公允价值对上市公司盈利能力的影响机制探讨

A Study on the Influence Mechanism of Fair Value of the Listed Company's Profitability

探讨公允价值对企业盈利能力的影响问题已经成为理论工作者密切关注的焦点。在对国内外研究现状归纳分析的基础上,本文系统地探讨了公允价值对上市公司盈利能力的影响因素和作用关系。研究表明:公允价值的价值相关性和可靠性是影响上市公司盈利能力的重要因素;公允价值变动对上市公司的盈利能力有显著影响,突出表现在对上市公司盈利预测能力、经营利润增长能力、股东权益保障能力和财务风险应对能力四个方面。

It has become the focus of economic theory researchers to discuss how fair value influences en- terprise＇s profitability. Based on the analysis of current researches,this paper systematically explored the in- fluencing factors of fair value on the listed company＇s profitability and their interactions. The result shows that the value relevance and reliability of fair value are important factors which can affect the profitability of the listed company. The fluctuation of fair value can have a significant impact on the profitability of the listed company,which is highlighted in the four aspects of a listed company：the profit forecast ability,the operating profit growth ability,the guarantee ability of shareholder＇s rights and interests and the controlling ability in financial risks.