摘要
本文以我国转型经济环境下公司资产置换及其所适用计量属性规范的多次修订为研究对象,检验证明与2000年-2005年中报期相比较,2006年-2007年中报期的公司资产置换财务绩效具有显著差异性,利用关联方资产置换改善公司盈利水平的动机得到一定缓解。同时,2001年限制公允价值计量属性运用的《非货币性交易》修订版准则实施显著提升了资产置换绩效持续性。2007年重新引入公允价值计量属性的《非货币性资产交换》准则实施则显著提高了公司资产置换价值相关性。研究结果表明,资产置换行为变化及其计量属性运用时机、效果与制度环境变迁和利益集团博弈动机变化密切相关。
Based on several revisions of Corporate Asset Exchange and applicable measurement attribute criterion in China's transitional economy,this paper proves that the changes of financial performance for corporate Asset Exchange(AE)in 2006—2007 Interim Financial Reporting(EFR)have substantial difference,compared with the EFR in 2000—2005.The motivation to manipulate profit using related-party AE has been eased,its profitability and asset management after AE has been improved.The adoption of the revised accounting standard 2001 restricted the short-term profit manipulation and increased performance sustainability.The implementation of the new accounting standard in 2007 improved the value relevance of AE.The result reveals that the changes of AE behavior,the adopting time and implementation effect of AE fair value measurement attribute are highly relevant with the institutional background and stakeholders' motivation.
出处
《会计研究》
CSSCI
北大核心
2009年第5期38-45,共8页
Accounting Research
基金
教育部人文社会科学重点研究基地重大项目(批准号:08JJD630010)
国家自然科学基金资助项目(批准号:70572091)的阶段性成果
