会计准则趋同、制度环境与财务报告可比性——基于A股与H股、港股比较的经验证据

发布时间：2018-02-20 22:10

本文关键词： 准则趋同可比性制度环境　出处：《会计研究》2017年07期 　论文类型：期刊论文

【摘要】：本文研究会计准则趋同如何影响财务报告可比性,以及制度环境如何影响准则趋同的效果。利用2003-2011年A股、H股和港股的数据,我们分析了准则趋同前后A股与H股、港股的财务报告可比性变化情况,结果发现:(1)准则趋同后,A股与H股、港股的可比性得到了显著提升,且A股与港股的可比性提升水平高于A股与H股;(2)A股公司所在地区投资者保护程度越低,准则趋同后可比性提升越大。进一步分析发现,准则趋同后可比性的提升并没有增加境外机构对A股的投资,这说明可比性的提升并没有带来促进资本跨境配置的预期效果。本文的结果对理解准则趋同的效果以及进一步完善我国准则制定工作具有重要意义。
[Abstract]:This paper studies how convergence of accounting standards affects the comparability of financial reporting and how the institutional environment affects the effect of convergence of standards. Using the data of A shares, H shares and Hong Kong stocks from 2003 to 2011, we analyze the convergence of standards between A shares and H shares. The financial reporting comparability of Hong Kong stocks has changed. The results show that after the convergence of the "1: 1" standard, the comparability between A shares and H shares, Hong Kong stocks, has been significantly improved. Moreover, the level of comparability between A-shares and Hong Kong stocks is higher than that between A-shares and H-shares.) the lower the degree of investor protection in the region where A shares are located, the greater the comparability increases after the standards converge. Further analysis shows that. The increase in comparability after the convergence of the standards did not increase the investment of foreign institutions in A-shares. This shows that the improvement of comparability does not bring about the expected effect of promoting cross-border allocation of capital. The results of this paper are of great significance to understand the effect of convergence of standards and to further improve the work of establishing standards in China.
【作者单位】：西南财经大学会计学院/中国金融研究中心;
【基金】：西南财经大学中央高校基本科研业务费项目(17LRC032831)资助
【分类号】：F275;F832.51

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