关联交易对盈余价值相关性的实证研究

发布时间：2018-01-09 01:28

本文关键词：关联交易对盈余价值相关性的实证研究　出处：《东北大学》2013年硕士论文　论文类型：学位论文

【摘要】：决策有用观已经成为国际和众多国家财务报告目标的主流观点,也是中国新企业会计准则中财务报告的目标。上市公司财务报告披露就是基于决策有用观,要提高会计信息的价值相关性。具有“两面性”的关联交易是财务报表附注中强制性披露的重要信息之一,在有效资本市场上,市场必然会对通过关联交易反映的盈余信息产生反应。论文首先在第一章中回顾了研究关联交易与盈余价值相关性的国内外文献,然后在第二章对关联交易的内容与盈余价值相关性的定义作了界定,并对关联交易的效应及利益流向进行了分析,进而对关联交易与盈余价值相关性两者之间的传导作用进行了理论分析。在研究设计中,通过对关联交易整体状况分析可知：关联交易在中国上市公司普遍存在；通过对关联交易事项具体分析可知：关联交易主要集中在商品购买或销售、担保或抵押；通过发生关联交易的上市公司与所属行业分析可知：制造业行业的关联交易比重最大。本文选取中国A股制造业上市公司2008年至2011年的数据,用关联购销度代替关联交易度,利用ERC模型,实证检验了关联交易与盈余价值相关性的关系。本文得出研究结论：(1)中国上市公司年报所披露的盈余信息是有用的、相关的。(2)中国上市公司的关联交易度对盈余价值相关性影响显著。(3)在一定范围内,盈余价值相关性会随着关联交易规模的增大而提高。(4)关联交易与盈余价值相关性之间呈现抛物线型的非线性关系。
[Abstract]:Decision-making usefulness view has become the mainstream view of international and many countries' financial reporting objectives, and it is also the goal of financial reporting in the new accounting standards of China's new enterprises. The disclosure of financial reports of listed companies is based on the concept of decision usefulness. In order to improve the value relevance of accounting information, the "two-sided" related party transaction is one of the most important information in the notes to the financial statements, which is in the effective capital market. The market is bound to react to the earnings information reflected by the related party transactions. Firstly, this paper reviews the domestic and foreign literature on the correlation between the related party transactions and the value of earnings in the first chapter. Then, in the second chapter, we define the correlation between the content of related party transactions and earnings value, and analyze the effect and benefit direction of related party transactions. Furthermore, the conduction effect between the correlation between the related transaction and the earnings value is analyzed theoretically. In the research and design. Through the analysis of the overall situation of related party transactions, we can see that: related party transactions are common in listed companies in China; Through the specific analysis of related party transactions, we can know: related party transactions mainly focus on the purchase or sale of commodities, guarantee or mortgage; Through the analysis of listed companies and their respective industries, we can see that the proportion of related transactions in manufacturing industry is the largest. This paper selects the data from 2008 to 2011 of Chinese A-share manufacturing listed companies. The associated purchasing and selling degree is used instead of the associated transaction degree, and the ERC model is used. Empirical test of the correlation between related party transactions and earnings value. This paper draws a conclusion that the earnings information disclosed by the annual report of listed companies in China is useful. Correlation. 2) the degree of related transactions of listed companies in China has a significant impact on the correlation of earnings value. The correlation between earnings value and earnings value will increase with the increase of the scale of related party transactions.) there is a parabola nonlinear relationship between the correlation of earnings value and the correlation between related party transactions and earnings value.
【学位授予单位】：东北大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F832.51

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