递延所得税会计信息价值相关性研究

发布时间：2018-05-10 18:03

本文选题：递延所得税 + 会计信息　；参考：《东北财经大学》2013年硕士论文

【摘要】：在经济全球化高速发展的今天,会计准则的国际趋同已经成为我国现今会计制度制定的目标,2006年,我国出台了新《企业会计准则》并于2007年1月1日开始实施,其中《企业会计准则第18号—所得税》在核算观念、核算方法以及科目设置等方面与原所得税会计准则有很大的不同,新所得税会计准则的这些变化对企业价值产生了怎样的影响,投资者怎样面对这些变化以及这些变化是否提高了所得税会计信息的决策有用性成为当今学者普遍研究的问题。本文在之前学者研究的基础上,针对新所得税会计准则实施后递延所得税会计信息的价值相关性进行了研究。针对理论基础,本文首先介绍了所得税会计的发展及我国新旧所得税会计准则和我国与国际所得税会计准则的对比分析；之后对价值相关性的概念及理论基础进行了阐述。针对递延所得税的价值相关性本文首先介绍了递延所得税会计信息价值相关性的分析；其次提出了相关假设：(1)新企业会计准则制度下确认的递延所得税净资产与股票价格显著正相关。(2)新企业会计准则制度下确认的递延所得税资产与股票价格显著正相关,递延所得税负债与股票价格显著负相关。在规范研究的基础上本文又结合了实证研究运用Ohlson的价格模型,选取2007年1月1日至2011年12月31日中国A股沪深两市上市公司作为实证检验的初选样本,对递延所得税会计信息价值相关性进行实证检验及分析。本文研究表明,在新所得税会计准则实施后的五年里,递延所得税净资产与股票价格显著正相关,递延所得税资产与股票价格显著正相关,递延所得税负债与股票价格显著负相关。公司规模及A股流通股比例增强了递延所得税会计信息的价值相关性并对股票价格有负方向的影响,制造类行业净资产对股票价格的解释能力高于全行业,各年度递延所得税会计信息的价值相关性均不同。以上结果说明,新所得税会计准则的实施使投资者将递延所得税资产、递延所得税负债视为一项真正的资产和负债,递延所得税会计信息能够帮助投资者进行正确的投资决策也能够准确的反应股票价格的变化。
[Abstract]:Today, with the rapid development of economic globalization, the international convergence of accounting standards has become the goal of our country's current accounting system. In 2006, China issued the new Accounting Standards for Enterprises and began to implement them on January 1, 2007. The Accounting Standards for Enterprises No. 18-income tax is quite different from the original income tax accounting standards in terms of accounting concepts, accounting methods and subject setup. How these changes in the new income tax accounting standards affect the value of enterprises, how investors face these changes and whether these changes improve the decision-making usefulness of income tax accounting information has become a common problem studied by scholars today. On the basis of previous research, this paper studies the value relevance of deferred income tax accounting information after the implementation of the new income tax accounting standards. Aiming at the theoretical basis, this paper first introduces the development of income tax accounting and the contrast analysis between the old and new income tax accounting standards of our country and the international income tax accounting standards, and then expounds the concept and theoretical basis of value correlation. According to the value correlation of deferred income tax, this paper first introduces the analysis of the value correlation of deferred income tax accounting information. Secondly, we put forward the related hypothesis: 1) the net deferred income tax recognized under the new accounting standards system has a significant positive correlation with the stock price. (2) the deferred income tax assets recognized under the new accounting standards system are significantly positively correlated with the stock prices, and there is a significant positive correlation between the deferred income tax assets recognized under the new accounting standards system and the stock prices. Deferred income tax liabilities are negatively correlated with stock prices. On the basis of normative research, this paper combines the empirical research with the price model of Ohlson, and selects the listed companies in Shanghai and Shenzhen stock markets from January 1, 2007 to December 31, 2011 as the primary test samples. This paper makes an empirical test and analysis on the correlation of deferred income tax accounting information value. The study shows that in the five years after the implementation of the new income tax accounting standards, the net assets of deferred income tax are significantly positively correlated with the stock prices, and the deferred income tax assets are significantly positively correlated with the stock prices. Deferred income tax liabilities are negatively correlated with stock prices. The company size and the ratio of A shares in circulation increase the value relevance of deferred income tax accounting information and have a negative effect on the stock price. The ability of explaining the stock price of the manufacturing industry is higher than that of the whole industry. The value relevance of deferred income tax accounting information varies from year to year. The above results show that the implementation of the new income tax accounting standards enables investors to treat deferred income tax assets and deferred income tax liabilities as a real asset and liability. Deferred income tax accounting information can help investors make correct investment decisions and accurately reflect stock price changes.
【学位授予单位】：东北财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F233

【参考文献】