Accounting reform, institutional environment and timeliness in loss recognition in China.
Date of Issue2006
College of Business (Nanyang Business School)
This thesis investigates the effectiveness of accounting reform in improving the timeliness in loss recognition relative to gains, in the context of the unique institutional infrastructures in China. With rapid development in the accounting system and capital market in the past 10 years, China is undergoing fundamental change in the institutional environment. The Chinese GAAP gradually converges to IAS. However, the issuance of these IAS-based standards does not necessarily improve the reported accounting information, given the unique institutional background in China.
Nanyang Technological University