本文關(guān)鍵詞： 會計信息價值相關(guān)性 新會計準(zhǔn)則 價格模型 收益模型 資產(chǎn)-價格模型　出處：《北京交通大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：會計信息的價值相關(guān)性—直是學(xué)術(shù)界研究的重要課題,2007年新會計準(zhǔn)則的頒布作為完善我國會計制度體系的重大舉措,引導(dǎo)我國會計準(zhǔn)則體系在遵從本土市場經(jīng)濟環(huán)境的特征同時,追求與國際會計準(zhǔn)則的趨同。本文對我國新會計準(zhǔn)則執(zhí)行后對會計信息價值相關(guān)性的影響進行了實證研究,對新準(zhǔn)則實施的效果進行檢驗,為新準(zhǔn)則的執(zhí)行是否能更有利于投資者做出決策提供可供量化的研究結(jié)果。同時,本文在實證研究基礎(chǔ)上對新準(zhǔn)則改革的合理性,具體實施效果以及對投資者決策和會計準(zhǔn)則的進一步規(guī)范提供了可借鑒的觀點。 本文研究主體主要為理論分析、對比研究和實證研究三部分。理論部分首先對資本市場研究的會計理論基礎(chǔ)進行回顧,主要為有效市場假說理論和資本資產(chǎn)定價模型；其次對會計信息價值相關(guān)性的兩種研究范式進行梳理,主要為信息觀和計量觀。實證研究部分首先進行對比研究,分別利用收益模型和價格模型對新準(zhǔn)則實施后會計信息價值相關(guān)性是否有所提高進行實證檢驗,并將現(xiàn)金流量的信息變量引入模型中,對比兩種模型下的回歸結(jié)果并比較哪個模型更適于應(yīng)用。接下來本文將Ohlson模型拓展,將新舊會計準(zhǔn)則下會計處理存在顯著差異的資產(chǎn)負債表中的代表項目作為自變量,設(shè)計資產(chǎn)-價格模型對會計信息價值相關(guān)性的提高做進一步實證檢驗。 研究結(jié)果顯示,新會計準(zhǔn)則在不同的市場環(huán)境中體現(xiàn)出更為穩(wěn)定的會計信息價值相關(guān)性,且價格和收益模型的回歸結(jié)果初步驗證在新會計準(zhǔn)則下會計信息的價值相關(guān)性有所提高,同時價格模型的擬合優(yōu)度要顯著高于收益模型。在資產(chǎn)-價格模型中,由于2008年的股市震蕩,相關(guān)變量的平均值都有所下降,但回歸方程的擬合度卻未受影響并高于舊會計準(zhǔn)則下的結(jié)果,說明在新會計準(zhǔn)則下會計信息受宏觀市場環(huán)境的影響降低,新會計準(zhǔn)則的實施能夠提高會計信息的價值相關(guān)性。資產(chǎn)-價格模型研究結(jié)果指出新會計準(zhǔn)則對固定資產(chǎn)、無形資產(chǎn)以及金融資產(chǎn)在會計處理上的規(guī)則變動有效的提高了會計信息價值相關(guān)性,同時對無形資產(chǎn)核算的改革對企業(yè)的技術(shù)革新起到了積極的作用。最后,本文改變參數(shù)設(shè)定進行穩(wěn)健性檢驗也進一步說明了回歸結(jié)果的可靠性�；趯嵶C研究結(jié)果,本文最后在會計準(zhǔn)則的進一步完善、資本市場信息披露監(jiān)管、上市公司自身內(nèi)控規(guī)范以及財務(wù)會計人員素質(zhì)提升的多個角度提出了政策性的建議。
[Abstract]:The value relevance of accounting information is an important subject of academic research. In 2007, the promulgation of the new accounting standards is an important measure to perfect the accounting system of our country. In order to guide China's accounting standards system to follow the characteristics of local market economy environment and pursue convergence with international accounting standards, this paper makes an empirical study on the impact of the implementation of new accounting standards on the relevance of accounting information value. To test the effect of the implementation of the new standards, whether the implementation of the new standards can be more conducive to investors to make decisions to provide quantifiable research results. At the same time, this paper based on empirical research on the rationality of the new standards reform, The concrete implementation effect and the further standardization of investor's decision and accounting standard are provided for reference. The main body of this paper is theoretical analysis, comparative study and empirical research. Firstly, the theoretical basis of capital market research is reviewed, mainly the efficient market hypothesis theory and capital asset pricing model. Secondly, it combs the two research paradigms of the correlation of accounting information value, mainly information view and measurement view. Using the income model and the price model to test whether the relevance of accounting information value has been improved after the implementation of the new standards, and to introduce the information variable of cash flow into the model. Comparing the regression results of the two models and comparing which model is more suitable for application. Secondly, this paper extends the Ohlson model and takes the representative items in the balance sheet with significant differences in accounting treatment under the new and old accounting standards as independent variables. Design asset-price model to improve the value of accounting information to further empirical test. The results show that the new accounting standards reflect more stable relevance of accounting information value in different market environment. The regression results of the price and return models show that the value correlation of accounting information under the new accounting standards is improved, and the goodness of fit of the price model is significantly higher than that of the income model. In the asset-price model, Because of the stock market turbulence in 2008, the average value of the relevant variables decreased, but the fitting degree of the regression equation was not affected and higher than the results under the old accounting standards, which indicated that the accounting information under the new accounting standards was affected by the macro market environment. The implementation of the new accounting standards can improve the value relevance of accounting information. The change of accounting rules of intangible assets and financial assets has effectively improved the relevance of accounting information value, at the same time, the reform of intangible assets accounting has played a positive role in the technological innovation of enterprises. The reliability of regression results is further explained by the conservatism test of parameter setting in this paper. Based on the results of empirical research, this paper further improves the accounting standards and regulates the disclosure of capital market information. Listed companies own internal control norms and improve the quality of financial accounting personnel from a number of perspectives put forward policy recommendations.
【學(xué)位授予單位】：北京交通大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F233;F832.51

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