公允价值分层计量、信息化水平与风险承担  

On Fair Value Stratified Measurement,Informatization Level and Enterprise Risk Taking

作　　者：刘翰林[1] 刘家琛 王泽霞[1] LIU Han-lin;LIU Jia-chen;WANG Ze-xia(School of Accounting,Hangzhou Dianzi University,Hangzhou Zhejiang 310018,China)

机构地区：[1]杭州电子科技大学会计学院,浙江杭州310018

出　　处：《杭州电子科技大学学报（社会科学版）》2021年第1期1-7,36,共8页Journal of Hangzhou Dianzi University：Social Sciences

基　　金：国家社会科学基金项目(18BJY109)。

摘　　要：文章以2013-2019年披露公允价值分层计量信息的中国金融业A股上市公司为样本,实证研究公允价值分层计量对金融业上市公司风险承担水平的影响、作用路径以及信息化水平对公允价值影响企业风险承担的调节作用。结果发现:公允价值分层计量资产与负债的价值越高,企业风险承担水平越高,且相关程度随着计量层次提高而提高;影响路径分析表明公允价值分层计量的资产/负债通过公允价值变动损益和应计盈余管理来影响风险承担水平,真实盈余管理没有中介效应;信息化水平起到了调节作用,弱化了公允价值分层计量的资产与负债对风险承担的正向影响,但是只对第三层次负债起到显著作用。Taking A-share listed company in China s financial industry that disclosed its fair value stratified measurement information from 2013 to 2019 as samples,this paper empirically studies the impact of fair value stratified measurement on the risk-taking level of listed companies in the financial industry,the acting path and the moderating effects of informatization level on the risk-taking level of enterprises affected by fair value.The results show that the higher the value of the assets and liabilities measured by the fair value stratification,the higher the level of the enterprise risk taking,and the correlation degree increases with the improvement of the measurement level;the influence path analysis shows that the assets/liabilities measured by the fair value stratification affect the level of risk taking through the fair value change profit and loss and accrued earnings management,and the real earnings management has no mediating effect.The informatization level plays a moderating effect and weakens the positive impact of assets and liabilities measured by fair value on risk-taking;however it only plays a significant role in the third level of liabilities.

关 键 词：信息化水平 公允价值 分层计量 企业风险承担 金融业 

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