Chapter
Apr 26, 2012
Impairment Allowance for Non-Current Assets: Quality of Earnings and Market Reaction
Publication: International Conference on Transportation Engineering 2009
Abstract
By making thorough empirical analysis on the financial data from 2001 to 2007 of listed companies in China, we find that the impairment allowance for non-current assets obviously decreases the quality of accounting earnings. Investment portfolio based on accrual earnings created by impairment allowance for non-current assets can obtain abnormal return. There is a negative relationship between accrual earnings created by impairment allowance and abnormal return. It is concluded that market can't "see through" the influence impairment allowance for non-current assets has on quality of earnings. This supports the regulation of new Chinese Accounting Standard that it forbids the reversion of impairment allowance for non-current assets.
Get full access to this article
View all available purchase options and get full access to this chapter.
Information & Authors
Information
Published In
Copyright
© 2009 American Society of Civil Engineers.
History
Published online: Apr 26, 2012
Permissions
Request permissions for this article.
ASCE Technical Topics:
Authors
Affiliations
Accounting College of Hunan University, 410079, Changsha, ShiJiaChong 109;. E-mail: [email protected]
Zhengqiang He
Hunan Finance and Economics College, 410205, Changsha, FengLin Road 125
Metrics & Citations
Metrics
Citations
Download citation
If you have the appropriate software installed, you can download article citation data to the citation manager of your choice. Simply select your manager software from the list below and click Download.
View Options
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Get Access
Access content
Please select your options to get access
Log in/Register
Log in via your institution (Shibboleth)
ASCE Members:
Please log in to see member pricing
Purchase
Save for later Item saved, go to cart Information on ASCE Library Cards
ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.