其他综合收益与非经常性损益价值相关性的比较研究

A Comparative Study on the Value Relevance of Other Comprehensive Incomes and Non-recurring Items

选择2009年~2013年沪深两市主板A股上市的公司为样本,实证检验在我国会计制度和资本市场环境下,其他综合收益和非经常性损益的价值相关性。研究结果显示：非经常性损益比其他综合收益更具有价值相关性,上市公司如果发生重大其他综合收益或重大非经常性损益,会降低经常性损益的价值相关性。研究结论支持了我国会计准则的国际趋同和利润表改革的有效性,对于提升财务报告质量和会计信息的决策有用性具有一定的借鉴意义。

This paper selects the A-share listed companies in Shanghai and Shenzhen stock exchanges from 2009 to 2013 as research samples. It empirically compares OCI and NRI gains and losses by using the models that estimate their value relevance in the accounting system and capital market environment of China.Results show that both NRI and OCI gains and losses are value relevant,and meanwhile,NRI gains and losses have stronger value relevance than OCI. However,the value relevance of core incomes will be weakened if the listed companies have occurred great OCI or NRI. The conclusion of the study supports the convergence of international accounting standards and the effectiveness of income statement reform.