CHAPTER 4 EMPIRICAL RESULTS
This study investigates the level of accounting information quality of the listed companies on the Stock Exchange of Thailand (SET) and the listed companies on the Stock Exchange of China (especially for the Shanghai Stock Exchange-SSE). Accounting information quality is measured in term of the value relevance of earnings and earnings persistence. The paper also compares the difference of the value relevance of earnings and earnings persistence between listed companies on the SET and the SSE.