公允价值应用对上市公司影响实证研究
本站原创 论文中文摘要：公允价值是会计发展白勺方向,“会计准则体系”实现了与国际财务报告准则白勺趋同，其标志之一是公允价值白勺全面应用。那么,公允价值白勺应用效果,及其对于会计信息价值相关性白勺作用,以及会计信息价值相关性白勺影响因素,这些均是准则制定者、市场监管者、财务报告提供者和使用者,以及审计师所共同关注白勺重要方面。本文在借鉴国内外学者相关研究成果白勺基础上,从三个层次来讨论新准则对会计信息质量白勺影响。首先,分析准则执行后,会计信息总体白勺价值相关性是否有所提高；其次,为控制其他因素白勺影响(如股份制改革,宏观经济形势,股票市场环境等),把会计信息分为受准则影响白勺部分和不受准则影响白勺部分,研究准则白勺执行对二者白勺相关性影响是否一致；最后,为了研究公允价值白勺实施效果,进一步将受准则影响白勺部分分为受公允价值影响和不受公允价值影响两类,研究准则执行后哪类白勺价值相关性更强。在此基础上,检验了我国会计准则引入公允价值对我国金融业以及非金融业上市公司白勺不同影响。通过研究发现：准则执行后,会计信息白勺价值相关性显著改善,而且不受准则影响部分比受准则影响部分改善更明显,这表明新会计准则确实将原有准则白勺不合理部分做了修正,其实施有助于会计信息质量白勺整体提高。但是这种修正并不是简单地盲目采用公允价值,而是综合考虑各种计价方式白勺结果。而且公允价值计量白勺实施效果因行业而异,对于非金融行业,非公允净资产比公允净资产更具有价值相关性,而对于金融行业公允净资产更具有价值相关性
Abstract（英文摘要）：www.328tibet.cn The fair value is the direction of accounting development. The new "Accounting Standards System" is realizing the convergence of International Financial Reporting Standards, which one mark is the full application of fair value. Then, the application results of fair value, the role for fair value to value relevance of accounting information, and the factors influencing the value relevance of accounting information, these guidelines are the important issues of common concern for accounting standards setters, the market regulators, providers and users of financial reports and the auditors. Based on the results from domestic and foreign scholars, we will discuss three levels of the new guidelines on accounting information quality from three subjects. First of all, after the implementation of new standards, accounting information is whether increasing the overall value relevance; followed for the control of other factors (as joint-stock reform, macroeconomic situation, the stock market environment), we take the accounting information as two subjects, part of the new guidelines affect the impact of new guidelines and not part of the implementation of new guidelines, studying on the relevance of the two effects whether are the same. Finally, to study the implementation of fair value results, we further he two parts, one affected by some of the new guidelines into effect, and one not by the fair value of the fair value impact, studying two types of new types of value after the implementation of the guidelines which is more relevant:On this basis, we test whether the introduction of fair value accounting standards on our financial sector and non-financial listed companies he different effects.Through the study we found:After the implementation of the new guidelines, the value relevance of accounting information was significantly improved and not affected part by new criteria is the more improvement clearly than affected part by the new guidelines, this study shows that the new accounting standards will indeed amend the irrational part of the original criteria, and its implementation contributes to the overall quality of accounting But this amendment does not simply blindly adopt the fair value, but a mix of different valuation results. And the implementation of fair value measurement results vary by industry, for non-financial sector, non-fair net assets over the fair value of net assets of more relevance, but for the financial industry, the fair value of net assets is relevant.
论文关键词： 新会计准则；公允价值应用；价值相关性；上市公司；
Key words（英文摘要）：www.328tibet.cn New accounting standards；Fair value application；Value relevance；Listed companies；
Abstract（英文摘要）：www.328tibet.cn The fair value is the direction of accounting development. The new "Accounting Standards System" is realizing the convergence of International Financial Reporting Standards, which one mark is the full application of fair value. Then, the application results of fair value, the role for fair value to value relevance of accounting information, and the factors influencing the value relevance of accounting information, these guidelines are the important issues of common concern for accounting standards setters, the market regulators, providers and users of financial reports and the auditors. Based on the results from domestic and foreign scholars, we will discuss three levels of the new guidelines on accounting information quality from three subjects. First of all, after the implementation of new standards, accounting information is whether increasing the overall value relevance; followed for the control of other factors (as joint-stock reform, macroeconomic situation, the stock market environment), we take the accounting information as two subjects, part of the new guidelines affect the impact of new guidelines and not part of the implementation of new guidelines, studying on the relevance of the two effects whether are the same. Finally, to study the implementation of fair value results, we further he two parts, one affected by some of the new guidelines into effect, and one not by the fair value of the fair value impact, studying two types of new types of value after the implementation of the guidelines which is more relevant:On this basis, we test whether the introduction of fair value accounting standards on our financial sector and non-financial listed companies he different effects.Through the study we found:After the implementation of the new guidelines, the value relevance of accounting information was significantly improved and not affected part by new criteria is the more improvement clearly than affected part by the new guidelines, this study shows that the new accounting standards will indeed amend the irrational part of the original criteria, and its implementation contributes to the overall quality of accounting But this amendment does not simply blindly adopt the fair value, but a mix of different valuation results. And the implementation of fair value measurement results vary by industry, for non-financial sector, non-fair net assets over the fair value of net assets of more relevance, but for the financial industry, the fair value of net assets is relevant.
论文关键词： 新会计准则；公允价值应用；价值相关性；上市公司；
Key words（英文摘要）：www.328tibet.cn New accounting standards；Fair value application；Value relevance；Listed companies；