公允价值层级信息的价值相关性研究

发布时间：2018-06-21 15:17

本文选题：公允价值 + 公允价值层次　；参考：《中国石油大学(北京)》2016年硕士论文

【摘要】：2011年5月,国际会计准则委员会颁布了国际财务报告第13号准则《公允价值计量》(IFRS13),改变了公允价值计量在具体准则中零星分散的局面。2014年1月,我国出台了《企业会计准则第39号——公允价值计量》(CAS39),准则中规定了上市公司要在其年报中披露公允价值各个层次的信息,保证了公允价值的可靠性。所以在此进行本文的研究,不仅能为上市公司在披露公允价值层次信息时提供经验证据,还能有助于准则的进一步完善。本文以我国2010-2014年披露公允价值层次信息的金融业上市公司作为研究对象,采用价格模型分别从公允价值层次和公司治理两个角度对样本数据进行了检验研究。结果显示:(1)公允价值整体具有价值相关性。(2)对于资产,第一层次公允价值(FVA1)的价值相关性高于第二、三层次(FVA2、FVA3)的价值相关性,而二、三层次之间没有显著差异;对于负债,第一二层次公允价值(FVL12)的价值相关性高于第三层次的价值相关性。(3)公司治理质量越高,对第二、三层次的公允价值资产影响越大。总体来说,公允价值准则的应用效果还不错。但CAS39准则规定过于宽泛,对于公允价值层次没有制定应用指南等缺陷,使其可操作性不高。所以本文希望通过对公允价值计量层次的研究为其在我国更好的实施及完善提供一些政策建议。
[Abstract]:In May 2011, the International Accounting Standards Board issued International Financial reporting Standard 13, Fair value Measurement, which changed the fragmented pattern of fair value measurement in specific standards. January 2014, China has issued the Accounting Standard for Enterprises No. 39-Fair value Measurement, which stipulates that listed companies should disclose all levels of information of fair value in their annual reports to ensure the reliability of fair value. Therefore, the research in this paper can not only provide empirical evidence for listed companies in disclosure of fair value level information, but also contribute to the further improvement of the criteria. In this paper, the listed companies of financial industry which disclosed fair value level information in 2010-2014 are taken as the research object, and the sample data are tested and studied from the perspective of fair value level and corporate governance using price model. The results show that: 1) the overall fair value has a value correlation. 2) for assets, the first level of fair value is higher than that of the second, the third level is FVA2 / FVA3), but there is no significant difference between the two and three levels; for liabilities, there is no significant difference between the two and three levels. The higher the quality of corporate governance, the greater the impact on the second and third levels of fair value assets. Generally speaking, fair value criterion application effect is good. However, the CAS39 criterion is too broad and has no application guidelines for fair value level, which makes it not operable. Therefore, this paper hopes to provide some policy suggestions for its better implementation and improvement in China through the research on the level of fair value measurement.
【学位授予单位】：中国石油大学(北京)
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F830.42;F832.3

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