1.5 Research Contribution
The findings of paper will contribute to the accounting standard setters of each country (Thailand and China). Standard setters can set the appropriate accounting rules and set the level of implementation of IAS/IFRS to improve the accounting information quality. If the results indicate that the country mainly implements IAS/IFRS and the accounting information quality is high, this will provide some guidelines to set standards by adopt IASs/IFRSs as the domestic accounting standards. That is, the adoption of IAS/IFRS increases value relevance of earnings and improves earnings persistence in each country. It will enhance the reliability of financial reporting.
In addition, the findings of paper will also contribute the Stock Exchange Commissions (SEC) for both countries. It will help the SEC in each country for setting the appropriate rules in investigation of accounting information quality.