Chong, Terence Tai-Leung; Leung, Winnie S. C.; Yip, … - In: Economics Bulletin 29 (2009) 3, pp. 2079-2085
This paper examines the impact of the convergence of Hong Kong Accounting Standard 40 (HKAS 40) with the International Financial Reporting Standard (IFRS) on the stock prices of firms in the property industry. Using a sample of 22111 firm-day observations, we show that the new standard has a...
