The presently existing decision making method for problem of goal type, i.e. the goal programming, is popular to some extent. In this paper we analyzed the features of the problem and the method,based on which we foun...The presently existing decision making method for problem of goal type, i.e. the goal programming, is popular to some extent. In this paper we analyzed the features of the problem and the method,based on which we found some defects of the method and pointed out these defects. To overcome these defects we absorbed the spirit and exploited concepts of evaluation criterion and the fault measure of evaluation criterion. We proposed and applied a method with an evaluation criterion, after which we also p...展开更多
The objective of this study is to examine the effect of accounting standards and investor protection on value relevance of earnings and book value of equity among European Union countries during the years 1999-2007. T...The objective of this study is to examine the effect of accounting standards and investor protection on value relevance of earnings and book value of equity among European Union countries during the years 1999-2007. The results indicate that the adoption of International Financial Reporting Standards [IFRS] leads to improvement in value relevance, particularly on earnings. We also examine the impact of investor protection and the deviation of local accounting standards from IFRS on the effectiveness of the IFRS adoption. The results show supporting evidence for investor protection but inconclusive evidence for accounting standard deviation. However, additional analysis indicates that the countries which apparently benefit from adopting IFRS are those with high deviation of local accounting standards from IFRS and high investor protection. The findings imply that adopting IFRS alone cannot improve value relevance of accounting information, but standard setters and regulators need to strengthen their investor protection mechanisms in order to improve the quality of accounting information.展开更多
文摘The presently existing decision making method for problem of goal type, i.e. the goal programming, is popular to some extent. In this paper we analyzed the features of the problem and the method,based on which we found some defects of the method and pointed out these defects. To overcome these defects we absorbed the spirit and exploited concepts of evaluation criterion and the fault measure of evaluation criterion. We proposed and applied a method with an evaluation criterion, after which we also p...
文摘The objective of this study is to examine the effect of accounting standards and investor protection on value relevance of earnings and book value of equity among European Union countries during the years 1999-2007. The results indicate that the adoption of International Financial Reporting Standards [IFRS] leads to improvement in value relevance, particularly on earnings. We also examine the impact of investor protection and the deviation of local accounting standards from IFRS on the effectiveness of the IFRS adoption. The results show supporting evidence for investor protection but inconclusive evidence for accounting standard deviation. However, additional analysis indicates that the countries which apparently benefit from adopting IFRS are those with high deviation of local accounting standards from IFRS and high investor protection. The findings imply that adopting IFRS alone cannot improve value relevance of accounting information, but standard setters and regulators need to strengthen their investor protection mechanisms in order to improve the quality of accounting information.
