上市公司財(cái)務(wù)報(bào)告目的評(píng)估價(jià)值相關(guān)性研究——來(lái)自A股市場(chǎng)的經(jīng)驗(yàn)證據(jù)
發(fā)布時(shí)間：2019-01-15 09:02
【摘要】：公允價(jià)值在會(huì)計(jì)準(zhǔn)則中的廣泛運(yùn)用引致了以財(cái)務(wù)報(bào)告為目的的評(píng)估業(yè)務(wù)需求。本文選取了2004~2008年上市公司為研究樣本,檢驗(yàn)了以財(cái)務(wù)報(bào)告為目的的資產(chǎn)評(píng)估總體價(jià)值相關(guān)性以及基于資產(chǎn)減值測(cè)試的評(píng)估價(jià)值的市場(chǎng)反應(yīng)。研究結(jié)果表明,新會(huì)計(jì)準(zhǔn)則實(shí)施后的價(jià)值相關(guān)性顯著提高,而資產(chǎn)減值的計(jì)提受投資者的關(guān)注度則有所減弱。這說(shuō)明以財(cái)務(wù)報(bào)告為目的的評(píng)估有效地提高了會(huì)計(jì)信息的質(zhì)量和信息含量,并在一定程度上抑制了濫用公允價(jià)值進(jìn)行盈余管理的行為。從長(zhǎng)遠(yuǎn)來(lái)看,深化經(jīng)濟(jì)的市場(chǎng)化程度,努力構(gòu)建一個(gè)完整、統(tǒng)一、開(kāi)放、充分競(jìng)爭(zhēng)的市場(chǎng),實(shí)現(xiàn)評(píng)估界與會(huì)計(jì)審計(jì)界的良性互動(dòng),同時(shí)加強(qiáng)會(huì)計(jì)監(jiān)管及行業(yè)自律并對(duì)濫用公允價(jià)值及虛假評(píng)估行為予以嚴(yán)懲,仍是未來(lái)一段時(shí)期的重中之重。
[Abstract]:The wide use of fair value in accounting standards has led to business needs for financial reporting. This paper selects the listed companies from 2004 to 2008 as the research sample to test the correlation of the total value of the asset evaluation based on the financial report and the market reaction of the valuation value based on the impairment test of assets. The results show that the value relevance of the new accounting standards is significantly improved, while the impairment of assets is less concerned by investors. This shows that the evaluation for the purpose of financial report can effectively improve the quality and information content of accounting information and to some extent restrain the behavior of misuse of fair value for earnings management. In the long run, we should deepen the marketization of the economy, strive to build a complete, unified, open and competitive market, and realize the positive interaction between the evaluation and accounting and auditing circles. At the same time, strengthening accounting supervision and industry self-discipline and punishing the abuse of fair value and false evaluation are still the most important tasks in the future.
【作者單位】： 財(cái)政部財(cái)政科學(xué)研究所;中國(guó)農(nóng)業(yè)銀行;
【分類(lèi)號(hào)】：F275;F832.51;F224
[Abstract]:The wide use of fair value in accounting standards has led to business needs for financial reporting. This paper selects the listed companies from 2004 to 2008 as the research sample to test the correlation of the total value of the asset evaluation based on the financial report and the market reaction of the valuation value based on the impairment test of assets. The results show that the value relevance of the new accounting standards is significantly improved, while the impairment of assets is less concerned by investors. This shows that the evaluation for the purpose of financial report can effectively improve the quality and information content of accounting information and to some extent restrain the behavior of misuse of fair value for earnings management. In the long run, we should deepen the marketization of the economy, strive to build a complete, unified, open and competitive market, and realize the positive interaction between the evaluation and accounting and auditing circles. At the same time, strengthening accounting supervision and industry self-discipline and punishing the abuse of fair value and false evaluation are still the most important tasks in the future.
【作者單位】： 財(cái)政部財(cái)政科學(xué)研究所;中國(guó)農(nóng)業(yè)銀行;
【分類(lèi)號(hào)】：F275;F832.51;F224
【參考文獻(xiàn)】
相關(guān)期刊論文 前4條
1 戴德明,毛新述,鄧t，
本文編號(hào)：2409058
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