公允价值的可靠性研究——以服装纺织皮毛类上市公司为例

Research on reliability of fair value——Taking textile,clothing and fur listed companies for example

公允价值的可靠性一直受到质疑,分析2007年以来服装、纺织、皮毛类上市公司应用公允价值的实际情况,发现公允价值对金融工具的计量结果具有更大的预测价值,更能如实地反映企业的经济实质;公允价值在投资性房地产方面,会计信息还是可靠的,未发现公允价值成为利润操纵的工具;但公允价值对债务重组和非同一控制下企业合并进行计量时,很可能是利润操纵的结果;同时发现在投资性房地产领域,回避公允价值。根据数据分析的结果,对我国公允价值应用过程中存在的相关性问题作了分析,有利于我国公允价值会计的施行,使公允价值在我国得以健康发展。

The reliability of fair valu.e has been questioned. In this paper, the empirical analysis of the application of the fair value in textile, clothing and fur listed companies since 2007 indicates that the fair value has more predictive value for measurement results of financial instruments and can reflect the economy essentail of enterprises more faithfully. The accountancy information is reliable in investment real estate, since no evidence suggests that fair value become a tool of profit manipulation. But when the fair value measures the debt restructuring and the business combination under different control, the fair value is likely to be the tool of profit manipulation. At the same time, it is found that in the area of investment real estate, the fair value is avoided. Finally, analysis of the questions existing in the application of fair value is made according to the results of data analysis. This is conducive to the implementation of fair value accunting and to the healthy development of fair value in China.