IB  Vol.5 No.1 B , March 2013
The Effect of Fundamental Risk of Listed Companies on the Market Pricing of Accruals Quality
ABSTRACT
Motivated by the theoretical results of Yee (2006), with accruals quality, the author of this paper studied enterprises' earnings quality management, and analyzed the effect of accruals quality on capital cost, which is rising with the increase of basic risks, and extended and applied to his study the theoretical study of Francis, LaFond, Olsson and Schipper et al .

Cite this paper
Z. Geng, Z. Wang, T. Song, T. Liu, W. Chi, Y. Yu, L. Wang, T. Zhang, C. He, M. Wang, Y. Zheng, Y. Zhu, G. Zhou and T. Li, "The Effect of Fundamental Risk of Listed Companies on the Market Pricing of Accruals Quality," iBusiness, Vol. 5 No. 1, 2013, pp. 6-12. doi: 10.4236/ib.2013.51B002.
References
[1]   Yee, K. K. Earnings Quality and the Equity Risk Pre-mium: A Benchmark Model.Contemporary, Accounting Research, 2006, 23 (Fall): 833–877.

[2]   Healy P M. The Effect of Bonus Schemes on Accounting Decisions [J]. Journal of Accounting and Economics, 1985, 7, (1-3):85-107.

[3]   Francis J, La Fond R, Olsson P, Schipper K. The Market Pricing of Accruals Quality [J]. Journal of Accounting and Economics, 2005, 39(2):295-327.

[4]   Nichols C. Fundamental or Infor-mation Risk. An Analysis of the Earnings Quality Factor [R]. Ithaca: Cornell University, 2006.

[5]   Hribar, P., and D. C. Nichols. The Use of Unsigned Earnings Quality Measures in Tests of Earnings Management. Journal of Accounting Research, 2007, 45 (December): 1017–1053.

[6]   Core J E, Guay W R, Verdi R S. Is Accruals Quality a Priced Risk Factor? [J]. Journal of Accounting and Economics, 2008, 46, (1):2-22.

 
 
Top