Conservative Accounting, IFRS Convergence and Cash Dividend Payments: Evidence from China

被引：8

作者：

Bradford, William ^{[1
,2
]}

Chen, Chao ^{[3
]}

Zhu, Song ^{[4
]}

机构：

[1] Univ Washington, Foster Sch Business, Seattle, WA 98195 USA

[2] China Acad Financial Res, Shanghai, Peoples R China

[3] Fudan Univ, Sch Management, 670 Guoshun Rd,Siyuan Bldg 314, Shanghai 200433, Peoples R China

[4] Beijing Normal Univ, Sch Business, 19 Xinjiekouwai St, Beijing 100875, Peoples R China

来源：

EUROPEAN FINANCIAL MANAGEMENT | 2017年 / 23卷 / 03期

基金：

中国国家自然科学基金;

关键词：

accounting conservatism; mandatory IFRS adoption; cash dividend policy; MANDATORY ADOPTION; UNCONDITIONAL CONSERVATISM; CORPORATE GOVERNANCE; OWNERSHIP STRUCTURE; EARNINGS QUALITY; STATE OWNERSHIP; AGENCY COSTS; INFORMATION; POLICY; INCENTIVES;

D O I：

10.1111/eufm.12114

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate the governance role of conservative accounting in mitigating the creditor-stockholder conflict by affecting firms' dividend policies, and how the convergence to International Financial Reporting Standards (IFRS) affects the governance role of conservative accounting as it relates to dividend policy. We analyze data on Chinese listed firms from 2000 through 2011. The use of conservative accounting reduced cash dividend payouts, thereby playing a governance role by mitigating the firm's creditor-stockholder agency conflict. However, China's convergence to IFRS reduced the governance role of conservative accounting on dividend policy by reducing the accounting conservatism of listed firms in China.

引用

页码：376 / 414

页数：39

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