计量观、准则质量与信息有用性:公允价值论争之解释

Measurement Perspective,Standards Quality and Information Usefulness: An Interpretation of Fair Value Controversy

在后金融危机时代,作为面向21世纪以提高会计准则质量的重要举措,公允价值会计却被视为引发危机的"始作俑者",成为近两年来学术界讨论的热点话题。为此,文基于信息有用性的讨论提出一个解释性框架,认为当前文献对公允价值会计的责难可能有失偏颇,忽视了契约导向研究,公允价值计量对会计信息有用性的影响在决策和契约两个层面存在替代效应,且与市场治理环境和上市公司内控制度的完备程度密切相关,从而为未来研究及准则制定提供启发和建议。

In post-financial Crisis eta, as an important mechanism to improve the quality of accounting standards at the beginning of 21th century, fair value accounting, however, is deemed as the originator to trigger financial crisis and becomes the hot topic in academic discussion recently.Thus, this paper proposes an interpretation framework in the view of usefulness of accounting information, and suggests that the criticism of fair value accounting in cur,＇ent literatures is maybe biased and short of contract-oriented research.The role of fair value measurement in usefulness of accounting informatinn, which exist trade-off between decision-making and contract, is significant related to market guvernance environment and the effectiveness of listed firm＇ s internal eontrol system.The resuhs couhl provide directions and suggestions for future resea,＇ch and standards setting.