摘要
公允价值计量是我国会计准则的核心内容,也是与国际会计准则趋同的一个重要标志,但其是否提高了会计信息的价值相关性,公司治理又如何影响其价值相关性,是我国会计改革与公司治理亟待研究的重要问题。本文以我国上市公司2007~2009年数据为样本,研究了公允价值的价值相关性以及公司治理对公允价值相关性的影响。研究结果表明,公允价值信息增强了会计信息的解释能力,提高了会计信息的价值相关性;公司治理对公允价值相关性具有显著的正向作用,并且相较于可供出售金融资产,其对交易性金融资产的作用效果更强,公司治理是提高公允价值相关性的一条可靠途径。
As the core content of China＇s accounting standards and an important sign of China＇s accounting standards converging with IFRS,whether fair value measurement raises the value relevance of financial information,and how corporate governance affects the value relevance,are the important issues of China＇s accounting reform and corporate governance to be studied.This paper provides evidence on the value relevance of fair value and the impact of corporate governance by using a large sample drawn from listed companies in China spanning from 2007 to 2009.The result reveals that the adoption of fair value measurement has improved the value relevance of financial information,and corporate governance has a significant positive effect on the fair value relevance,besides the effect of corporate governance to the transaction monetary assets is greater than it to the financial assets available for sale respectively.This evidence indicates that corporate governance is a reliable way to improving the value relevance of fair value.
出处
《工业技术经济》
CSSCI
北大核心
2012年第10期121-130,共10页
Journal of Industrial Technological Economics
基金
教育部人文社会科学基金"公允价值计量的经济后果与监管研究"(项目编号:10YJA790069)
国家社会科学基金"基于价值创造的上市公司业绩评价理论与模型研究"(项目编号:07BJY028)
中央高校基本科研业务费专项资金资助(项目编号:2012DXS02)
关键词
公允价值
价值相关性
公司治理
fair value
value relevance
corporate governance
