摘要
结合中国企业会计准则变化和全球金融危机的背景,运用实证研究方法,借鉴费尔萨姆—奥尔森股价模型及该模型的演化模型,探讨金融类上市公司公允价值会计信息是否具有价值相关性。研究发现:公允价值变动损益信息的价值相关性不显著,可供出售金融资产公允价值变动净额信息的价值相关性也不显著,金融工具期末公允价值具有显著的价值相关性,金融类上市公司执行新会计准则后会计信息的价值相关性得到显著提高。
Under the background of the global financial crisis and changes in accounting standards, tins paper uses empirical analysis methods and Feltham--Ohlson price model and its evolution model to test whether the application of fair value measurement of financial listed companies has the value relevance of accounting information, whether the relevance of accounting information is more significant under fair value than historical cost. It finds that the available--for--sale financial assets" changes measured by fair value don't have significant value -- relevance ~ financial assets held for tracing's changes measured by fair value don't have significant correlation with the stock price too. Fair value information of financial instruments has significant value--relevance. Compared with previous years, after the implementation of the new accounting standard, the financial listed companies' accounting information has improved its interpretation capacity on stock price significantly.
出处
《统计与信息论坛》
CSSCI
2011年第7期78-84,共7页
Journal of Statistics and Information
基金
中央高校基本科研业务费专项资金资助项目<公允价值信息生产者和使用者行为研究>(NKZXB10093)