房地产上市公司综合收益信息与股票价格相关性的实证研究

发布时间：2018-04-12 10:29

本文选题：房地产上市公司 + 综合收益信息　；参考：《哈尔滨工业大学》2014年硕士论文

【摘要】：国际会计准则的趋同促进我国的会计准则改进发展，财政部从2009年开始就发布了一系列通知，对综合收益和其他综合收益的应用提出了要求，同时要求也涉及到相应的附注说明内容。国家层面的政策促进了综合收益在实践中的应用，同时也产生了理论研究需求。因此，相关领域的学者对国外的研究成果进行总结比较，开始进行综合收益理论的研究，也取得了一定的研究成果，但目前综合收益的实证研究鲜见。针对当前的这种研究缺陷，本文将房地产上市公司作为实证对象，选择综合收益出台后的2009年-2012年的年报数据为样本，利用价格模型研究综合收益和股票价格的相关性。本文分别从理论和实践角度对当前的研究成果全面梳理和总结，评述研究现状，奠定研究基础。其次，概括了综合收益的内容，，尤其是比较与传统会计收益的区别，引出综合收益信息的内涵；同时整体描述了综合收益与股票价格的相关性和有效市场假说、决策有用观、信息观和计量观等现有理论，并剖析探究房地产行业综合收益指标的必要性。再次，列举了模型构建的假设条件，介绍了研究样本的主要情况，并借助多元回归的统计学方法构建综合收益与股票价格相关性模型，同时选取上市房地产公司为实证研究对象，展开综合收益与股票价格相关性的实证研究。最后，本文在实证结果分析的基础上，从完善推行外部条件、优化会计计量手段、改进综合收益模式和制定企业业绩标准四方面提出了房地产行业的实践建议。
[Abstract]:The convergence of international accounting standards promotes the improvement and development of accounting standards in China. Since 2009, the Ministry of Finance has issued a series of circulars, which require the application of comprehensive income and other comprehensive income.At the same time, the requirements also involve the corresponding notes.The policy at the national level has promoted the application of comprehensive income in practice, and has also generated the need for theoretical research.Aiming at this kind of research defect, this paper takes the real estate listed company as the empirical object, selects the annual report data from 2009 to 2012 after the comprehensive income comes out as the sample, studies the correlation between the comprehensive income and the stock price by using the price model.In this paper, the current research results are reviewed and summarized in theory and practice respectively, and the research status is reviewed to lay the foundation for the research.Secondly, it generalizes the content of the comprehensive income, especially the difference between the comparison and the traditional accounting income, leads to the connotation of the comprehensive income information, and at the same time describes the correlation between the comprehensive income and the stock price, the efficient market hypothesis, and the decision usefulness view.The present theories, such as information view and measurement view, are analyzed and the necessity of exploring the comprehensive income index of real estate industry is analyzed.Thirdly, it lists the hypothetical conditions of model construction, introduces the main situation of the study sample, and constructs the comprehensive income and stock price correlation model with the help of the statistical method of multiple regression.At the same time, we select listed real estate companies as the empirical research object, and carry out the empirical research on the correlation between comprehensive income and stock price.
【学位授予单位】：哈尔滨工业大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F299.233.42;F832.51

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