金融资产公允价值变动的价值相关性研究

Study on Value Relevance of Changes in Fair Value of Financial Assets

本文以2007—2008年沪深A股公司为研究样本,对我国新会计准则制度下交易性金融资产和可供出售金融资产分别记入利润表和资产负债表的公允价值变动进行了价值相关性检验。结果发现:交易性金融资产的公允价值变动损益的价值相关性显著高于可供出售金融资产的公允价值变动净额的价值相关性。

This paper tests the value relevance of the changes in fair value between trading financial assets and financial assets available for sale which are recorded in the income statement and balance sheet separately right under the new system of accounting standards, and uses A-share listed companies in Shanghai and Shenzhen stock market in the years of 2007-2008 as the research sample. The results show that the value relevance of changes in fair value gains and losses of trading financial assets is significantly higher than that of the net change of fair value of finan cial assets available for sale.