权益资本计价:会计选择下的信息属性与计量发展

Equity Capital Evaluation:Development of Information Attribute and Measurement under Accounting Selection

对会计数据的信息属性与计量发展的研究表明,尽管由传统会计原则所形成的会计数据给人们留下了过于主观的感觉,但在证券市场上仍发挥着不以人的意志为转移的显著作用,对于权益资本计价与公司估价而言,仍具有重要的意义。因此,在实际工作中,我们必须坚持权责发生制和历史成本原则。本文也从另一个侧面说明了在证券市场中对会计进行监督和管理的重要性。

The traditional accounting standard represented by the accrual basis and the historical cost principle leaves us a subjective feeling. So many people try to neglect accounting data （especially the book value of equity capital） to grasp the intrinsic value of the stock directly in their actions. But recent results of normal and positive research indicate that the accounting information from the traditional accounting principle plays an important role in the evaluation of corporate value, or the capital pricing of equity. So this paper believes we should insist the accrual basis and the historical cost principle in the practice. In addition, it also shows that it is important to supervise and manage account action.