摘要
2017年,财政部对金融工具相关会计准则进行了全面修订,这一举措显著提高了金融资产信息披露的质量。本研究选取2010至2019年间的交叉上市企业为样本,通过实证分析发现,金融资产信息披露质量的提升对企业社会责任产生了显著的正向影响。从外部效应角度来看,高质量的金融资产信息质量能够缓解信息不对称问题,提高市场信息效率,使得投资者和其他利益相关者能够更准确地评估企业的财务状况和运营表现,进而促使企业更加重视其社会责任的履行。在内部资源调整方面,新会计准则限制了金融资产损益的当期确认,削弱了管理层通过交易金融资产操纵利润、追求短期业绩指标的动机,从而引导资源从高风险金融投资转向企业社会责任项目。本文的研究结果从金融资产的角度进一步验证了信息披露在促进企业与市场可持续高质量发展中所起的关键作用。
In 2017,China’s Ministry of Finance conducted a comprehensive revision of the accounting standards related to financial instruments,significantly improving the quality of financial asset information disclosure.This study selects cross-listed firms from 2010 to 2019 as the sample and empirically finds that enhanced financial asset disclosure quality significantly impacts on corporate social responsibility(CSR).From an external perspective,high-quality financial asset information alleviates information asymmetry and improves market information efficiency.This enables investors and other stakeholders to more accurately assess a company’s financial condition and operational performance,thereby encouraging firms to place greater emphasis on fulfilling their social responsibilities.Regarding internal resource reallocation,the new accounting standards restrict the current recognition of gains and losses on financial assets,reducing management’s incentive to manipulate profits through trading financial asset in pursuit of short-term performance metrics.Consequently,this shifts in focus redirects resources from high-risk financial investments to CSR initiatives.The study’s findings reaffirm the critical role of information disclosure in fostering sustainable and high-quality development of firms and markets from the perspective of financial assets.
出处
《会计研究》
CSSCI
北大核心
2024年第7期131-145,共15页
Accounting Research
关键词
新金融工具会计准则
信息披露
企业社会责任
会计寻租
资源配置
New Financial Instrument Accounting Standards
Information Disclosure
Corporate Social Responsibility
Accounting Rent-Seeking
Resource Allocation
