公允價值計價的會計信息相關(guān)性研究——來源于A股市場的經(jīng)驗證據(jù).pdf

1、河北大學(xué)碩士學(xué)位論文公允價值計價的會計信息相關(guān)性研究——來源于A股市場的經(jīng)驗證據(jù)姓名：劉穎杰申請學(xué)位級別：碩士專業(yè)：會計學(xué)指導(dǎo)教師：趙立三2011-06Abstract IIAbstract Conventionally， the information of fair value accounting is relevant to making decisions. But from 2008, the subprime mortga

2、ge crisis in the United States gave rise to reconsideration of the fair value accounting. During the debate caused by this crisis, the financial community deemed that the pro-cyclical effect of fair value enlarged the ma

3、rket risk, and its relevance was queried. Based on this background, this paper is intended to test in the China’s capital market, if the information provided by fair value accounting is relevant, and the strength of its

4、relevance. This paper references the foreign and domestic scholars’ research methods on accounting information relevance, using Ohlson Model evaluate whether the fair value accounting have a significant impact on stock

5、 price in capital market. Based on the model, this paper introduces the profit or loss and net assets influenced by changes of fair value, selecting the 2007-2009 Annual Report of the A-share market companies as the samp

6、le data. Through the correlation and regression analysis, we obtain the following conclusions: The accounting information provided by fair value accounting is relevant to the stock price, but empirical evidence from A-sh

7、are market shows, after the implementation of the new accounting standards, this relevance weakened year by year. This is mainly due to the introduction of fair value for a shorter period of time, and period for selectin

8、g samples is the subprime mortgage crisis happened in. Prudent investors made reasonable responses to market information. This study will help us understand the usage of fair value measurement attributes in China, and gu

9、ide investor behavior. This paper also tries to provide some suggestions to perfect the implementation of fair value accounting, having some theoretical and practical significance. Keywords Fair value Value relevance