摘要
会计信息质量的提高与证券资本市场的资源配置效率息息相关,而会计准则的变迁将会对一国的经济利益及国际投融资环境产生巨大影响。目前我国对会计准则不断修订,力图通过实现国际趋同提高会计信息质量,市场资源配置效率同时也得到提高。基于新准则实施前2006年及2011年证券市场的资源配置效率及会计信息的对比实证分析发现:新会计准则实施后我国上市公司进行股权再融资所募集资金量及融资成本与会计信息的相关性明显增强,在新会计准则下我国资本市场资源配置效率更高。持续优化和完善会计准则进而提供高质量的会计信息,将成为政府和有关部门提高证券市场资源配置效率的有效途径。
The improvement of accounting information quality is closely related to the resource allocation ef- ficiency of securities and capital market, while the changes of accounting standards will exert enormous in- fluences on one country＇ economic interests and international investment and financing environment. The sustained international convergence of China Accounting Standards （CAS） strives to improve the resource allocation efficiency of capital market through enhancing accounting information quality. The comparative empirical analysis based on the resource allocation efficiency of securities market between 2006 （the year before the implementation of CAS） and 2011 show that： Through share allotment and additional share is- suing, the amounts of funds per share raised by listed companies and the equity refinancing cost had more significant correlation with accounting surplus information in 2011. The resource allocation of our country capital market is more efficient under new accounting standards. Government and relevant departments should further optimize the accounting standards for enterprises, improve the quality of accounting infor- mation and the resource allocation efficiency of capital market.
出处
《西安财经学院学报》
CSSCI
2013年第6期53-59,共7页
Journal of Xi’an University of Finance & Economics
关键词
会计信息质量
资源配置效率
会计准则国际趋同
accounting information quality
resource allocation efficiency
international convergence of ac-counting standards
