| Empirical Study on Relevancy of Mandatory and Voluntary Accounting Changes—Based on Chinese Listed Companies in 1999 and 2001＂ |
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| 作者姓名： | Min Yan Pingxin Wang Yongguo Zhang |
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| 作者单位： | [1]Xi＇an Jiaotong University [2]Zhengzhou Institute of Aeronautical Industry Management |
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| 基金项目： | This paper is supported by the program of NSFC Empirical Research on Accounting Policy Choice of Chinese Listed Company （70372009） and Doctorate Thesis Funding Program of Xi＇an Jiaotong University （DFXJTU2002-7）. |
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| 摘 要： | Based on the samples of mandatory accounting changes （MAC） and voluntary accounting changes （VAC） of our country in 1999 and 2001, this research explores the relevancy between MAC and VAC and its specific performance. The results of this research are shown as follows： （1） The timing relationship exists between MAC and VAC, and the frequency of VAC rises significantly in MAC year; （2） The relevancy exists in the earnings effects between MAC and VAC, and the combined effects which MAC and VAC have on earnings are in direct correlation with the earnings effects of MAC in the same year; （3） The supervisory factors of the securities market together with MAC influence the direction of VAC. Different from Pincus and Wasley＇s conclusion, when MAC is used to decrease profits, the part of VAC in our country counterbalances the effots of MAC; the listed companies with a special purpose will be against the direction of MAC and apply to VAC with a particular purpose.
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