摘要
会计信息价值相关性是衡量会计市场化程度的重要指标,虽然我国资本市场仅有20多年的发展历程,但是在这期间我国从未间断过会计相关制度的改革,如此高频率的外部环境变化会对会计信息价值相关性产生怎样的影响?改革是否达到了政策制定者的预期?以我国证券市场1991—2012年的数据对此进行研究,结果表明,在此期间,整体来说我国会计信息价值相关性呈现逐渐增加的趋势;会计改革和股权分置改革是我国会计信息价值相关性逐步提高的重要决定因素,改革基本符合政策制定者的预期。
Although our capital market started only 20 years ago, there are constant reforms of the accounting system. How the frequent change of the external environment has made an impact on the value relevance of accounting information and whether such reforms have met policymakers＇ expectations are the focus of this paper. By analyzing the data of listed companies in China from 1991 to 2012, it is found out that the value relevance of accounting information is gradually increasing. Moreover, the reforms of the accounting system and non-tradable shares are two important determinants for the gradual increase of value relevance. The reforms have met polieymakers＇ expectations.
出处
《安徽大学学报（哲学社会科学版）》
CSSCI
北大核心
2015年第2期144-150,共7页
Journal of Anhui University(Philosophy and Social Sciences Edition)
基金
国家自然科学基金(71273013
70802003
71132004)
教育部人文社会科学研究规划基金(12YJA630186)
关键词
价值相关性
会计信息
会计制度
股权分置
上市公司
value relevance
accounting information
accounting system
non-tradable shares
listed company
