会计准则等效调节效应下跨境上市对盈余质量的影响研究

发布时间：2018-06-15 05:28

本文选题：跨境上市 + 会计准则等效　；参考：《湖南大学》2014年硕士论文

【摘要】：随着世界经济一体化和资本市场国际化的快速发展，国家或地区之间的资本流动、经济交流和公司并购等方面越来越频繁，对一套高质量的全球性商业语言的会计准则的需求也越来越大，会计准则的国际趋同与等效已是大势所趋。顺应这一趋势，2007年12月6日，中国会计准则委员会与香港会计师公会签署了《关于内地企业会计准则与香港财务报告准则等效的联合声明》。基于以上背景，本文首先梳理了跨境上市与会计准则等效的研究现状，然后以相关理论为基础，运用2002-2011年的AH股上市公司及其配对的A股上市公司的经验数据，实证分析跨境上市对盈余质量的影响以及考察会计准则等效对两者关系的调节作用，并进一步地从投资者保护和法律执行两个层面考察内地与香港外部制度环境对盈余质量的影响。研究结果表明，，AH股上市公司的盈余质量显著高于配对的A股上市公司，即跨境上市确实能够提高上市公司的盈余质量；会计准则等效降低了跨境上市对盈余质量的提升幅度，虽然缩小了两组公司盈余质量的差异，但是这种差异仍然存在；进一步研究发现，内地与香港投资者法律保护和法律执行层面的差异是导致两类公司盈余质量差异仍然存在的重要原因。针对上述研究结论，本文从持续推进会计准则国际趋同与等效、进一步完善投资者保护法律规则以及切实提高法律执行效率和程度三个方面提出相应的政策建议，以期促进上市公司提供高质量的盈余信息。
[Abstract]:With the rapid development of world economic integration and capital market internationalization, capital flows, economic exchanges and mergers and acquisitions between countries or regions are becoming more and more frequent. There is a growing demand for a set of high-quality global business language accounting standards, and the international convergence and equivalence of accounting standards is the trend of the times. Following this trend, on December 6, 2007, the China Accounting Standards Board and the Hong Kong Society of Accountants signed the Joint Declaration on the equivalence of Accounting Standards for mainland Enterprises and Hong Kong Financial reporting Standards. Based on the above background, this paper firstly combs the research status of cross-border listing and accounting standards equivalence, and then, based on the relevant theories, applies the empirical data of AH listed companies and their matched A-share listed companies from 2002 to 2011. An empirical analysis of the impact of cross-border listing on earnings quality, as well as the effect of accounting standards equivalence on the relationship between the two, Furthermore, the influence of the external institutional environment of the mainland and Hong Kong on the earnings quality is investigated from the two aspects of investor protection and law enforcement. The results show that the earnings quality of listed companies with AH shares is significantly higher than that of A-share listed companies, that is, cross-border listing can improve the earnings quality of listed companies. Although the difference in earnings quality between the two groups has been narrowed, it still exists; further studies have found that, The difference in legal protection and enforcement between mainland and Hong Kong investors is an important reason for the difference in earnings quality between the two types of companies. In view of the above conclusions, this paper puts forward the corresponding policy suggestions from three aspects: continuing to promote the international convergence and equivalence of accounting standards, further improving the legal rules of investor protection and improving the efficiency and degree of law enforcement. In order to promote the listed companies to provide high-quality earnings information.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F233;F275

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