上市公司财务报告目的评估价值相关性研究——来自A股市场的经验证据
发布时间：2019-01-15 09:02
【摘要】：公允价值在会计准则中的广泛运用引致了以财务报告为目的的评估业务需求。本文选取了2004~2008年上市公司为研究样本,检验了以财务报告为目的的资产评估总体价值相关性以及基于资产减值测试的评估价值的市场反应。研究结果表明,新会计准则实施后的价值相关性显著提高,而资产减值的计提受投资者的关注度则有所减弱。这说明以财务报告为目的的评估有效地提高了会计信息的质量和信息含量,并在一定程度上抑制了滥用公允价值进行盈余管理的行为。从长远来看,深化经济的市场化程度,努力构建一个完整、统一、开放、充分竞争的市场,实现评估界与会计审计界的良性互动,同时加强会计监管及行业自律并对滥用公允价值及虚假评估行为予以严惩,仍是未来一段时期的重中之重。
[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.
【作者单位】： 财政部财政科学研究所;中国农业银行;
【分类号】：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.
【作者单位】： 财政部财政科学研究所;中国农业银行;
【分类号】：F275;F832.51;F224
【参考文献】
相关期刊论文 前4条
1 戴德明,毛新述,邓t，
本文编号：2409058
本文链接：https://www.wllwen.com/jingjilunwen/guojijinrong/2409058.html
