摘要
2006年,我国财政部颁布了新的会计准则。本文以2005—2008年同时在A股和H股上市的企业为样本,对新会计准则对上市公司价值相关性的影响进行了实证研究。研究发现:新会计准则实施后,会计盈余、净资产及经营活动现金流量等会计信息整体上的价值相关性相较于执行前未有显著提高,但经营活动现金流量的价值相关性相较于实施前得到提高,且经营活动现金流量在会计盈余基础上能向投资者传递增量信息。
In 2006,the new accounting standard is issued by Chinese Ministry of Finance.Taking both the A and H shares of the listed companies in 2005-2008 as a sample,this paper investigates the influence of new accounting standards on value relevance of the listed companies through an empirical approach.The research results show that the overall value relevance of accounting information is not substantially improved after the adoption of new standards;however,the value relevance of cash flows in business activities is promoted.Besides,the cash flows of the business activities can pass incremental information to the investors based on the accounting surplus.
出处
《技术经济》
2010年第4期96-99,113,共5页
Journal of Technology Economics
关键词
新会计准则
价值相关性
现金流量
增量信息
new accounting standard
value relevance
cash flow
incremental information
