巨额冲销与信号发送——中美典型案例比较研究  

Big-bath Charges and Its Information Signaling——Comparative Study on Sino-U.S. Typical Cases

作　　者：黄世忠[1] 

机构地区：[1]厦门大学管理学院会计系/会计发展研究中心,361005

出　　处：《会计研究》2002年第8期10-21,共12页Accounting Research

基　　金：教育部人文社会科学重点基地 2 0 0 1年度重大研究项目"证券市场舞弊审计技术方法及规范研究"的阶段性成果;批准文号为 0 1JAZJD6 30 0 0 4

摘　　要：根据信号发送理论 ,上市公司报告巨额亏损 ,往往意味着其高管人员向证券市场传输了这样的一种信息 :上市公司以前年度虚增了利润并由此高估了资产或低估了负债。为了释放风险 ,高管人员不惜诉诸于巨额冲销。本文以信号发送为理论基础 ,通过深入剖析美国在线时代华纳、世界通信公司以及我国 3个上市公司的巨额冲销案例 ,探讨巨额冲销的诱因和秘笈 ,并从注册会计师和监管部门的角度 ,论述巨额冲销所蕴涵的信号发送含义。According to the theory of information signaling,big-bath charges frequently indicate that the management of listed company attempts to convey to the securities market such information:profits in the prior years have been overstated,resulting in overstatement of assets or understatement of liabilities.In order to release the associated risks,management of listed company has to rely upon big-bath charges.Based on the information signaling theory,this paper probes into big-bath charges undertaken by AOL Time Warner Inc,WorldCom.Inc,as well as three Chinese listed companies, analyzing the circumstances for big-bath charges and the mechanism through which big-bath charges can fool securities market.This paper concludes with a brief discussion of the implications of information signaled from the big-bath charges for CPAs and securities regulatory agencies.

关 键 词：巨额冲销 信号发送 无形资产减值准备 坏账准备 上市公司 会计信息 

分 类 号：F275[经济管理—企业管理]