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The effect of restating Canadian financial statements to US GAAP on accounting ratios, debt ratings, and market-to-book values

机译：将加拿大财务报表重新按照美国公认会计原则对会计比率，债务评级和市账率的影响

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摘要

Scope and method of study. The purpose of this study was to determine whether the restatement of Canadian financial statements to US GAAP provides incremental information value for debt ratings and market-to-book values. Using annual reports and reconciliations filed with the United States Securities and Exchange Commission, financial statements of 137 Canadian companies dated from December 1994 to December 1995 were restated to US GAAP. The Wilcoxon signed ranks test was used to determine the effect of restatement on eight ratios. The multiple-partial F test was used to determine whether ratios in US GAAP provide incremental information value.;Findings and conclusions. The results of the Wilcoxon signed ranks test indicate that the values of ratios were significantly changed when restated to US GAAP. A regression model consisting of eight ratios and two other variables was used to test whether restatement to US GAAP provides information in explaining debt ratings. The results of these tests failed to show that restatement provides significant information in explaining the debt ratings of 32 Canadian companies. The results of the debt rating tests fail to provide support for reconciliation. A regression model consisting of seven accounting ratios was used to test whether the restatement to US GAAP provides information in explaining the market-to-book ratio. Because the model violated assumptions of homoskedasticity and normality of the error term, a nonparametric model was used. With the nonparametric approach, ratios restated to US GAAP were found to provide significant incremental information in explaining the market-to-book values of 87 Canadian companies. These results provide support for the reconciliation requirement.
机译：研究范围和方法。这项研究的目的是确定将加拿大财务报表重述为美国公认会计原则是否能为债务评级和市价账面价值提供增加的信息价值。使用向美国证券交易委员会提交的年度报告和对帐表，将1994年12月至1995年12月的137家加拿大公司的财务报表重编至美国公认会计原则。威尔科克森符号秩检验用于确定重述对八个比率的影响。多部分F检验用于确定US GAAP中的比率是否提供递增的信息价值。结果和结论。 Wilcoxon带符号秩检验的结果表明，当重述为US GAAP时，比率值发生了显着变化。使用由八个比率和两个其他变量组成的回归模型来测试重述至US GAAP是否提供解释债务评级的信息。这些测试的结果未能表明，重述可为解释32家加拿大公司的债务评级提供重要信息。债务评级测试的结果无法为和解提供支持。使用由七个会计比率组成的回归模型来测试对US GAAP的重述是否提供了解释市账率的信息。因为该模型违反了同方差和误差项的正态性的假设，所以使用了非参数模型。使用非参数方法，发现重述了美国公认会计原则的比率在解释87家加拿大公司的市净率时提供了重要的增量信息。这些结果为对帐要求提供了支持。

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  • 作者

    Tew, Glade Kelvin.;

  • 作者单位

    Oklahoma State University.;

  • 授予单位 Oklahoma State University.;
  • 学科 Accounting.
  • 学位 Ph.D.
  • 年度 1997
  • 页码 65 p.
  • 总页数 65
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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