摘要
文章以2007年新准则实施为背景,结合奥森模型和投资机会集研究新准则实施前后会计信息投资决策有用性的变化,分析新准则实施前后投资者对成长性不同的上市公司投资决策的影响。研究表明:由于新准则刚刚实行,会计信息的投资决策有用性还未有体现;新准则实施后,会计盈余的价值相关性增强;投资者对高成长的上市公司更多的关注其盈利水平。
From Jan. 1st 2007 all listed companies prepared their financial statements in accordance with new accounting system which Ministry of Finance promulgated on Feb. 15 2006. In order to examine whether the usefulness of accounting information has increased, the authors develop ohlson model of valuation function not only to test the usefulness of accounting information, but also check the value relevance of different IOS＇ group of listed companies where IOS is on behalf of companies＇ growth. The empirical results indicate： usefulness of accounting information has not been enhanced obviously after the implement of new accounting systems, but earnings per shares＇ influence especially for high- growth companies on investor have increased.
出处
《山西财经大学学报》
CSSCI
北大核心
2009年第2期119-124,共6页
Journal of Shanxi University of Finance and Economics
基金
安徽省教育厅基地重点项目(2008sk008zdu)
关键词
新会计准则
投资机会集
价值相关性
new accounting criteria
investment opportunity set
value relevance
