投资性房地产公允价值计量对股价影响的实证研究  

The Empirical Study of the Impact of Investment Real Estate Fair Value on Stock Price

作　　者：张莲[1] ZHANG Lian(Finance and Economics Department, Huaibei Vocational and Techinal College ,Huaibei 235000, Chin)

机构地区：[1]淮北职业技术学院财经系,安徽淮北235000

出　　处：《成都工业学院学报》2017年第3期63-67,71,共6页Journal of Chengdu Technological University

基　　金：2014年度省级质量工程项目特色专业"财务管理"(2014tszy048);2016年度安徽省高校人文社会科学研究重点科研课题(sk2016A083);2017年度淮北职业技术学院院级课题(2017-B-20)

摘　　要：以我国沪深两市2007—2015年期间采用公允价值模式来计量投资性房地产的上市公司为研究对象,利用Stata12.0软件对搜集到的样本数据进行描述统计、回归检验等,实证检验投资性房地产公允价值计量模式的价值相关性问题。结果表明,公允价值计量的投资性房地产以及公允价值变动损益具有显著的增量价值相关性;与金融危机前相比,金融危机后公允价值计量的投资性房地产以及公允价值变动损益的价值相关性更强;与其他行业相比,采矿业、制造业、房地产业以及批发零售业四类行业公允价值计量的投资性房地产以及公允价值变动损益的价值相关性更强。With China＇s Shanghai and Shenzhen two city from 2007 to 2015 patterns measured at the fair value of an investment real estate listed companies as the research object, the collected sample data description statistics, regression test was carded out using Statal2.0 software, the value of the investment real estate fair value measurement model of the empirical testing correlation problems were solved. The results showed that the fair value of an investment real estate as well as the changes in fair value gains and losses had significant incremental value relevance; Compared with the financial crisis, before the financial crisis after the fair value of an investment real estate and the value of the profit and loss on the changes in the fair value relevance was stronger; Compared with other industries, mining, manufacturing, real estate industry and wholesale and retail sectors was more stronger in the fair value measurement of investment real estate and value relevance of changes in fair value gains and losses.

关 键 词：投资性房地产 公允价值 股价 实证研究 

分 类 号：F234.4[经济管理—会计学]