The International Convergence of Accounting Standards and Stock Price Informativeness: A Study on the Effects of the Convergence of Consolidated Financial Statement Accounting Standards in the A-Share Market

DOI

10.2991/978-94-6239-774-3_26How to use a DOI?

Keywords

Accounting Standards for Business Enterprises No. 33—Consolidated Financial Statements; stock price informativeness

Abstract

In February 2014, China’s Ministry of Finance revised and issued the Accounting Standards for Business Enterprises No. 33—Consolidated Financial Statements (CAS 33), which aligns substantially with IFRS 10. The implementation of this new accounting standard and its role in regulating consolidated financial reporting practices, improving accounting information quality, and influencing capital markets remain to be explored. This study examines how the adoption of the new accounting standard affects stock price informativeness by employing a generalized difference-in-differences (DID) method, using a sample of A-share listed companies in China from 2009 to 2019. The results indicate that the implementation of the revised consolidated financial statements standard enhances stock price informativeness in the A-share market. These findings remain robust after passing parallel trend tests and controlling for potential confounding policies. This study not only enriches the literature on accounting standard revisions and stock price informativeness but also provides practical insights for enhancing accounting standard reforms and information supervision in China’s capital markets.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Wanlin Ma
PY  - 2026
DA  - 2026/09/11
TI  - The International Convergence of Accounting Standards and Stock Price Informativeness: A Study on the Effects of the Convergence of Consolidated Financial Statement Accounting Standards in the A-Share Market
BT  - Proceedings of the 2026 5th International Conference on Mathematical Statistics and Economic Analysis (MSEA 2026
PB  - Atlantis Press
SP  - 294
EP  - 303
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-774-3_26
DO  - 10.2991/978-94-6239-774-3_26
ID  - Ma2026
ER  -