金融资产公允价值计量与盈余管理关系研究——基于2007-2010年上市公司的经验证据

Financial Assets' Fair Value Measurement and Earnings Management——An Empirical Analysis Based on 2007-2010 A-share companies

本文以2007-2010年年报中有金融资产公允价值变动的上市公司为样本,检验了金融资产已实现收益与上市公司盈余管理关系。研究发现,上市公司均通过出售时机的选择对交易性金融资产和可供出售金融资产已实现收益进行了盈余管理,但是相对于交易性金融资产,管理者更倾向于通过可供出售金融资产进行盈余管理。基于上述研究结果,建议两类资产的公允价值变动均确认为当期损益,并对其进行及时、透明的表外信息披露。

This paper has taken the companies which have the changes in fair value in 2007-1010 years＇ annual report as a sample, and tests the relationship between investment income of financial assets and earnings management. It shows that： The listed companies use the time of selling investment income to conduct earnings management. But relative to the tradable financial assets, managers prefer to use the available for sale financial assets for earnings management. Based on the above research results, it is recommended that the two types of assets are identified as the fair value of the changes in the current profits and losses, timely and transparent table outside information disclosure.