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Implementation of IFRS in a regulated market


  • Ding, Yuan
  • Su, Xijia


The year 2007 may well be remembered as a milestone in the development of accounting and financial reporting standards in China, as it was the year that the country's new, substantially IFRS-convergent, accounting standards became compulsory for selected companies. Having evolved from a closed regulatory culture inherited from the former Soviet Union, China's move toward IFRS provides an interesting example of how globalization is gaining support from regimes once regarded as the least likely to be interested. China's move also provides direct evidence on the question of whether IFRS can work properly in markets that are disciplined mainly by regulators rather than market mechanisms. This paper attempts to provide a descriptive analysis of Chinese accounting's "bumpy road leading to internationalization" [Tang, Y.W., 2000. Bumpy road leading to internationalization: a review of accounting development in China. Accounting Horizons 14-1, 93-102].

Suggested Citation

  • Ding, Yuan & Su, Xijia, 2008. "Implementation of IFRS in a regulated market," Journal of Accounting and Public Policy, Elsevier, vol. 27(6), pages 474-479.
  • Handle: RePEc:eee:jappol:v:27:y:2008:i:6:p:474-479

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    Cited by:

    1. Wei Zhou & Liansheng Wu & Hong Wang, 2016. "The Consequences of Increasing the Scope of Managerial Judgement in Accounting Standards," Abacus, Accounting Foundation, University of Sydney, vol. 52(3), pages 404-440, September.
    2. Fan-Hua Kung & Kieran James & Chia-Ling Cheng, 2011. "Overseas listing and accounting conservatism: evidence from Chinese H-share companies," Asian Review of Accounting, Emerald Group Publishing, vol. 19(3), pages 266-278, September.
    3. Zhang, Yuyang & Uchida, Konari & Bu, Hua, 2013. "How do accounting standards and insiders' incentives affect earnings management? Evidence from China," Emerging Markets Review, Elsevier, vol. 16(C), pages 78-99.
    4. repec:eee:jiaata:v:21:y:2012:i:2:p:169-184 is not listed on IDEAS
    5. Xianfeng Jiang & Frank Packer, 2017. "Credit ratings of domestic and global agencies: What drives the differences in China and how are they priced?," BIS Working Papers 648, Bank for International Settlements.
    6. Jing Wang & Jim Haslam & Claire Marston, 2011. "The appraisal of ordinary shares by Chinese financial analysts," Asian Review of Accounting, Emerald Group Publishing, vol. 19(1), pages 5-30, May.
    7. Liao, Li & Liu, Bibo & Wang, Hao, 2014. "China׳s secondary privatization: Perspectives from the Split-Share Structure Reform," Journal of Financial Economics, Elsevier, vol. 113(3), pages 500-518.
    8. repec:eee:crpeac:v:36:y:2016:i:c:p:1-21 is not listed on IDEAS
    9. Huang, Haijie & Lee, Edward & Lyu, Changjiang & Zhu, Zhenmei, 2016. "The effect of accounting academics in the boardroom on the value relevance of financial reporting information," International Review of Financial Analysis, Elsevier, vol. 45(C), pages 18-30.
    10. Lambert Jerman, 2015. "Les Enjeux De L'Application Des Normes Ias-Ifrs : L'Etude Des Preparateurs Des Comptes, Une Perspective De Recherche Encore Inexploree," Post-Print hal-01188736, HAL.
    11. repec:eee:advacc:v:29:y:2013:i:2:p:278-285 is not listed on IDEAS
    12. Tan, Youchao & Zhu, Zhenmei & Zeng, Cheng & Gao, Minghua, 2014. "Does external finance pressure affect corporate disclosure of Chinese non-state-owned enterprises?," International Review of Financial Analysis, Elsevier, vol. 36(C), pages 212-222.


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