公司治理对公允价值计量层级信息披露的影响研究

发布时间：2018-03-15 22:02

本文选题：公司治理　切入点：公允价值计量层级　出处：《湘潭大学》2015年硕士论文　论文类型：学位论文

【摘要】：2010年,我国财政部颁布《关于执行企业会计准则的上市公司和非上市公司做好2010年年报工作的通知》,要求公允价值的计量要分成三个层次。尽管我们国家还没有颁布要求披露公允价值层级信息的规定,但是一些学者研究发现,我国的金融行业的上市公司已开始向外公布相关的公允价值计量层级信息。公允价值目前正处于发展阶段,不管是在会计的实务界抑或是在理论界,公允价值的数据还是较少的,通过查阅一些文献和资料,关于公允价值方面的研究,国内外很多学者都是从价值相关性与可靠性角度进行分析的,仅有少数学者是分析其分层信息,因此,基于上述考虑,本文在借鉴占星(2011)和邵莉(2012)公允价值层级理论的基础上,选择我国金融行业的经验数据,从公司治理角度对公允价值计量的层级信息披露进行实证分析,目的是希望能够努力充实公允价值计量层级信息方面的理论研究,并提出可行性建议以促进公允价值在我国的发展。本文通过对我国金融行业上市公司2007年-2013年共计278个样本量进行研究分析,我们从公司治理角度检验了与公允价值的计量层级信息有关的两个问题:一是公司治理对公允价值的计量层级信息披露是否存在影响;二是对于已披露公允价值的计量层级信息的公司,公司治理对公允价值计量3个层级的相关性是否有影响。本文设计了一个公司治理综合因子得分指标,从整体层面比较全面地考虑公司治理对公允价值计量层级信息的影响,通过构建模型和实证研究,得出了下面的结论:(1)公司治理与公允价值的计量层级信息披露显著正相关。(2)对已披露了公允价值计量层级信息的公司而言,完善的公司治理对第3层级信息相关性的影响要高于第1、2层级信息。相比于以前的研究,文章的创新点主要有2点:(1)是研究选题的创新。通过查阅文献目前研究国内外对公允价值大都是基于整体层面研究,仅有少数研究其分层信息,再加上本文选择公司治理角度研究,可以体现我国上市公司治理特点。(2)研究方法的创新。本文通过因子分析法构建了一个公司治理综合因子得分的指标,方法简便且具有代表性。本文通过实证分析表明公司治理对公允价值的计量层级信息具有显著正向影响,且完善的公司治理水平对抑制管理层主观计量公允价值第三层级信息具有较大的作用。
[Abstract]:2010, The Ministry of Finance of our country issued the notice on the listed and unlisted companies implementing the accounting standards for enterprises to do a good job in the annual report of 2010, which requires that the measurement of fair value should be divided into three levels. Although our country has not promulgated yet to do so. For disclosure of fair value level information, However, some scholars have found that listed companies in the financial industry in China have begun to publish relevant level information of fair value measurement. Fair value is currently in the development stage, whether in the practice of accounting or in the theoretical field. The fair value data is still relatively small, through consulting some literature and information, about the fair value aspect research, many domestic and foreign scholars are from the value correlation and the reliability angle carries on the analysis, Only a few scholars analyze the stratified information. Therefore, based on the above considerations, this paper selects the empirical data of China's financial industry on the basis of the theory of fair value hierarchy of astrology 2011) and Shao Li Xi 2012). From the perspective of corporate governance, this paper makes an empirical analysis on the level information disclosure of fair value measurement, in order to enrich the theoretical research on the level information of fair value measurement. In order to promote the development of fair value in China, this paper makes a study and analysis of 278 samples of listed companies in our financial industry from 2007 to 2013, and puts forward some feasible suggestions to promote the development of fair value in China. From the perspective of corporate governance, we examine two issues related to the measurement level information of fair value: first, whether corporate governance has an impact on the disclosure of measurement level information of fair value; Secondly, for the companies that have disclosed the measurement level information of fair value, whether corporate governance has influence on the correlation of the three levels of fair value measurement. This paper designs a corporate governance comprehensive factor score index. Considering the influence of corporate governance on the level of fair value measurement from the overall level, through the construction of models and empirical research, We draw the following conclusion: 1) Corporate governance is significantly positively correlated with the disclosure of measurement levels of fair value. (2) for those companies that have disclosed the level of fair value measurement, The effect of sound corporate governance on the relevance of level 3 information is higher than that of level 1 / 2 information. The innovation of the article is the innovation of the research topic. By consulting the literature, most of the research on fair value at home and abroad is based on the overall level, and only a few of the layered information are studied. In addition, this paper chooses the angle of corporate governance to study, which can reflect the innovation of the research method of Chinese listed company governance characteristics. This paper constructs an index of comprehensive factor score of corporate governance by factor analysis. The method is simple and representative. The empirical analysis shows that corporate governance has a significant positive impact on the measurement level information of fair value. And the perfect level of corporate governance plays an important role in restraining the third level information of management subjective measurement of fair value.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F271;F275

【相似文献】