摘要
对2001～2006年旧资产减值会计制度实施期间的相关数据进行检验,本文发现长期资产减值准备所产生的应计盈余明显地降低了会计盈余的质量。按长期资产减值准备的应计盈余所构建的逆向套利组合能获得显著的超额报酬率,长期资产减值准备的应计盈余与超额回报负相关,说明市场不能识别长期资产减值准备对会计盈余质量的影响。本文的结论支持新会计准则禁止长期资产减值准备转回的规定。
By making empirical analysis on the financial data of listed companies in China from 2001 to 2006, we find that the impairment allowance for non-current assets obviously decreases the quality of accounting earnings. Investment portfolio based on accrual earnings created by impairment allowance for non-current assets can obtain abnormal return. There is a negative correlation between accrual earnings created by impairment allowance and the abnormal return. It is concluded that market can＇ t ＂see through＂ the influence impairment allowance for non-current assets having on quality of earnings. This supports the regulation of new Chinese Accounting Standard that it forbids the reversion of impairment allowance for non-current assets.
出处
《证券市场导报》
CSSCI
北大核心
2010年第2期56-60,73,共6页
Securities Market Herald
基金
国家社会科学基金项目(批准号:08BJY012)
湖南财政与会计研究基地重点课题(批准号:08XCKY04)
湖南大学SIT重点项目(批准号:08200103)
关键词
长期资产减值
盈余质量
新会计准则
公司财务
Impairment of long-term assets, earnings quality, new accounting standards, corporate finance
