价值相关性和盈余管理在证券投资收益的研究
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摘要
随着我国社会的不断发展,我国的经济市场日益渐大。证券市场也在日益发展,同时上市公司的数量也在不断增加,我国的经济质量水平也得到了相当大的提升。在这个证券市场不断发展的背景下,证券投资收益便成为了上市公司收益的重要来源之一。而在新会计准则下,上市企业证券投资收益以及价值相关性发生了巨大的改变,并根据它们的不同用途来评估他们的作用。国内的金融市场随着社会的进步不断完善,已经有越来越多的企业将其闲置的资金投入于证券市场,因此,证券投资已经在各大企业当中成为不可忽视的一部分。运用价值相关性与盈余管理的相关信息向公司提供证券投资决策提供有效依据,将成为众多学者研究的重要课题之一。本文便针对于在证券市场的投资收益的盈余管理和价值相关性的一系列的相关研究。
With the continuous development of our society, China's economic market is growing. The securities market is also developing day by day, at the same time, the number of listed companies is also increasing. The level of economic quality of our country has also been greatly improved.Under the background of the continuous development of the securities market, securities investment income has become one of the important sources of earnings of listed companies. Under the new accounting standards, the return and value relevance of listed companies' securities investment have changed dramatically, and their roles are evaluated according to their different uses. With the continuous improvement of the domestic financial market, more and more enterprises have invested their idle funds in the securities market, therefore, securities investment has become an indispensable part of the major enterprises. It will become one of the important topics for many scholars to provide effective basis for securities investment decision-making by using relevant information of value relevance and earnings management. This paper focuses on earnings management and value relevance of investment returns in the securities market.
With the continuous development of our society, China's economic market is growing. The securities market is also developing day by day, at the same time, the number of listed companies is also increasing. The level of economic quality of our country has also been greatly improved.Under the background of the continuous development of the securities market, securities investment income has become one of the important sources of earnings of listed companies. Under the new accounting standards, the return and value relevance of listed companies' securities investment have changed dramatically, and their roles are evaluated according to their different uses. With the continuous improvement of the domestic financial market, more and more enterprises have invested their idle funds in the securities market, therefore, securities investment has become an indispensable part of the major enterprises. It will become one of the important topics for many scholars to provide effective basis for securities investment decision-making by using relevant information of value relevance and earnings management. This paper focuses on earnings management and value relevance of investment returns in the securities market.
引文
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[2]王建玲,刘仑,张学良.公允价值计量能提高公司会计盈余信息的价值相关性吗-来自金融保险、建筑及房地产上市公司的证据[J].当代经济科学,2008(6):91-94.
[3]欧阳爱平,刘仑,李晓华.我国综合收益的价值相关性分析——基于沪市A股的数据检验[J].北京工商大学学报:社会科学版,2010(6):79-82.