我国上市公司脏盈余会计流量价值相关性研究

发布时间：2018-03-07 16:53

本文选题：脏盈余会计流量　切入点：净盈余　出处：《华侨大学》2012年硕士论文　论文类型：学位论文

【摘要】：脏盈余会计流量是违背奥尔森模型中净剩余关系的会计项目，是指那些影响所有者权益变动，根据净盈余关系应该计入利润表而在会计实践中直接计入资产负债表中所有者权益的项目，对应于我国上市公司会计报表中的“其他综合收益”。研究脏盈余会计流量对于进一步探讨奥尔森模型的解释能力，探讨如何增强会计信息的相关性具有重要意义，，可为相关的会计准则制订提供必要的理论依据。本文以奥尔森模型的净盈余关系为理论基础，采用实证与模拟仿真等方法研究我国脏盈余会计流量的价值相关性问题。文中运用非参数统计方法研究发现，忽略脏盈余会计流量会造成经济价值指标EVC的价值计量错误，因而需要进一步探讨脏盈余会计流量对企业市场价值的解释能力。借鉴现行的研究方法，通过奥尔森模型及股利折现模型建立实证模型，利用深市A股上市公司2009、2010年年报数据进行实证研究。由于现行研究方法忽视较短期限的样本对研究结果可能产生不利影响，为消除这种影响，本文设计多种模拟方法，以所搜集的经验数据为基础并相应模拟出100年会计数据，对上述问题进行模拟仿真研究。然而无论是基于经验数据还是多种模拟数据，结果均表明，脏盈余会计流量（其他综合收益）对企业市场价值没有解释能力。为探讨脏盈余会计流量解释能力低的原因，运用价格模型进一步研究净盈余和脏盈余会计流量的价值相关性，结果显示，净盈余（综合收益）具有价值相关性，但是相对净利润来说并没有提高其价值相关性，而是相对降低了；不具有持续性的特征是脏盈余会计流量解释能力低的基本原因。上述研究结果表明，尽管脏盈余会计流量对企业市场价值没有解释能力，但在当前会计实践中，将综合收益区分为净利润与其他综合收益进行披露，具有重要的意义，可以提高会计信息的整体解释能力。同时，研究结果对会计准则制订的启示是，不具有持续性的盈余应作为其他综合收益直接计入资产负债表是提高会计信息相关性的一个重要途径。
[Abstract]:Dirty earnings accounting flow is an accounting item that violates the net surplus relationship in Olson's model. It refers to those accounting items that affect the change of owner's equity. Items that should be included in the income statement according to the net surplus relationship and directly accounted for in the balance sheet in accounting practice, Corresponding to the "other comprehensive income" in the accounting statements of listed companies in China, it is of great significance to study the accounting flow of dirty earnings for further exploring the explanatory ability of Olson's model and how to enhance the relevance of accounting information. It can provide the necessary theoretical basis for the formulation of relevant accounting standards. Based on the net earnings relationship of Olson model, this paper uses empirical and simulation methods to study the value correlation of domestic dirty earnings accounting flow. Neglecting the dirty earnings accounting flow will cause the value measurement error of the economic value index EVC, so it is necessary to further explore the explanatory ability of the dirty earnings accounting flow to the enterprise market value. Based on Olson model and dividend discount model, the empirical research is carried out by using the annual report data of A share listed companies in Shenzhen Stock Exchange in 2009 and 2010. Because the current research method neglects the sample of shorter term, it may have a negative impact on the research results. In order to eliminate this effect, this paper designs a variety of simulation methods, based on the collected empirical data and the corresponding simulation of 100 years accounting data. However, whether based on empirical data or a variety of simulation data, the results show that, The dirty earnings accounting flow (other comprehensive income) has no explanatory power to the enterprise market value. In order to explore the reason why the dirty earnings accounting flow interpretation ability is low, the value correlation between the net surplus and the dirty earnings accounting flow is further studied by using the price model. The results show that the net surplus (comprehensive income) has a value correlation, but the relative net profit does not improve its value correlation, but decreases relatively; The lack of continuity is the basic reason for the low explanatory capacity of dirty earnings accounting flow. The results show that, although dirty earnings accounting flow has no explanatory power to the market value of enterprises, in current accounting practice, it is of great significance to distinguish comprehensive income into net profit and other combined income disclosure. It can improve the overall interpretation of accounting information. At the same time, the findings of the study have implications for accounting standard-setting. It is an important way to improve the correlation of accounting information that earnings without continuity should be directly recorded in balance sheet as other comprehensive income.
【学位授予单位】：华侨大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224

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