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China Seminar Public Talk

Friday, May 1, 12:00 noon

Tokioka Room (Moore Hall 319)

“Value Relevance of Accounting Information: Empirical Evidences from China”

David Yang, School of Accountancy, UHM

This paper examines the effect of different accounting information response time on the conclusion of accounting information value relevance. The empirical evidence based on the manufacturing industry data in China’s manufacturing industry data suggests that the accounting information is value relevant to investors. Further, this study finds both the average stock price at fiscal year-end and the average stock price one month after fiscal year-end are more relevant to the accounting information than the closing stock price four months after fiscal year-end. This implies that value relevance reacts before the public disclosure of accounting information, which may be due to an information leak before an official announcement. This study provides new empirical evidence for the accounting information value relevance research.

Professor David Yang received his BA degree from the National Taiwan University, his MBA degree from the University of California at Berkeley and his PhD degree in Accounting from Columbia University. Having taught over 3,000 students at UHM, Professor Yang has been honored with numerous teaching awards, including the 2004 University of Hawaii Regents’ Medal for Excellence in Teaching. He co-published the first comprehensive English book on Chinese accounting and auditing after China’s accounting reform of 1993, Accounting and Auditing in China (1998, Ashgate). Having taught at Peking University and National Taiwan University, Professor Yang is currently Professor of the School of Accountancy and Faculty Director of China-track full-time MBA program at Shidler College of Business, University of Hawai‘i at Mānoa.

Event Sponsor
Center for Chinese Studies & Confucius Institute at UHM, Mānoa Campus

More Information
(808) 956-8891, china@hawaii.edu