治理环境、会计制度变迁与会计信息价值相关性

Institutional Environment,Accounting Institutional Changes and Value Relevance

基于《股份有限公司会计制度》和《企业会计制度》的变迁,运用国内外关于决策有用性的经验研究模型,从会计信息价值相关性的角度,检验中国地区治理环境对会计制度变迁效果的潜在影响。研究结果表明,投资者保护的"后果假说"和"替代假说"均得到一定程度的支持。从而为地区治理环境影响制度变迁效率提供了新的经验证据,对会计准则的国际趋同效果提供了一定的经验证据。

Based on the institutional changes of Accounting Regulations for Listed Companies and Accounting Regulations for Business Enterprises, this paper investigates how the governance environment affects the efficiency of the accounting system＇ changes with the empirical model of value relevance. The paper provides new evidence that how the governance environment influences the institutional changes and conclusions indicate that ＂consequence hypothesis＂ and ＂substitute hypothesis＂ have been supported to some extent. The paper contributes to the literatures about governance environment and accounting standards theories＇ empirical research in China.