内部控制缺陷对会计信息价值相关性的影响——针对中国股票市场的经验研究  

The Effect of Internal Control Deficiencies on the Value Relevance of Accounting Information——an empirical study about Chinese security market

作　　者：田高良[1] 齐保垒[1] 程瑶[1] 

机构地区：[1]西安交通大学管理学院,陕西西安710049

出　　处：《西安交通大学学报（社会科学版）》2011年第3期27-31,共5页Journal of Xi'an Jiaotong University：Social Sciences

基　　金：国家自然科学基金项目(70772110);教育部人文社科基金项目(08JA630068);国家软科学计划项目(2010GXS5D262)

摘　　要：以2007-2008年中国A股上市公司为研究对象,以净利润和账面价值与股票价格之间的关系定义价值相关性,研究了财务报告内部控制缺陷对会计信息价值相关性的影响。研究发现,当公司存在财务报告内部控制缺陷时,其净利润的价值相关性下降,投资者在确定股票价格时会更多的参考账面价值,同时,其净利润和账面价值对股票价格的总体解释能力下降。The paper studies the effect of internal control deficiencies on value relevance of accounting information based on the sample of China′s A-shares listed companies between 2007 and 2008 by taking the relation between stock price and net income and book value as the measure of value relevance.It is found from the research results that when internal control deficiencies of the company are present in the financial report,the value relevance of its net profit declines and the investors refer more to the book value when determining the stock price.At the same time,the overall ability for its net profit and book value to explain the stock price decreases.

关 键 词：内部控制缺陷 价值相关性 财务报告 会计信息 

分 类 号：F275[经济管理—企业管理]