODOLOGY --- p.13 / Chapter 3.1 --- Data Analyses --- p.13 / Chapter 3.2 --- Case Studies --- p.14 / Chapter 3.3 --- Limitations --- p.15 / Chapter IV. --- RESULTS FROM DATA ANALYSES --- p.16 / Chapter 4.1 --- Performance trend of 85 loss companies --- p.16 / Chapter 4.1.1 --- Analysis on size of loss --- p.17 / Chapter 4.1.2 --- Analyses on Return on Equity & Operating Profit Margin --- p.18 / Chapter 4.1.3 --- Analysis by Net Asset Value --- p.19 / Chapter 4.2 --- Analyses on Fundamental Features --- p.21 / Chapter 4.2.1 --- Loss companies by Industry --- p.21 / Chapter 4.2.2 --- Loss companies by Listing year --- p.22 / Chapter 4.3 --- Analyses on Operational Management --- p.23 / Chapter 4.3.1 --- Turnover trend over 3 years --- p.23 / Chapter 4.3.2 --- Turnover by Major Activities --- p.24 / Chapter 4.3.3 --- Turnover by Geographical Market Segment --- p.24 / Chapter 4.3.4 --- Analysis on Working Capital Management --- p.25 / Chapter 4.4 --- Analyses on Treasury Management --- p.26 / Chapter 4.4.1 --- Analysis on Capital Structure --- p.26 / Chapter 4.4.2 --- Analyses on Debt Portfolio Management - By Maturity --- p.27 / Chapter 4.4.3 --- Analyses on Debt Portfolio Management 一 Source of Finance --- p.28 / Chapter 4.4.4 --- Analysis on Debt Portfolio Management - Debt by Security --- p.29 / Chapter 4.4.5 --- Analysis on Cash Flow Management --- p.30 / Chapter V. --- CASE STUDIES --- p.31 / Chapter 5.1 --- Wo Kee Hong (Holdings) Ltd --- p.31 / Chapter 5.2 --- Swank International Manufacturing Ltd --- p.35 / Chapter 5.3 --- Kosonic International Holdings Ltd --- p.39 / Chapter 5.4 --- Emperor China (Concept) Ltd --- p.43 / Chapter 5.5 --- Asia Commercial Holdings Ltd --- p.44 / Chapter 5.6 --- Yaohan Hong Kong Corporation Ltd --- p.48 / Chapter VI. --- SUMMARY OF FINDINGS --- p.52 / Chapter 6.1 --- Summary of findings from Data Analyses --- p.52 / Chapter 6.1.1 --- Fundamental Features --- p.54 / Chapter 6.1.2 --- Operational Performance --- p.55 / Chapter 6.1.3 --- Working Capital Management --- p.56 / Chapter 6.1.4 --- Treasury Management --- p.57 / Chapter 6.2 --- Summary of findings from Case Studies --- p.61 / Chapter VII. --- COMMENTS AND RECOMMENDATIONS --- p.64 / Chapter 7.1 --- Recent developments-Major threats faced by HK listed companies --- p.65 / Chapter 7.2 --- Recommendations --- p.69 / Chapter VIII. --- CONCLUSION --- p.73 / BIBLIOGRAPHY --- p.74 / APPENDICES

International Financial Reporting Standards (IFRS) are required or permitted for use in over 100 countries across the world. IFRS are developed by the International Accounting Standards Board (IASB). The IASB, with no formal or legal mandate, is performing a task normally reserved for national standard-setters. This study sought to establish the legitimacy of IFRS by assessing the due process of the IASB. The study established that countries have different motivations for choosing IFRS which raises legitimacy concerns. The global financial crisis compounded the legitimacy challenges of IFRS by exposing due process vulnerabilities. The study established that the IFRS governance structures are dominated by powerful stakeholders especially members of the G-20. Although the due process procedures provide opportunities for participation, actual participation is still dominated by constituents from Europe. Africa and South America still account for very low proportions of governance seats and participants in standard-setting projects. / Financial Accounting / M. Com. (Accounting)

Made available in DSpace on 2015-12-03T18:35:12Z (GMT). No. of bitstreams: 1 Adriano_da_Costa_Andrade.pdf: 1175815 bytes, checksum: 16b9a0577766cebffff52abbc3248678 (MD5) Previous issue date: 2010-03-29 / This thesis has the objective of highlighting the differences between the accounting aspects and the tax impacts under the circunstance of the negotiation of one company through the institute of the incorporation and / or division to replace the institut of the acquisition - purchase and sale. The granting of some fiscal concessions by the Federal Government was what initially motivated the use of these operations, in 1971 it was created the Commission of Fusion and Incorporation of Companies - COFIE - linked to the Ministry of Finance, in order to provide, coordinate and analyze such benefits. The reorganizations are operations of incorporation and / or division known by Americans as a business combination, which since the 90's, with the constant changes that are occurring in Brazil and in the world, has its contribution and importance increased by the benefits brought throught the operations, beyond being extremely relevant values. This research seeks to demonstrate that business organizations are using the incorporation of institutes and divisions to acquire other business endeavors, ie, using the legitimacy of the institution of reorganization for tax advantages, because in essence the operation is an acquisition - buying and selling - replaced by a corporate reorganization. Therefore, the methodology adopted will be the bibliographic research, which as collected through documental and empirical research, tried to highlight the legal aspects, legal doctrine, corporate, tax and accounting schools of merger, demerger and acquisition. The interpretation and analysis were based on the theoretical framework, based on the review of the literature relevant to the study, that was done through a case in a Brazilian petrochemical sector, in which was reorganized through the institute of incorporation, initiated in late 2007 and completed in mid-2009. The purpose was to demonstrate the economy tax through the not taxable income tax and contribution social over net proft through capital gains to shareholders of the merged company, to highlight, in the accounting theory, the question of the essence regarding the form and to make evident the different ways to account for each institute. / Esta disserta????o tem por objetivo evidenciar as diferen??as entre os aspectos cont??beis e os impactos tribut??rios quando a negocia????o de uma empresa se realiza atrav??s da reorganiza????o societ??ria por meio do instituto da incorpora????o - e/ou cis??o em substitui????o ao instituto da aquisi????o - compra e venda. A concess??o de alguns benef??cios fiscais pelo Governo Federal foi o que motivou, inicialmente, o emprego dessas opera????es; no ano de 1971 foi criada a Comiss??o de Fus??o e Incorpora????o de Empresas - COFIE, ligada ao Minist??rio da Fazenda, com a finalidade de conceder, coordenar e analisar tais benef??cios. As reorganiza????es societ??rias s??o opera????es de incorpora????o e/ou cis??o denominadas pelos norte-americanos como business combinations, que, a partir da d??cada de 90, com as constantes modifica????es que est??o ocorrendo no cen??rio brasileiro e mundial, vem tendo sua participa????o e import??ncia ampliadas pelos benef??cios trazidos ??s respectivas opera????es, al??m de serem valores relevantes. Nesta pesquisa, procura-se evidenciar que as organiza????es empresariais est??o utilizando os institutos da incorpora????o e cis??o para adquirir outros empreendimentos empresariais, ou seja, utilizando-se da licitude da instituto da reorganiza????o societ??ria para obter vantagens tribut??rias, por que na ess??ncia a opera????o ?? uma aquisi????o - compra e venda - substitu??da por uma reorganiza????o societ??ria. Para tanto, a metodologia adotada ser?? pesquisa bibliogr??fica; os dados da pesquisa ser??o coletados por meio de pesquisa documental e emp??rica, em que se procurou evidenciar os aspectos legais, jur??dicos doutrin??rios, societ??rios, tribut??rios e cont??beis dos institutos de incorpora????o, cis??o e aquisi????o. A interpreta????o e an??lise dos dados embasou-se no referencial te??rico, fundamentado na revis??o da literatura pertinente ?? ??rea de estudo, sendo a pesquisa feita mediante um estudo de caso em uma empresa brasileira do setor petroqu??mico, que se reorganizou por interm??dio do instituto da incorpora????o, iniciada no final de 2007 e conclu??da em meados de 2009. O prop??sito foi de demonstrar a economia tribut??ria por meio da n??o tributa????o do imposto de renda da pessoa jur??dica e a contribui????o social sobre o lucro l??quido atrav??s da tributa????o do ganho de capital aos acionistas da empresa incorporada, trazer ?? luz da Teoria Cont??bil a quest??o da ess??ncia sobre a forma e evidenciar as diferentes formas de se contabilizar cada instituto.