上市公司公允价值层次信息的价值相关性分析——基于CAS39号准则实施后的经验证据  

Research on the Value Relevance of Fair Value Hierarchy Information of Listed Companies:the Empirical Evidence based on the Implementation of CAS No.3

作　　者：李庆玲[1] 

机构地区：[1]湖北民族学院经济与管理学院

出　　处：《财会通讯（上）》2016年第8期30-34,共5页Communication of Finance and Accounting

摘　　要：本文以2014-2015年执行CAS39号准则披露公允价值层次信息的A股上市公司为样本,研究我国上市公司公允价值层次信息的价值相关性。实证研究发现:公允价值信息分层次披露可以较好地解决公允价值计量可靠性不足的问题,公允价值层次信息整体上具有价值相关性,能够被投资者关注并予以信赖。本文的研究结论为CAS39号准则颁布及其实施的有效性提供了经验证据,正面肯定当下我国资本市场运用公允价值层次计量的相关性和可靠性。Using a sample of A-share Listed Companies that disclosed fair value hierarchy information under CAS No.39 from2014 to 2015,this paper studies the value relevance of fair value hierarchy information.We find that the disclosure of fair value hierarchy information can well solve the problem of shortage of the reliability of fair value measurements,and fair value hierarchy information has value relevance on the whole and can be concerned and trust by investors.Our results provide empirical evidence on the effectiveness of the promulgation and implementation of the CAS No.39,and positively affirm the relevance and reliability of fair value measurements in China's capital market.

关 键 词：CAS39 公允价值 层次信息 价值相关性 

分 类 号：F275[经济管理—企业管理] F832.51[经济管理—国民经济]