财务报表格式调整、凸显效应与会计信息质量改善——基于2007年资产减值会计准则变更的证据

Format Adjustment of Financial Statement, Salience Effect and Accounting Information Quality Improvement——Evidence from Accounting Standard Change of Assets Impairment in 2007

提高会计信息质量是提升上市公司整体质量的重要环节。本文基于有限注意力和凸显效应的视角,首次检验了财务报表披露格式调整对会计信息质量的改善作用。研究发现,在财务报表格式做出调整后,上市公司计提的资产减值损失对未来现金流量的预测能力显著上升,资产减值损失的持续性也明显提高。分组检验显示,上述发现还受到来自分析师和审计师的监督作用强弱的影响。以上结果表明财务报表格式的调整改变了报表使用者对报表项目的关注程度,使得管理者在收集、处理相关信息时付出了额外的努力,这提升了企业资产减值损失计提的准确性,进一步改善了会计信息质量。

To promote the accounting information quality matters to the overall quality improvement of the listed firms.Based on the limited attention and salience effect theory, we investigated the adjusting role of financial statement on the accounting information quality.Empirical results show that, following the presentation format adjustment applied to the impairment loss, it predicts future cash flows more accurately and presents strong persistence.The above findings are also affected by the external monitoring from analysts and auditors.Our paper demonstrates the format adjustment of financial statement may attract users’ attention, which successfully motivates managers to collect and process relevant information more.Thus, the impairment loss accuracy and accounting information quality are finally improved.