会计职业判断允当性、会计准则变迁与价值相关性

Propriety of Professional Accounting Judgment,Accounting Standards Transition and Value Relevance

会计职业判断为外部会计信息内部化提供了潜在动力,在厘清信息不对称问题、解除受托者的委托代理责任的利益均衡博弈中,会计职业判断的允当性发挥着不可替代的作用。研究结果表明,会计职业判断允当性表现出较强的市场反应,并能提高股票价格的价值相关性。进一步研究发现,2007年新企业会计准则实施后提高了会计职业判断允当性对股价(收益)的解释力度。新企业会计准则的实施提升了会计信息披露质量,有利于现实与潜在的投资者进行投资决策。

Accounting professional judgment provides a potential driving force for the internaliza- tion of external accounting information. In the interest balancing game of clarifying the problem of information asymmetry and relieving the principal-agent responsibility of consignees, the propriety of accounting professional judgment is playing an irreplaceable role. The results of the study show that the propriety of professional accounting judgment has shown a stronger market response, which can enhance the value relevance of stock prices. Further study shows that the implementation of Account- ing Standards for Business Enterprises since 2007 has improved the interpretation ability of the propri- ety of accounting professional judgment on share prices （proceeds）. The implementation of the new Accounting？Standards？for？Business？Enterprises has promoted the quality of accounting information dis- closure, which is conducive to the investment decision-making of the existing and potential investors.