会计信息估值作用与激励作用相互关系研究——基于模型的视角  

Correlation between Valuation Role and Incentive Role of Accounting Information——Discussion based on Analytical Model

作　　者：许静静[1] 吕长江[2] 

机构地区：[1]华东师范大学商学院,200240 [2]复旦大学管理学院,200433

出　　处：《会计研究》2013年第5期11-18,95,共8页Accounting Research

基　　金：教育部人文社科研究青年基金项目(13YJC630193);复旦大学金融研究中心的资助

摘　　要：本文在现有文献基础上,引入更一般的高管风险厌恶及拥有私人信息前提假设,以解析模型的视角研究了会计信息估值作用及激励作用之间是否存在某种关系。模型结果表明,在引入风险厌恶及私有信息假设之后,会计信息的估值作用及激励作用之间存在正向关系。本文的研究建立了会计信息两大作用之间相互关系研究的更一般性模型,为以往的实证研究结果提供了支持,同时也是对资本市场中会计信息作用相关研究的重要补充。Based on extant literature,this paper analytically discusses whether or not there's a correlation between valuation role and incentive role of accounting information by introducing two assumptions: manager is risk - averse and manager has private information. The result shows that these two roles of accounting information are positively correlated when the model based on risk-averse and private information assumptions. Our paper builds a general model to study the correlation between two roles of accounting information and supports the findings of relevant empirical studies in this field. Meanwhile,this paper also complements the studies about accounting information roles.

关 键 词：会计信息 估值作用 激励作用 相互关系 模型 

分 类 号：F272.92[经济管理—企业管理]