投资者保护与国际会计准则的采纳和执行──基于产权和法律视角

Investor Protection and the Acceptance and Enforcement of International Accounting Standards──Perspective of Property Rights and Judicial Systems

基于产权和制度经济学的相关理论,对新兴资本市场上,司法体系如何影响会计准则执行及其对国际会计准则的采纳作了解释。研究表明,由于国际会计准则缺乏足够的自我实施特征,在会计国际化进程中,为了改善投资者保护,各个国家通过修订法律条文或与本国一贯采用的GAAP加以协调成为其主要的途径。与本国GAAP协调的目的是为了突出会计准则的自我实施能力,而修订本国法律条文则主要是强调司法机制保证会计准则的执行。对不同法系国家采纳和执行IFRS的实证研究也为上述结论提供了初步的证据支持。

Based on the theories of property rights and institutional economics, this paper provides the theoretical interpretation on how judicial system influences the enforcement of accounting standards and the acceptance of International Accounting Standards （IAS） in emerging capital markets. The conclusion suggests that, due to the insufficiency of self-enforcement characters of International Accounting Standards, it is the main measure that each country takes to modifying the law rules or harmonizing with its home GAAP in order to strengthen investor protection during the process of accounting internationalization. Harmonization with home GAAP is to improve the capability of self-enforcement of accounting standards, while amending the laws provisions is to perfecting judicial mechanism to guarantee the implementation of IAS. The empirical researches on the acceptance and enforcement of IFRS by countries in various legal systems are done to provide the evidences to the conclusion.