新会计准则对上市公司会计报表的影响

210093。。。F23[]A[]1007-9556201007-0110-08FinancialStatementEffectsofAdoptingNewAccountingStandardsConvergingwithInternationalPracticesYUXinDept.ofAccountingNanjingUniversityNanjing210093ChinaAbstractUtilizingcomparisonofaccountingnumberspreparedundertwoaccountingstandardsforthesameyearthispaperexaminesthefinancialstatementeffectsofadoptingnewaccountingstandardsthatconvergewithinternationalpracticesinChina.Thevaluerelevanceofbookvalueofequityandnetincomeissmallerundernewstandardsthanundertheoldones.Newstandardsreducepersistenceofnetincome.Theincrementalinformationanalysisfindsnoevidencethatnewstandardadjustmentshaveincrementalinformationcontents.Includingminorityshareholders'interestintobookvalueofequityandminorityinterestincomeintonetincomereducesvaluerelevanceofbookvalueofequityandnetincome.Theanalysisdoesnotfindevidencethatnewaccountingstandardsimprovetimelinessofaccountingincomebutfindsthatnewstandardsimproveconditionalconservatismofoperatingincome.KeyWordsIAS;newaccountingstandards;financialstatement2010-05-031979-、。20107327Jul.2010Vol.32No.7JoumalofShanxiFinanceandEconomicsUniversity、HungSubramanyam2007[1]。200711。2007711“‘’”·“。‘’。”、。ErnstandYoung2006328。StakeholderorientedShareholderoriented。。110··。。。HungSubramanyam2007[1]。Barth2008[2]211994~2003。、。。。。Ball2003[3]。EccherHealy2000[4]B。。。、2008[5]、。2008[6]200。。ErnstandYoung2005[7]。。2006。20062007200612312006。、。。。、、。。。。。。。。111··、CSMAR2006A1399。7930200612901。。＝＋＋。＝＋=+。。。“”“”＝－－。“”＝－。。。2、、。0.001。、0.05。。120061399792006301290P443113130445915774931604461893.62%0.000242998787225379259201079380484.44%0.00018081008071852437337443365302.45%0.0002458160502709735022515745210.23%0.00027273683628183773591008993.34%0.00918625962319076476245051392.42%0.0491764120396183942974774971470.42%0.000856988382901590993763150.01%0.00073813015475198829241577200.56%0.000446009585632691011952012.68%0.0005703365261349640792920.14%0.00040258464408966506638771.65%0.00021tpairedttestsignedranktestp23。、、。。。HungSubramanyam2007[1]112··Barth2001[8]。pricemodelreturnmodel。。sharesdeflatorKothariZimmerman1995[9]、BarthClinch1998[10]。ChenWang2004[11]、SamiZhou2004[12]、ChenYuan2006[13]、LiuJLiuC2007[14]。KothariZimmerman1995[9]sizebiasdeflating。BarthKallapur1996[15]。HungSubramanyam2007[1]。。。ChenWang2004[11]。Pi=α0+α1BVi+α2NIi+εi1Pi=α0+α1BVi+α2OIi+εi2Pii2006BViNIiOIi。Pi=α0+α11BV_oldi+α12BV_difi+α21NI_oldi+α22NI_difi+εit3Pi=α0+α11BV_oldi+α12BV_difi+α21OI_oldi+α22OI_difi+εit4Pii2006BV_oldiBV_difi-NI_oldiNI_difi-OI_oldiOI_difi。1、2。。5、67、、。Pi=α0+α1BV_new1i+α2NI_new1i+εit5Pi=α0+α1BV_new2i+α2NI_new2i+εit6Pi=α0+α11BV_new1i+α12Minor_BVi+α21NI_new1i+α22Minor_NIi+εit7Pii2006BV_new1iNI_new1iBV_new2iNI_new2iMinor_BViMinor_NIi。———。Basu1997Ball2000[16][17]113··。NIi=α0+α1D_negi+α2Ri+α3Ri×D_negi+ei8OIi=α0+α1D_negi+α2Ri+α3Ri×D_negi+ei9NIii20062005Ri200620062006D_negii010。HungSubramanyam2007[1]、Ball2000[17]。2006115%。Basu1997[16]。、3。2、_2_1_2_1。12907.8135.5007.2361.64087.830_12902.8532.6591.4650.00511.987_112902.9512.711.6280.00513.626_212903.2602.9721.8200.00516.7411-12900.0980.0170.616-1.40810.540_12900.3050.1370.487-0.1375.827_12900.2070.1550.380-1.9135.315_112900.2190.1600.429-1.9225.322_212900.2540.1790.482-1.9325.9131-12900.0130.0020.152-0.4873.620_12900.2640.1830.481-1.5505.718_12900.3170.2210.563-1.8556.489-12900.0530.0050.258-0.8105.320_12900.0330.0040.105-0.6411.511、_/9990.0400.0410.085-0.5020.586_/9990.0420.0410.091-0.5130.604_/9990.0500.0440.104-0.6590.823_/9990.0630.0550.115-0.5910.8459990.9560.7300.839-0.5216.655999-0.198-0.4250.839-1.6765.501312_1_23_1_242006=-20062006。3999。20062005。CSMAR。41、2。HungSubramanyam2007。141.08%114··44.81%。VuongZ0.005。21。HungSubramanyam2007。1t0.05。21。Ohlson1995[18]persistence。HungSubramanyam2007。HungSubramanyam2007。5。34。HungSubramanyam2007。4Pi=α0+α1BVi+α2NIi+εi1BVNIAdj.R21.8760.0001.5000.0008.4220.00044.81%2.5380.0001.2860.0007.0860.00041.08%--0.2110.232-1.3360.048-3.73%0.005Pi=α0+α1BVi+α2OIi+εi2BVOIAdj.R21.5150.0001.5960.0006.6050.00045.50%2.2080.0001.3170.0005.4160.00041.55%--0.2790.103-1.1890.020-3.95%0.0071tAdj.R2VuongZDechowp2Pii2006BViNIiBVNIOIi。Pi=α0+α11BV_oldi+α12BV_difi+α21NI_oldi+α22NI_difi+εit3BV_oldBV_difNI_oldNI_difAdj.R21.7871.4930.3298.3181.18144.95%p0.0000.0000.2990.0000.360Pi=α0+α11BV_oldi+α12BV_difi+α21OI_oldi+α22OI_difi+εit4BV_oldBV_difOI_oldOI_difAdj.R21.5251.5500.0796.5862.25746.13%p0.0000.0000.7960.0000.00251tp2Pii2006BV_oldiBV_difi=-NI_oldiNI_difi=-OI_oldiOI_difi。6。6Adj.R25。65。。7Minor_BV。Minor_NI。。、2008[19]。115··Pi=α0+α1BV_new1i+α2NI_new1i+εit5BV_new1NI_new1Adj.R22.5381.2867.08741.08%p0.0000.0000.000Pi=α0+α1BV_new2i+α2NI_new2i+εit6BV_new2NI_new2Adj.R22.9571.0206.12737.38%p0.0000.0000.000-0.266-0.825-2.7%p0.1110.1920.001Pi=α0+α11BV_new1i+α12Minor_BVi+α21NI_new1i+α22Minor_NIi+εit7BV_new1Minor_BVNI_new1Minor_NIAdj.R22.5901.354-1.3297.0082.87341.45%p0.0000.0000.0020.0000.17261tAdj.R2VuongZDechowp2Pii2006BV_new1iNI_new1iBV_new2iNI_new2iMinor_BViMinor_NIi。7。。810.88%11.23%。911.28%10%。Adj.R2。89。8、9。0.1。80.00190.007。、。。95%。。。。。。0.5%。、2006。1tpF2NIii20062005Ri200620062006D_