我国上市公司独立审计意见的投资决策有用性研究
发布时间：2018-12-20 10:04
【摘要】：上市公司独立审计意见是对其财务报表真实性、公允性及会计处理方法一贯性的有效鉴证,为利益相关者的投资决策提供重要的参考依据,同时关系到上市公司、证券市场的持续健康发展。本文首先对本论题的研究背景、国内外研究现状进行了阐述,设计了本文的研究框架和方法。接着以信息论、投资决策理论及利益相关者理论等作为研究的基础进行论述,从不同的角度为独立审计意见的投资决策效用研究搭建了理论支持的平台。重点运用超额收益和线性回归的分析方法,构建不断优化的模型,对考察年度我国上市公司独立审计意见的投资决策有用性进行了实证研究,并结合增量解释力的价值相关性检验展开了对独立审计意见预测价值的讨论,得到了重要的相关启示。本研究为从整体上把握上市公司独立审计意见的股票市场效应,了解审计意见的决策价值提供了一定的实证证据;为现有和潜在投资者如何敏锐捕捉股票市场动态,充分利用既得的市场信息,预测市场的进一步发展趋势,实现审计意见信息的决策效用给出了具有一定参考价值的方法;为证券监管部门加快与国际接轨的审计制度建设,致力于证券市场和审计市场环境的改善,以提高审计意见的投资者决策有用性提出了相关的政策性建议。
[Abstract]:An independent audit opinion of a listed company is an effective authentication of the authenticity, fairness and consistency of its financial statements, which provides an important reference basis for the investment decision of the stakeholders, and also relates to the listed company. The sustained and healthy development of the securities market. In this paper, the background of this thesis, the current situation of research at home and abroad are described, and the research framework and methods are designed. Based on information theory, investment decision theory and stakeholder theory, this paper sets up a theoretical support platform for the research of independent audit opinion on investment decision-making utility from different angles. Based on the analysis method of excess return and linear regression, this paper constructs an optimized model, and makes an empirical study on the usefulness of independent audit opinions of Chinese listed companies in investment decision-making. Based on the value correlation test of incremental explanatory power, this paper discusses the predictive value of independent audit opinion, and gets important enlightenment. This study provides some empirical evidence to grasp the stock market effect of independent audit opinions of listed companies and to understand the decision value of audit opinions. The method of how to catch stock market dynamic acutely, make full use of existing market information, predict the further development trend of market and realize the decision utility of audit opinion information is given. The relevant policy suggestions are put forward for the securities supervision department to accelerate the construction of audit system in line with international standards, to improve the security market and audit market environment, and to improve the investors' decision-making usefulness of audit opinions.
【学位授予单位】：中南大学
【学位级别】：硕士
【学位授予年份】：2004
【分类号】：F239.4
本文编号：2387836
[Abstract]:An independent audit opinion of a listed company is an effective authentication of the authenticity, fairness and consistency of its financial statements, which provides an important reference basis for the investment decision of the stakeholders, and also relates to the listed company. The sustained and healthy development of the securities market. In this paper, the background of this thesis, the current situation of research at home and abroad are described, and the research framework and methods are designed. Based on information theory, investment decision theory and stakeholder theory, this paper sets up a theoretical support platform for the research of independent audit opinion on investment decision-making utility from different angles. Based on the analysis method of excess return and linear regression, this paper constructs an optimized model, and makes an empirical study on the usefulness of independent audit opinions of Chinese listed companies in investment decision-making. Based on the value correlation test of incremental explanatory power, this paper discusses the predictive value of independent audit opinion, and gets important enlightenment. This study provides some empirical evidence to grasp the stock market effect of independent audit opinions of listed companies and to understand the decision value of audit opinions. The method of how to catch stock market dynamic acutely, make full use of existing market information, predict the further development trend of market and realize the decision utility of audit opinion information is given. The relevant policy suggestions are put forward for the securities supervision department to accelerate the construction of audit system in line with international standards, to improve the security market and audit market environment, and to improve the investors' decision-making usefulness of audit opinions.
【学位授予单位】：中南大学
【学位级别】：硕士
【学位授予年份】：2004
【分类号】：F239.4
【引证文献】
相关硕士学位论文 前1条
1 陈涓;上市公司年报审计意见信息含量研究[D];首都经济贸易大学;2012年
，本文编号：2387836
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