《企业会计制度》国际协调程度的检验——基于上市公司实施《企业会计制度》的证据

An Empirical Test of Accounting Harmonization in China ——Based on the Evidence from Implementation of Accounting System for Business Enterprises of Listed Companies

本文以我国上市公司1999年度至2001年度财务报告的净盈余为研究对象,检验新《企业会计制度》的颁布与实施是否提高了会计信息的决策有用性,为我国加强同国际会计协调所进行的会计改革提供经验证据。事件研究法表明,市场投资者对协调后的《企业会计制度》作出了正面的反应,但是,报酬模型回归结果表明,新制度颁布与实施后,会计盈余的价值相关性在统计上并没有显著提高。

Based on financial reports of listed companies in China from 1999 to 2001, this paper examines whether the promulgation and implementation of 'Accounting System for Business Enterprise' improved value-relevance of accounting information. The results of study indicate that market investors gave positive reaction to the new system, and results of return model suggest that new system did not significantly improve value-relevance of accounting information.