国内外资产质量相关研究述评

sset quality is vital to companies'sustainable development. Especially for emerging capital market, asset quality plays an important role to endure earnings persistence，earnings predictive ability and earnings value relevance. However, investors have always concerned too much about the profitability of listed companies when they make investing decisions, while caring much less about asset quality which is very fundamental to earnings quality. So this paper reviews literature on asset quality and earnings quality and summarizes the main conclusions of the current studies. It also indicates that future studies need to take some fair-value based asset as virtual assets based on their poor asset quality. Then further explore new means of earnings management and asset quality-earnings quality mechanism.