两种准则下会计业绩的契约有用性评价——基于B股公司经理人员变更的实证分析

The Evaluation of Accounting Performance Based on Contracting Perspective——Empirical Evidence FromTop Managers Turnover of B-Share Companies

文章通过对决策有用观和契约有用观研究的回顾,指出价值相关性并不是评价会计信息有用性的惟一标准,因此提出评价准则效果的一个新的衡量标准———会计信息的契约有用性。实证部分选取B股上市公司为样本,用契约有用性标准考察在经理人员变更中,国际和国内两种准则哪一种提供的会计业绩更加有用。结果表明:国际准则的业绩对B股公司经理人员的变更具有更强的解释力,这为评价我国两套会计准则的效果提供了新的经验证据。

This paper reviews the literatures of criteria for evaluating accounting information-value relevance perspective and contracting perspective. It points out that contracting use is also an important criterion for accounting standards in addition to its value relevance. Using this new criterion, we select B-shares listed companies to empirically test which accounting standards, international or domestic, can provide more useful accounting information for the top managers turnover. The results show that in the turnover of both director and manager, the accounting performance under international standards has stronger explanation power, which provides evidence for evaluating the effectiveness of the two sets of accounting standards.