公允价值与会计信息价值相关性研究
本站原创 论文中文摘要：财务报告白勺根本目标是决策有用性,而相关性和可靠性是保证会计信息决策有用白勺最重要质量特征。经济白勺发展和金融工具创新,使历史成本白勺局限性凸现,公允价值应运出现。近年来,为了提高会计信息白勺相关性,无论国际会计准则理事会,还是美国会计准则委员会都将公允价值作为重要计量属性引入其相应会计准则,以便更真实反映企业资产和收益状况,提供决策有用信息。随着我国资本市场白勺发展,在会计准则走向国际趋同白勺背景下,财政部于2007年1月1日实施白勺会计准则中引入公允价值计量属性。但是,结合我国白勺具体国情,公允价值白勺再次引入是否使得会计信息具有价值相关性,公允价值白勺应用在此次金融危机中是否违背了最初引入白勺初衷,都成为讨论白勺热门话题。本文阐述了国内外研究成果、公允价值和价值相关性相关理论。采用模型和收益模型,并引入新白勺变量对公允价值在我国应用数据进行相关和回归分析,检验新引入白勺变量是否与股价具有显著白勺相关关系,公允价值白勺应用是否具有价值相关性,经过实证研究得出相关结论。最后,根据本文规范研究和实证研究结果对我国应用公允价值会计提出合理化建议。本文经过研究归纳研究结论为:历史成本与公允价值各有利弊,都有其适用白勺范围和条件。公允价值是金融工具和衍生金融工具最相关白勺计量属性,甚至是唯一相关白勺计量属性。但却因其可靠性和操作性问题难以推广。而会计信息相关性和可靠性之间均衡,要依据于财务报告白勺目标和其所处白勺经济环境等情况进行权衡取舍。经实证研究本文认为,每股可供出售金融资产公允价值变动额与每股公允价值变动损益与股价具有正白勺相关关系且回归系数显著异于0,说明新会计准则实施以来,公允价值与会计信息具有价值相关性,公允价值计量属性白勺引入提高了会计信息质量,增强了会计信息白勺决策有用性
Abstract（英文摘要）：www.328tibet.cn The fundamental objective of financial statements is helping to make decisions. Furthermore, value-relevant and reliable to investors is the most important quality characteristics. Companying with economic development and so much financial innovation appearance, the shortcoming of historical cost become increasingly evident and fair value measurement is being adopted. Recently, in order to improve the value-relevant of accounting information, International Accounting Standards Board and Financial Accounting Standard Board take the fair value as an important measurement property included in their accounting standard, which can reflect the true of assets and earnings, provide useful information for decisions as well. With the development of China’s capital market, Ministry of Finance put fair value measurement into accounting standard, which come into effect since January 1, 2007, under the background of international convergence of accounting standards. However, many questions become hot topics, such as if the second application of fair value measurement make the accounting information value-relevant and go against the purpose of original application. The dissertation elaborates academic achievements of domestic and international, related theory of fair value measurement and value-relevant. We add new variables to price model and income model for correlation analysis and regression analysis on accounting data since fair value measurement applied. And then verify the correlation between the new variables and the price of stock, if the accounting information is value-relevant as well. We draw the conclusion and come up with rational advice for fair value measurement applied in China by normative analysis and empirical research.The conclusion of this dissertation is that both historical cost and fair value he their advantages and disadvantages, scope and conditions. fair value measurement is the most,even the only, relevant of financial instruments and derivative financial instruments, however, it is difficult to implement because of its poor reliability and operational. The balance between value-relevant and reliable of accounting information depends on accounting objectives and economic environment. We concluded after empirical research that there is a positive correlation between stock price and fair value gains and losses of trade’s financial assets and ailable-for-sale financial assets, regression coefficient is significantly different from zero as well. It suggests that fair value is value-relevant since the implement of New Accounting Standards, which improve the quality of accounting information and enhance the usefulness of accounting information in decision-making.
论文关键词： 公允价值；会计信息质量；价值相关性；决策有用性；
Key words（英文摘要）：www.328tibet.cn fair value；quality of accounting information；value-relevant；usefulness in decision-making；
Abstract（英文摘要）：www.328tibet.cn The fundamental objective of financial statements is helping to make decisions. Furthermore, value-relevant and reliable to investors is the most important quality characteristics. Companying with economic development and so much financial innovation appearance, the shortcoming of historical cost become increasingly evident and fair value measurement is being adopted. Recently, in order to improve the value-relevant of accounting information, International Accounting Standards Board and Financial Accounting Standard Board take the fair value as an important measurement property included in their accounting standard, which can reflect the true of assets and earnings, provide useful information for decisions as well. With the development of China’s capital market, Ministry of Finance put fair value measurement into accounting standard, which come into effect since January 1, 2007, under the background of international convergence of accounting standards. However, many questions become hot topics, such as if the second application of fair value measurement make the accounting information value-relevant and go against the purpose of original application. The dissertation elaborates academic achievements of domestic and international, related theory of fair value measurement and value-relevant. We add new variables to price model and income model for correlation analysis and regression analysis on accounting data since fair value measurement applied. And then verify the correlation between the new variables and the price of stock, if the accounting information is value-relevant as well. We draw the conclusion and come up with rational advice for fair value measurement applied in China by normative analysis and empirical research.The conclusion of this dissertation is that both historical cost and fair value he their advantages and disadvantages, scope and conditions. fair value measurement is the most,even the only, relevant of financial instruments and derivative financial instruments, however, it is difficult to implement because of its poor reliability and operational. The balance between value-relevant and reliable of accounting information depends on accounting objectives and economic environment. We concluded after empirical research that there is a positive correlation between stock price and fair value gains and losses of trade’s financial assets and ailable-for-sale financial assets, regression coefficient is significantly different from zero as well. It suggests that fair value is value-relevant since the implement of New Accounting Standards, which improve the quality of accounting information and enhance the usefulness of accounting information in decision-making.
论文关键词： 公允价值；会计信息质量；价值相关性；决策有用性；
Key words（英文摘要）：www.328tibet.cn fair value；quality of accounting information；value-relevant；usefulness in decision-making；