会计信息、共同知识与资产定价:一个会计信息传导的理论分析框架

Accounting Information,Common Knowledge and Assets Price: A Theoretical Framework of Accounting Information Transmission

通过将会计信息作用于"企业"这种资产的定价过程概括为会计信息传导,本文分析会计信息与资产定价的本质关联、会计信息传导制度安排的因应及影响会计信息传导效率的因素。会计信息与资产定价的内在关联体现为会计信息对"企业现场知识"的传导过程,会计信息传导的相关制度安排是为了尽可能形成市场参与者对企业的共同知识,以增强资产价格形成的"集体理性",而会计信息的传导效率则应从其时效、精度、受众广度及市场参与者对之的信任等四个方面进行界定。

The basic theoretical issue between modern accounting and market economy has been researched in the paper.The relationship between accounting information and corporation assets price is,in fact,a processing of accounting information transmission.The objection of accounting information transmission is the corporation＇s spot knowledge,and the nature of accounting information transmission is an institution with which market participants could form the common knowledge of the corporation,which can improve the collective rationality of security pricing.And the efficiency of accounting information transmission should be defined by timeliness,accuracy,breadth and the credit of accounting information.