应计盈余的计量比较及对资产负债表法的质疑

A Question on Measurement Comparison of Accruable Earnings and the Balance Sheet

从两种计量应计盈余的原理和单一公司比较的基础上论述了采用资产负债表法计量应计盈余存在一定的误差,并用实证的方法将其与现金流量表法下应计盈余的计量进行了比较。实证研究结果表明,无论哪种方法,经营现金流量的持续性均高于应计盈余,但是现金流量表法下的经营现金流量持续性显著强于资产负债表法下的经营现金流量。现金流量表法下的应计盈余、经营现金流量更可靠。

We find that there are some errors in measurement of accruable earnings from the balance sheet by comparing the accrual earnings from the balance sheet with that from the statement of cash flow in theories as well as a single company based on an empirical study. The result indicates that the amount of cash flow from operations has higher persistence than that of accruable earnings regardless of the methods employed. But the former is more persistent than the latter. The accruable earnings and cash flow from operations under the method of the statement of cash flow are more reliable than those under the method of the balance sheet.