公允价值计量与会计信息的可靠性——基于我国上市公司的实证检验

The fair value measurement and the reliability of accounting information: based on the empirical test of listed companies in China

公允价值是备受关注的一个计量属性。采用公允价值,一方面有助于会计信息的价值相关性的提高,另一方面也可能成为上市公司盈余管理或操纵的工具,从而使得会计信息的可靠性降低。以我国2006年会计准则重新引入公允价值计量属性为研究背景,从会计盈余质量的研究视角,考察了公允价值计量是否对会计信息可靠性产生影响,以此来评价新会计准则的实施效果。研究发现,基于使用修正的DD模型计算得出的2002—2012年间的我国上市公司的盈余质量,11年间我国上市公司会计信息的可靠性并未发生显著变化。即在2006年准则修订后重新引入公允价值计量属性,并没有对我国企业会计信息的可靠性产生显著影响。

Fair value is a controversial accounting measurement attribute. The use of fair value is helpful to improve the value relevance of accounting information, but it also could be the tool of earnings management, thus undermi- ning the reliability of accounting information. On the background of re-introducing the fair value measurement into new accounting standards of China, this paper examines the implication of the fair value measurements on the reliability of accounting information from the perspective of accounting earnings quality in order to evaluate the imple- menting consequences of the new accounting standards. The study found that based on earnings quality of China＇s listed companies from 2002 to 2012, which is calculated by using the modified model of DD, the reliability of accounting information of listed companies in China has not changed significantly, that is the re-introduction of fair value in 2006 do not significantly reduce the reliability of corporate accounting information.