会计稳健性对盈余持续性和盈余反应系数的不对称影响研究

发布时间：2018-03-25 15:02

本文选题：会计稳健性　切入点：盈余持续性　出处：《预测》2017年03期

【摘要】：会计稳健性对会计信息决策有用性的潜在损害使其在准则制定与执行中饱受争议。本文实证探讨稳健性对会计信息决策有用性与市场定价的影响,研究发现:稳健性显著降低盈余持续性但不影响盈余反应系数,表明稳健性在中国市场损害了会计信息的决策有用性,但不影响市场定价。基于前人研究,本文认为投资者权衡了稳健性降低公司内外部信息不对称的积极效应和稳健性降低会计信息决策有用性的消极效应,在对盈余信息定价时未受公司会计稳健性的影响,导致稳健性不影响盈余反应系数。本文对大资金交易活动的分析进一步验证了这种猜想。本文结果为中国会计准则制定者在强调会计信息决策有用性的同时保留稳健性作为会计信息质量的辅助要求提供了实证依据。
[Abstract]:The potential damage of accounting conservatism to the usefulness of accounting information decision-making makes it controversial in standard-setting and enforcement. This paper explores the influence of conservatism on the usefulness of accounting information decision-making and market pricing. It is found that conservatism significantly reduces the persistence of earnings but does not affect the coefficient of earnings response, which indicates that conservatism damages the usefulness of accounting information decision-making in the Chinese market, but does not affect market pricing. This paper argues that investors have weighed the positive effects of conservatism to reduce the asymmetry of internal and external information and the negative effects of conservatism in reducing the usefulness of accounting information decision-making, and are not affected by the accounting conservatism in pricing earnings information. The result is that conservatism does not affect the coefficient of earnings response. The analysis of large fund trading activities in this paper further verifies this conjecture. The result of this paper is that the Chinese accounting standard-setters can keep the accounting information while emphasizing the usefulness of accounting information decision-making. Conservatism as a supplementary requirement of accounting information quality provides an empirical basis.
【作者单位】：西安交通大学管理学院;香港城市大学商学院;
【基金】：国家自然科学基金资助项目(71372163,71672141,71302195) 教育部高等学校博士学科点专项科研基金资助项目(20130201110019)
【分类号】：F275

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