高管特征对投资性房地产会计计量模式选择的影响

Impact of Top Managers' Characteristics on the Selection of Accounting Measurement Model of Investment Property

投资性房地产会计计量模式对企业财务信息质量有着重要影响,高管特征因素具有重要解释力.文中以沪深A股上市公司为样本,对2014年7月1日起39号准则实施后投资性房地产的计量属性、计量层次进行了研究.结果表明:39号准则的实施未能实质性推动更多企业采用公允价值计量模式,企业对公允价值计量仍持谨慎态度.在计量层次上主要使用的是第二、三层次的输入值,较少使用第一层次输入值.利用二元Logistic模型证实,投资性房地产计量模式受管理层个人特质因素的影响,而不一定是基于提供高质量会计信息的需要.本研究丰富了高管特征与会计政策选择的文献,为39号准则的实施效果提供了进一步证据,对准则制定机构、证券监管机构和投资者决策可提供借鉴.

The Accounting measurement model of investment property has a significant impact on the quality of financial reporting. Top managers＂ characteristics have the enormous explanatory power for it. With the A share listed companies as the samples, the paper discusses the accounting measurement attribute and hierarchy of investment property after the Chinese Accounting Standard 39（CAS39） came into effect on July 1st, 2014. The findings show that the implementation of CAS39 didn＇t motivate more companies to choose the Fair Value Model （FVM）. They were still cautious about using the Fair Value Model. As to the measurement hierarchy, the second and third level inputs were applied more often than the first level input. Furthermore, the results obtained by the binary logistic regression model show that the selection of the accounting measurement model of investment property is significantly influenced by top managers＂ characteristics, but is not necessarily based on the purpose of providing high quality accounting information, The research enriches the literature on top managers＂ characteristics and accounting policy choice , provides further evidence for the effect of CAS 39, and offers suggestions tothe accounting standard --making organizations, securities regulators and investors.