公允价值计量、会计稳健性与非效率投资研究

发布时间：2018-04-18 09:20

本文选题：公允价值计量 + 会计稳健性　；参考：《重庆理工大学》2017年硕士论文

【摘要】：会计稳健性与公允价值计量的发展历史曲折,备受争议。2008年推崇公允价值的IASB和FASB提议废除会计稳健性,经过大多数学者讨论,最终认为稳健性具有显著的积极作用,所以保留了会计稳健性,但会计稳健性对经济的影响还需深入研究。2014年我国公允价值计量准则颁布,使用公允价值计量时更加规范,而先前的研究只考虑了公允价值变动损益的影响,忽略了计入权益的公允价值变动等因素的影响,所以今后在研究公允价值计量对经济后果的影响时理应更加全面。我国进入“新常态”,经济需从高速度的增长转化为高质量的增长。投资作为三驾马车之一,对于我国经济增长具有重要意义,而微观层面企业非效率投资直接影响了宏观层面的投资效率,因此企业非效率投资也成为会计学研究的热点之一。基于此,文本研究公允价值计量、会计稳健性与非效率投资之间的关系,以期充实三者的实证证据,为上市公司抑制非效率投资行为提供参考。首先本文对国内外关于公允价值计量、会计稳健性和非效率投资的相关文献进行梳理,并基于委托代理理论、信息不对称理论、企业投资理论等相关理论提出假设。通过实证研究发现:(1)会计稳健性水平能抑制非效率投资,即会计稳健性能抑制过度投资、缓解投资不足;(2)公允价值计量不一定会加深非效率投资,即只考虑了公允价值变动损益的公允价值计量会加重管理层和投资者的非理性心理,造成非效率投资,但是考虑了计入权益的公允价值变动和以公允价值计量的资产的减值的公允价值计量并不一定会造成非效率投资;(3)公允价值计量会减弱会计稳健性与非效率投资之间的负相关关系,即公允价值计量会减弱会计稳健性抑制过度投资、缓解投资不足的能力。基于如上结论,本文提出了相关政策建议。但本文研究的样本只包含了2013年至2015年的A股主板上市公司,因此研究结论是否能拓展至其它样本还需进一步检验。
[Abstract]:The history of accounting conservatism and fair value measurement is tortuous and controversial. In 2008, IASB and FASB, who praised fair value, proposed to abolish accounting conservatism.Therefore, the accounting conservatism has been retained, but the impact of accounting conservatism on the economy needs to be further studied. In 2014, the fair value measurement standards were issued in China, and the fair value measurement was more standardized.The previous research only considered the influence of fair value change profit and loss, and ignored the influence of fair value change of equity, so the study of fair value measurement on economic consequences should be more comprehensive in the future.As China enters the "new normal", the economy needs to be transformed from high-speed growth to high-quality growth.As one of the troika, investment is of great significance to the economic growth of our country, and the micro-level enterprise's non-efficiency investment directly affects the macro level's investment efficiency, so the enterprise's non-efficiency investment also becomes one of the hot spots of accounting research.Based on this, the text studies the relationship between fair value measurement, accounting conservatism and inefficient investment, in order to enrich the empirical evidence and provide a reference for listed companies to curb inefficient investment behavior.First of all, this paper reviews the literature on fair value measurement, accounting conservatism and inefficient investment at home and abroad, and puts forward assumptions based on principal-agent theory, information asymmetry theory, enterprise investment theory and so on.Through empirical research, we find that accounting conservatism level can restrain inefficient investment, that is, accounting conservatism performance inhibits overinvestment and alleviates underinvestment. Fair value measurement does not necessarily deepen inefficient investment.That is, the fair value measurement, which only considers the change of fair value gains and losses, will aggravate the irrational psychology of management and investors, resulting in inefficient investment.However, fair value measurement that takes into account fair value changes in equity and impairment of assets measured at fair value does not necessarily result in inefficient investment.) Fair value measurement weakens accounting conservatism and inefficient investment.The negative correlation between them,That is, fair value measurement will weaken the ability of accounting conservatism to restrain overinvestment and alleviate underinvestment.Based on the above conclusions, this paper puts forward the relevant policy recommendations.But the sample of this paper only includes the A-share main board listed companies from 2013 to 2015, so whether the conclusion can be extended to other samples still needs to be further tested.
【学位授予单位】：重庆理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51

【参考文献】