Inconsistencies and Composition, and the Value Relevance of Non-GAAP Earnings of Red Chip Companies
aut.relation.conference | American Accounting Association | en_NZ |
aut.researcher | Rahman, Asheq | |
dc.contributor.author | Rahman, A | en_NZ |
dc.contributor.editor | American Accounting Association | en_NZ |
dc.date.accessioned | 2017-10-02T01:08:02Z | |
dc.date.available | 2017-10-02T01:08:02Z | |
dc.date.copyright | 2016-08-03 | en_NZ |
dc.date.issued | 2016-08-03 | en_NZ |
dc.description.abstract | We examine the relevance of non-GAAP earnings (NGE) reporting in annual reports in a less regulated and less intense information environment, the environment of Red Chip companies of the Hong Kong Stock Exchange (HKSE). It also examines the relevance of reporting and measurement inconsistencies, and composition. Red Chip companies are mainland China companies that are controlled directly or indirectly by the Chinese government and listed in the HKSE. NGE are additional disclosures, and Red Chip companies are primarily listed in the HKSE to seek foreign investment. We find that adjusted results and EBITDA are common forms of NGE reporting, and tax, interest/financial cost, and gain/loss on investment are the main adjustment items used to derive NGE, not all firms make identical adjustments across years and there are variations in reporting across firms. GAAP earnings (GE) rather than NGE are value relevant. Adjustment inconsistencies influence the value relevance of reported NGE. | |
dc.identifier.citation | American Accounting Association (AAA) Annual Meeting and Conference on Teaching and Learning in Accounting, 6-10 Aug 2016, New York, New York. | |
dc.identifier.uri | https://hdl.handle.net/10292/10844 | |
dc.publisher | American Accounting Association (AAA) | |
dc.relation.uri | http://aaahq.org/Meetings/2016/Annual-Meeting/Program1 | |
dc.rights | NOTICE: this is the author’s version of a work that was accepted for publication. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in (see Citation). The original publication is available at (see Publisher's Version). | |
dc.rights.accessrights | OpenAccess | en_NZ |
dc.subject | Non-GAAP earnings (NGE); GAAP earnings (GE); Relevance; Reporting inconsistencies; Adjustments inconsistencies | |
dc.title | Inconsistencies and Composition, and the Value Relevance of Non-GAAP Earnings of Red Chip Companies | en_NZ |
dc.type | Conference Contribution | |
pubs.elements-id | 312986 | |
pubs.organisational-data | /AUT | |
pubs.organisational-data | /AUT/Faculty of Business, Economics and Law | |
pubs.organisational-data | /AUT/Faculty of Business, Economics and Law/Accounting | |
pubs.organisational-data | /AUT/PBRF | |
pubs.organisational-data | /AUT/PBRF Reviewers | |
pubs.organisational-data | /AUT/PBRF Reviewers/PBRF Reviewers - Business Economics and Law | |
pubs.organisational-data | /AUT/PBRF Reviewers/PBRF Reviewers - Business Economics and Law/Accounting Department - PBRF Reviewers | |
pubs.organisational-data | /AUT/PBRF/PBRF Business Economics and Law | |
pubs.organisational-data | /AUT/PBRF/PBRF Business Economics and Law/Accounting Department PBRF 2018 | |
pubs.organisational-data | /AUT/PBRF/PBRF Business Economics and Law/Faculty Review Team PBRF 2018 |
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