“投资收益”的披露形式变更影响会计稳健性吗?——基于中国A股上市公司的面板数据分析

Does the Change in the Presentation of Investment Income Affect Accounting Conservatism?——Based on the Panel Data Analysis of China A Share Listed Companies

会计准则变更的最终目的是为了达到会计稳健性与价值相关性的平衡。本文基于2007年新会计准则的实施背景,以2002 -2017年深沪两市A股上市公司作为研究样本,采用静态面板模型,研究利润表中"投资收益”的列报变更与会计稳健性的关系。结果表明:新会计准则实施后,短期内“投资收益”对会计稳健性存在负面影响,且盈余管理充当着中介作用;长期内随着会计准则的修订与完善,投资收益明细对会计稳健性存在能够抗衡的“跷跷板”效应,盈余管理的中介作用消失,会计稳健性逐渐回归。“投资收益”的列报位置与内容的变动既体现了会计信息决策有用性原则,长期内又达到了维持会计稳健性的效果。

The ultimate goal of the reform of accounting standards is to achieve a balance between accounting conservatism and value dependence of accounting information. Under the background of the new corporate accounting standards, which carried out in 2007, this paper is aimed to study how the changes of investment income affect the accounting conservatism from 2002 to 2017 by using panel data model. The results show that the investment income has a negative impact on the accounting conservatism in the short term, and the earnings management acts as an intermediary. In the long run, with the revision and improvement of the accounting standards, there is a see-saw effect in the impact of investment income on accounting conservatism. With the mediating role of earnings management disappearing, the accounting conservatism gradually returns. Change in the presentation of investment in come and the refinement of its accounting content not only embody the applicability principle of accounting information, but also improve accounting conservatism in the long term.