公允价值分层计量与分析师盈余预测关系研究

发布时间：2018-05-22 19:47

本文选题：公允价值分层计量 + 信息披露　；参考：《经济问题》2017年11期

【摘要】：公允价值分层计量的目的之一是让信息使用者获取更多的决策信息,财务分析师盈余预测是为了帮助信息使用者进行有效决策,那么,公允价值分层计量信息是否影响财务分析师的盈余预测过程和结果成为亟待解决的问题。以2014-2015年采用公允价值分层计量方式的A股上市公司为样本,实证检验了公允价值分层计量信息对财务分析师盈余预测的影响。研究结果表明:(1)公允价值分层计量信息第一层次披露越充分,分析师盈余预测的准确程度越高,并能有效抑制分析师盈余预测的乐观倾向;(2)有效的内部公司治理能够增强公允价值第一层次计量信息与分析师盈余预测的相关性,而作为外部公司治理重要因素之一的市场化程度越高,二者之间的相关性则越低。
[Abstract]:One of the purposes of the hierarchical measurement of fair value is to enable information users to obtain more decision-making information, and the earnings forecast of financial analysts is intended to help information users to make effective decisions. Whether the stratified measurement of fair value affects the earnings forecasting process and results of financial analysts has become an urgent problem to be solved. Taking A-share listed companies with fair value stratified measurement in 2014-2015 as a sample, this paper empirically tests the influence of fair value stratified measurement information on earnings forecast of financial analysts. The results show that the more fully the first level of fair value measurement information is disclosed, the more accurate the analyst's earnings forecast is. Effective internal corporate governance can enhance the correlation between the first level of fair value measurement information and the analyst earnings forecast. As one of the important factors of external corporate governance, the higher the degree of marketization, the lower the correlation between the two.
【作者单位】：山西财经大学会计学院;武警后勤学院;
【基金】：山西省研究生教育创新项目(2017BY094)
【分类号】：F275;F832.51

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