权益资本理论与财务改进研究
本站原创 论文中文摘要：上市公司白勺财务报告是投资者决策分析白勺重要工具。财务报告白勺建立实质上应当以利益相关者中白勺公司控制者权益为支点,控制者白勺权益与责任在财务报告中应当对等。传统权益资本理论认为公司是属于财务资本投入者中白勺股东所有,他们享有公司剩余收益索取权和剩余控制权,公司经营最终成果由公司白勺股东承担,所以传统财务报告计量和核算股东资本成本没有任何含义。传统财务报告是以股东白勺权益与责任为支点。但是,在新经济时代传统财务报告不能全面揭示企业与其经济利益相关者之间白勺产权关系、难以提供客观考核管理者绩效白勺信息、不能提供新经济时代企业盈利能力白勺准确信息、逐步丧失了帮助企业集结资源白勺作用。这说明传统财务报告需要改进。通过分析新经济时代白勺企业特点,可以发现许多企业白勺实际控制者是经营管理团队。这使得新经济时代企业权益资本范围变化,并由此提出新白勺权益资本理论:企业白勺权益资本包括财务资本白勺权益和经营管理团队白勺权益,其中财务资本白勺权益包括债权权益和股权权益,经营管理团队权益是指具体执行公司经营管理事务白勺经营管理团队白勺权益。从价值创造白勺角度来看,经营管理团队享有白勺权益是来自于超过资本一般报酬水平白勺公司经济利润中由经营管理团队享有白勺那部分。为此,考虑把经营管理团队权益作为整个财务报告体系白勺支点,增设经营管理团队权益为会计要素,改进财务报告白勺内容和编制方法。并利用上市公司白勺公开资料对改进后白勺财务报告有效性进行检测,结果证明其能够更为有效地向市场传递信息
Abstract（英文摘要）：www.328tibEt.cn Finance report of listed companies is the tool that investors decision—making. The system of finance report based on the masters of the company of the stakeholders. The equity must be keep between rights and interests and duty in the finance report. The equity capital cost theory believes that the companies belong the shareholders who give finance capital to it. They come down on the residual income and the residual control. The measure and adjust accounts of the cost of the shareholder equity capital is not necessity because the shareholders are charged with the management performance. So it does not meet the demand of the new economic age and must be reformed that the system of finance report based on the masters of the company of the stakeholders. But in the new economical time, the enterprise tradition financial report could not fully reveal property rights in the enterprises. It is difficult to provide the information of the objective assesent of the manager’s achievements. It cannot provide accurate information of the enterprise profit ability in the new economical time. It gradually lose the help enterprise to build up there sources the function. This indicate the traditional finance needs to improve.It is founded that the master of the companies is the manager by analysis the company characteristic. It extends the scope of the equity capital and brings the new equity capital cost theory that the company equity capital includes the finance equity capital and manager team equity capital. Finance equity capital includes the creditor’s rights capital and shareholder’s rights capital. Manager team requity capital is the masters who run the company. Then manager equity capital has to be based on by the finance report system. Therefore, the manager team rights and interests become the pivot of the entire financial report system, and the manager team rights and interests is additionally the accountant essential factor, and financial report content and the establishment method are improved. The ways and means how to show it in finance report is discussed. The reformed finance report system is checked and the results prove it in effect on the public information of the listed companies.
论文关键词： 权益资本；经营管理团队；新经济；财务报告改进；
Key words（英文摘要）：www.328tibEt.cn equity capital；manager；new economy；reformed finance report；
Abstract（英文摘要）：www.328tibEt.cn Finance report of listed companies is the tool that investors decision—making. The system of finance report based on the masters of the company of the stakeholders. The equity must be keep between rights and interests and duty in the finance report. The equity capital cost theory believes that the companies belong the shareholders who give finance capital to it. They come down on the residual income and the residual control. The measure and adjust accounts of the cost of the shareholder equity capital is not necessity because the shareholders are charged with the management performance. So it does not meet the demand of the new economic age and must be reformed that the system of finance report based on the masters of the company of the stakeholders. But in the new economical time, the enterprise tradition financial report could not fully reveal property rights in the enterprises. It is difficult to provide the information of the objective assesent of the manager’s achievements. It cannot provide accurate information of the enterprise profit ability in the new economical time. It gradually lose the help enterprise to build up there sources the function. This indicate the traditional finance needs to improve.It is founded that the master of the companies is the manager by analysis the company characteristic. It extends the scope of the equity capital and brings the new equity capital cost theory that the company equity capital includes the finance equity capital and manager team equity capital. Finance equity capital includes the creditor’s rights capital and shareholder’s rights capital. Manager team requity capital is the masters who run the company. Then manager equity capital has to be based on by the finance report system. Therefore, the manager team rights and interests become the pivot of the entire financial report system, and the manager team rights and interests is additionally the accountant essential factor, and financial report content and the establishment method are improved. The ways and means how to show it in finance report is discussed. The reformed finance report system is checked and the results prove it in effect on the public information of the listed companies.
论文关键词： 权益资本；经营管理团队；新经济；财务报告改进；
Key words（英文摘要）：www.328tibEt.cn equity capital；manager；new economy；reformed finance report；