Title :
Market Reaction to the Impact of Internal Control on Earnings Persistence: Empirical Evidence from Listed Companies During the Period of 2007 to 2010
Author :
ZhiPing, Zhang ; GuangXin, Fu
Author_Institution :
Bus. Sch., Shangdong Univ. at Weihai, Weihai, China
Abstract :
In this paper, based on data from non-financial A-share companies listed in Shenzhen and Shanghai Stock Exchange in the year 2007 to 2010, we conduct a research into whether the market can identify the impact of internal control on earnings persistence. We explore positive market reaction to that impact, which means it is "good news" to investors and contains incremental information content.
Keywords :
data handling; stock markets; Shanghai stock exchange; Shenzhen stock exchange; earnings persistence; empirical evidence; internal control; listed companies; market reaction; Companies; Correlation; Current measurement; Educational institutions; Integrated circuits; Robustness; Stock markets; Earnings Persistence; Internal Control; Market Reaction;
Conference_Titel :
Business Computing and Global Informatization (BCGIN), 2012 Second International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4673-4469-2
DOI :
10.1109/BCGIN.2012.36
