公允价值计量、投资者情绪与会计信息决策有用性

发布时间：2018-05-11 00:25

本文选题：公允价值计量 + 决策有用性　；参考：《当代财经》2017年10期

【摘要】：历史成本计量与价值相关性渐行渐远,公允价值计量的应用日益广泛,公允价值计量与会计信息决策有用性的关系备受关注。以我国A股主板市场2007—2012年IPO公司为样本,从投资者情绪和市场发展水平两个方面,检验了公允价值计量对于会计信息决策有用性的影响。研究发现,样本公司每股公允价值变动损益与IPO投资者情绪定价负相关,表明公允价值计量提高了会计信息质量,抑制了IPO投资者情绪定价,提升了会计信息的决策有用性。进一步的研究还发现,市场发展水平的提高具有制约公允价值计量项目的盈余管理空间和提升公允价值会计信息决策有用性的积极作用。
[Abstract]:The correlation between historical cost measurement and value measurement is gradually far away, the application of fair value measurement is increasingly widespread, and the relationship between fair value measurement and the usefulness of accounting information decision is paid more and more attention. Taking IPO Company of China's A-share main Board Market from 2007-2012 as a sample, this paper examines the impact of fair value measurement on the usefulness of accounting information decision-making from two aspects: investor sentiment and market development level. It is found that the change of fair value per share of sample companies is negatively correlated with IPO investor sentiment pricing, which indicates that fair value measurement improves the quality of accounting information, inhibits the pricing of IPO investors' emotions, and enhances the decision-making usefulness of accounting information. Further research shows that the improvement of market development level has a positive effect on restricting the earnings management space of fair value measurement items and improving the usefulness of fair value accounting information decision-making.
【作者单位】：浙江工商大学财务与会计学院;厦门大学会计发展研究中心;
【基金】：国家社会科学基金重点项目“公允价值信息采集及指数构建研究”(13AJY005);国家社会科学基金重点项目“股票错误定价的生产机制及对上市公司投资行为作用的机理研究”(13AGL002) 教育部人文社会科学重点研究基地重大项目“会计计量模式、报告模式与企业综合报告”(16JJD790035) 国家自然科学基金青年基金项目“管理层盈余预测乐观偏差:影响因素与经济后果”(71502166) 浙江省自然科学基金项目“公允价值会计信息与股价同步性:基于投资者情绪和会计信息透明度的交叉研究”(LY15G020003)
【分类号】：F275;F832.51

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