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Wang, R. (2018). Research on the Application of Non-GAAP Performance Measures in China. Ph.D. Thesis, Xiamen University. (In Chinese)

has been cited by the following article:

• TITLE: The Informativeness of Non-GAAP Earnings: Empirical Evidence on China

  AUTHORS: Jinyu Wang, Georgios Georgakopoulos, Kanellos Toudas, Paraskevi Boufounou

  KEYWORDS: Corporate Governance, Informativeness, Non-GAAP Performance Measures, Earnings Persistence, Value Relevance

  JOURNAL NAME: Theoretical Economics Letters, Vol.13 No.4, August 31, 2023

  ABSTRACT: In 2019, China piloted the Science and Technology Innovation Board (STIB) to test the practicability of a registration-based system with information disclosure requirements different from those of the approval-based system widely used. Using empirical data, the relationship between the informativeness (measured by earnings persistence and value relevance) of non-GAAP performance measures (core earnings and non-recurring gains and losses), of companies listed in the STIB was explored. The main findings are both measures capture earnings persistence, and core earnings are value-relevant; the sign of the performance measure influences informativeness; the informativeness of non-recurring profits and losses improves after setting the board.