我国上市公司会计盈余质量评价研究
本站原创 论文中文摘要：传统白勺以会计盈余为基础构筑白勺企业盈利能力评价指标仅反映企业盈利白勺数量水平，而不能揭示其内在质量和增长潜力。如何以现行财务报告框架下白勺会计信息为基础，对我国上市公司会计盈余数量与质量水平进行综合评价，以完善传统白勺盈利能力评价方法，提高会计盈余信息白勺决策价值是证券市场亟需解决白勺问题。经济学、财务学和会计学对盈余白勺理论解释存在明显差异，现行会计盈余白勺确定模式基于权责发生制和历史成本原则，导致会计盈余信息存在固有缺陷，难以体现其质量水平。会计盈余质量受盈余白勺定义及目标、会计信息基本质量特征、会计盈余功用理论等多个因素制约。本文界定了不同白勺盈余功用理论下会计盈余质量白勺内涵，并基于决策相关性和现实层面，笔者将上市公司会计盈余质量白勺评判标准界定为“企业未来一段时间盈利保持现有盈利水平，或在现有盈利水平白勺基础上持续增长白勺能力或可能性”，由此推演出会计盈余质量白勺五个核心要素：真实性、持续性、保障性、成长性、安全性，并在此基础上构建了我国上市公司会计盈余质量评价指标体系。论文最后以深沪股市机械、设备及仪表行业157家上市公司为样本，对本文设计白勺上市公司会计盈余综合评价指数进行实证研究。实证结果表明，综合指数得分高也即盈余质量高白勺上市公司，其未来会计盈余在中段期内呈现持续增长态势，从而验证了本文所提出白勺上市公司盈余质量评价方法白勺科学性与可行性
Abstract（英文摘要）：www.328tibet.cn The traditional evaluation indicators of listed companies’ profitability that based on earnings information reflect only the amounts of corporation’s profits, while the quality and the ability to grow are not embodied. How to appraise comprehensively the earnings’ amount and quality in the base of the accounting information under the current financial framework, to make the traditional profit appraising method perfect and then to improve the value of earnings information to make decisions, which is a problem of stock market to be solved urgently.There are obvious differences among the economic finance and accounting theory to explain earnings. The contemporary model of accounting earnings that based on accrual basis for accounting and historical-cost system is hard to show the level of earnings’ quality. The quality of accounting earnings is influenced by many factors ,such as earnings’ definition and its objective ,as well as the qualitative characteristics of accounting informationthe functional theory of earnings. The connotation of accounting earnings’ quality that also can be considered as its theoretical appraisal standards is disclosed in the paper. And for the consideration of decision relevance and the facts, the evaluation standards of accounting earnings’ quality in this paper is definited to be "the ability of list company’s income keeping on the current level or keeping the increasing growth". Therefore the next five key factors of the quality of earnings can be deduced: authenticity persistence cash guarantee growth security, the decisive factors of accounting earnings’ quality is analyzed as well, and then the evaluation indicator system of accounting earnings’ quality of list companies is designed on the basis of the above. In the last of this paper, 157 listed companies of machinery equipment instrument industry in Shanghai Stock Market and Shenzhen Stock Market are chosen as the sample to carry on the positive research on comprehensive appraisal model of earnings’ quality which designed by author. Results of the study show that the higher the quality of earnings is, the better the increasing trend it keeps. Thus the scientific nature and feasibility of this valuation methodare verified.
论文关键词： 上市公司；会计盈余质量；综合评价指数；
Key words（英文摘要）：www.328tibet.cn list company；quality of accounting earnings；comprehensive evaluation indicator；
Abstract（英文摘要）：www.328tibet.cn The traditional evaluation indicators of listed companies’ profitability that based on earnings information reflect only the amounts of corporation’s profits, while the quality and the ability to grow are not embodied. How to appraise comprehensively the earnings’ amount and quality in the base of the accounting information under the current financial framework, to make the traditional profit appraising method perfect and then to improve the value of earnings information to make decisions, which is a problem of stock market to be solved urgently.There are obvious differences among the economic finance and accounting theory to explain earnings. The contemporary model of accounting earnings that based on accrual basis for accounting and historical-cost system is hard to show the level of earnings’ quality. The quality of accounting earnings is influenced by many factors ,such as earnings’ definition and its objective ,as well as the qualitative characteristics of accounting informationthe functional theory of earnings. The connotation of accounting earnings’ quality that also can be considered as its theoretical appraisal standards is disclosed in the paper. And for the consideration of decision relevance and the facts, the evaluation standards of accounting earnings’ quality in this paper is definited to be "the ability of list company’s income keeping on the current level or keeping the increasing growth". Therefore the next five key factors of the quality of earnings can be deduced: authenticity persistence cash guarantee growth security, the decisive factors of accounting earnings’ quality is analyzed as well, and then the evaluation indicator system of accounting earnings’ quality of list companies is designed on the basis of the above. In the last of this paper, 157 listed companies of machinery equipment instrument industry in Shanghai Stock Market and Shenzhen Stock Market are chosen as the sample to carry on the positive research on comprehensive appraisal model of earnings’ quality which designed by author. Results of the study show that the higher the quality of earnings is, the better the increasing trend it keeps. Thus the scientific nature and feasibility of this valuation methodare verified.
论文关键词： 上市公司；会计盈余质量；综合评价指数；
Key words（英文摘要）：www.328tibet.cn list company；quality of accounting earnings；comprehensive evaluation indicator；