金融资产类别选择的经济动因分析  

Economic motivations of the choice of financial assets classification

作　　者：徐先知[1] 刘斌[1] 曹倩倩[1] 

机构地区：[1]重庆大学经济与工商管理学院,重庆400030

出　　处：《证券市场导报》2010年第5期58-64,共7页Securities Market Herald

基　　金：国家自然科学基金项目"公允价值;行为异化与经济后果"(项目批准号:70972055)

摘　　要：本文以新会计准则下上市公司的金融资产为研究对象,以A股公司为研究样本,运用单变量检验、相关性检验和多变量Logistic回归方法,对企业金融资产分类选择的经济动因进行了实证研究。研究发现:企业规模越大、管理层持股、经营状况越好、金融资产重要程度越高,管理层越倾向于将金融资产分类为可供出售金融资产;在企业存在报酬契约时,管理层倾向于将金融资产分类为交易性金融资产;在控制了金融资产重要程度的影响之后,企业的资产负债率越高,管理层越倾向于将金融资产分类为可供出售金融资产。Taking financial assets of listed companies under the new accounting standards as research subjects, A-share companies as study samples, this paper carries out an empirical study on economic motivations of the choice of financial assets classification by using the method of univariate test, correlation test and multivariate logistic regression. The research finds that： the larger scale, managerial shareholding, the better operating conditions, the higher importance of financial assets, and the management will be more inclined to classify financial assets as available-for-sale financial assets; When the enterprise has compensation contract, the management will be inclined to classify financial assets as trading ~nancial assets; after controlling the impact of importance of financial assets, the higher asset-liability ratio, the management will be more inclined to classify financial assets as available-for-sale financial assets.

关 键 词：会计政策选择 金融资产 公允价值 经济动因 

分 类 号：F830.91[经济管理—金融学]