会计信息质量对证券市场资源配置效率的影响研究——基于中国会计准则国际趋同的实证分析

发布时间：2019-02-12 08:13

【摘要】：会计信息质量的提高与证券资本市场的资源配置效率息息相关,而会计准则的变迁将会对一国的经济利益及国际投融资环境产生巨大影响。目前我国对会计准则不断修订,力图通过实现国际趋同提高会计信息质量,市场资源配置效率同时也得到提高。基于新准则实施前2006年及2011年证券市场的资源配置效率及会计信息的对比实证分析发现:新会计准则实施后我国上市公司进行股权再融资所募集资金量及融资成本与会计信息的相关性明显增强,在新会计准则下我国资本市场资源配置效率更高。持续优化和完善会计准则进而提供高质量的会计信息,将成为政府和有关部门提高证券市场资源配置效率的有效途径。
[Abstract]:The improvement of accounting information quality is closely related to the efficiency of resource allocation in the securities capital market, and the change of accounting standards will have a great impact on the economic interests of a country and the international investment and financing environment. At present, our country has revised the accounting standards constantly, trying to improve the quality of accounting information by realizing international convergence, and the efficiency of market resource allocation has also been improved at the same time. Based on the comparative analysis of resource allocation efficiency and accounting information of securities market in 2006 and 2011 before the implementation of the new accounting standards, it is found that: after the implementation of the new accounting standards, the amount of capital raised by Chinese listed companies for equity refinancing and their financing The correlation between this and accounting information is obviously enhanced. Under the new accounting standards, China's capital market resource allocation efficiency is higher. Continuous optimization and improvement of accounting standards to provide high-quality accounting information will become an effective way for the government and relevant departments to improve the efficiency of resource allocation in the securities market.
【作者单位】：西安财经学院商学院;
【分类号】：F233

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