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dc.contributor.authorZhuang, Xuemin
dc.contributor.authorLuo, Yonggen
dc.date.accessioned2016-01-22T19:07:19Z
dc.date.available2016-01-22T19:07:19Z
dc.date.issued2015-07
dc.identifier.citationZhuang, Xuemin; Luo, Yonggen. Relevance between the degree of industrial competition and fair value information: study on the listed companies in China. "Journal of Industrial Engineering and Management", Juliol 2015, vol. 8, núm. 3, p. 894-908.
dc.identifier.issn2013-0953
dc.identifier.urihttp://hdl.handle.net/2117/81911
dc.description.abstractPurpose: The purpose of this article is to study whether there exists natural relationship between fair value and corporate external market. A series of special phenomenon in the application of fair value arouses our research interests, which present evidences on how competition affects the correlation of fair value information. Design/methodology/approach: this thesis chooses fair value changes gains and losses and calculate the ratio of DFVPSit as the alternative variable of the fair value. In order to effectively inspect the mutual influence between the degree of industry competition and the value relevance of fair value, and reduce the impact of multi-collinearity, we built a regression model on the hypothesis, which supposes that if other conditions are the same, the fair value information has greater value relevance if the degree of the industry competition is greater. To test the hypothesis, we use the comparison of the DFVPSit coefficient absolute value to judge the value relevance of fair value information, and the greater the absolute value is, the higher relevance between the changes in fair value per share profits and losses with the stock prices. Findings: The higher the degree of competition in the industry is, the more fair value information relevance is. Also, there are evidences representing that fair value information often presents negative correlation with the stock price.Originality/value: The main contribution of the article is to show that not only need we make the formulation and implementation of the high quality of fair value accounting standards to suit for both the national conditions and international practice, but also need we further to improve the company's external governance mechanism to promote fair value’s information correlation.
dc.format.extent15 p.
dc.language.isoeng
dc.publisherOmniaScience
dc.rightsAttribution-NonCommercial 3.0 Unported
dc.rights.urihttp://creativecommons.org/licenses/by-nc/3.0/
dc.subjectÀrees temàtiques de la UPC::Economia i organització d'empreses
dc.subject.lcshStock companies
dc.subject.lcshFair value--Accounting
dc.subject.otherFair value information quality
dc.subject.otherValue relevance
dc.subject.otherIndustry competition
dc.titleRelevance between the degree of industrial competition and fair value information: study on the listed companies in China
dc.typeArticle
dc.subject.lemacSocietats anònimes
dc.subject.lemacValor (Economia)
dc.subject.lemacComptabilitat
dc.identifier.dlB-28744-2008
dc.description.peerreviewedPeer Reviewed
dc.rights.accessOpen Access
upcommons.citation.publishedtrue
upcommons.citation.publicationNameJournal of Industrial Engineering and Management
upcommons.citation.volume8
upcommons.citation.number3
upcommons.citation.startingPage894
upcommons.citation.endingPage908


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