公允价值计量及其监管的市场反应研究

The Market Reaction on Fair Value Measurement and Monitoring

本文以2008～2009年度A股上市公司为样本,研究公允价值计量及对其监管的作用,研究发现以公允价值计量的资产具有增量的价值相关性,并且高质量的审计有助于加强其相关性,而且资本市场对由不同活跃程度的市场产生的公允价值反应不同,且差异具有显著性。本文的研究结果表明我们应继续采用公允价值计量,并关注审计等对公允价值计量的监控。

In this article, we research fair value t and its monitor by 2008 - 2009 list corporations. We find that the assets of fair value are relevance, and high quality audit helps to its relevance. The capital market activity by different levels of the fair value markets react differently, and the difference was significant. The study results show that we should con- tinue to use the fair value measurement and concerned about the auditing monitor of fair value measurement.