会计盈余和净资产价值相关性分析  

A Value-relevance Analysis of Accounting Earnings and Net Assets

作　　者：叶红霞[1] 祁怀锦[1] 

机构地区：[1]中央财经大学会计学院,北京100081

出　　处：《河北大学学报（哲学社会科学版）》2013年第2期49-52,共4页Journal of Hebei University(Philosophy and Social Science)

摘　　要：基于Ohlson模型,采用2004-2009年的上市公司财务数据检验了新会计准则对会计信息价值相关性的影响程度。研究发现,新会计准则实施之后,以会计盈余和净资产为代表的汇总信息在权益估值中发挥了更大的作用,但是会计盈余和账面净资产在权益估值的作用不具有稳定性和持续性。会计盈余和净资产在权益估值中的作用还依赖于资本市场的整体宏观环境。当资本市场繁荣时,权益估值更依赖于会计盈余信息;当资本市场冷清时,权益估值更依赖于净资产信息。The improvement of the value-relevance of accounting information is studied based on sample data from listed companies in stock market from 2004-2009 under new accounting standards,in the view of Ohlson model.Research results show that after the implementation of the new accounting standards,accounting earnings and net assets represented by the summary information play a greater role in equity valuation,but accounting earnings and net assets in the equity valuation of the role don’t have the stability and continuity.Accounting earnings and net assets in equity valuation depend on the overall macroeconomic environment in the capital markets.The equity valuation is more dependent on accounting earnings information during the prosperity of capital market;equity valuation is more dependent on net assets information during the depression of capital market.

关 键 词：会计准则 会计信息 权益估值 

分 类 号：F234.3[经济管理—会计学]