公允价值选择权运用的盈余波动效应实证研究  

An Empirical Research of Earnings Volatility Effect on the Application of Fair Value Option

作　　者：邓永勤[1] 裴丽丽[1] 

机构地区：[1]湖南大学工商管理学院

出　　处：《财务与金融》2016年第2期52-60,共9页Accounting and Finance

基　　金：国家社会科学基金资助项目(15BGL061);湖南省自然科学基金资助项目(12jj5030);湖南省社会科学基金(12YBA058)的资助

摘　　要：文章以2008-2014年中国上市商业银行数据为样本,研究公允价值选择权的运用与盈余波动的关系,发现运用公允价值选择权整体上使盈余波动显著增加,违背了会计准则的制定初衷;仅运用于金融资产与同时运用于金融资产和负债的盈余波动增加没有显著差异。不同信息环境下公允价值选择权运用的盈余波动效应的进一步研究表明,信息披露质量较高的上市商业银行盈余波动显著增加,而信息披露质量较低的上市商业银行盈余波动增加并不显著;信息披露质量低,且同时对金融资产资产和负债运用公允价值选择权的银行表现为最低的盈余波动性。文章结论支持修订的CAS37,认为对CAS22与IFRS9持续趋同应相当谨慎。Based on the data from 2008 to 2014 of China＇s listed commercial banks as sample, this paper explores the re- lationship between the fair value option with earnings volatility. It is found that the fair value option applied would lead to a significant increase in earnings volatility on the whole and which has violated the accounting initial standards, while the sole application of the financial assets and the combined application of financial assets and liabilities see no great difference in the increase of earnings volatility. A further study of the earnings volatility effect of fair value option under different information environment demonstrates that the listed commercial banks with a high quality of information disclosure, rather than those with lower quality information disclosure, can see a significant increase in earnings volatility. In addition, the listed commercial banks with low quality of information disclosure and application of fair value option in financial assets and liabilities enjoy the lowest earnings volatility. This paper supports the revised CAS37 and concludes that it should be very prudent to the continu- ous convergence of CAS22 and IFRS9.

关 键 词：公允价值选择权 盈余波动 信息披露质量 

分 类 号：F230[经济管理—会计学]