CAJ | 학술논문

以2007~2012年首次采用公允价值模式对投资性房地产进行后续计量的上市公司为研究样本，利用二元 Logistic回归模型实证检验了公司管理层选择公允价值计量模式的具体动因。结果表明，管理层选择公允价值模式对投资性房地产进行后续计量的可能性与盈利能力负相关，与资产负债率正相关；信息不对称程度不会显著影响管理层对公允价值计量模式的选择。这说明管理层选择公允价值计量模式只是为了提高公司的会计业绩和降低公司债务水平，而不是为了向投资者提供更为相关的会计信息。
이2007~2012년수차채용공윤개치모식대투자성방지산진행후속계량적상시공사위연구양본，이용이원 Logistic회귀모형실증검험료공사관리층선택공윤개치계량모식적구체동인。결과표명，관리층선택공윤개치모식대투자성방지산진행후속계량적가능성여영리능력부상관，여자산부채솔정상관；신식불대칭정도불회현저영향관리층대공윤개치계량모식적선택。저설명관리층선택공윤개치계량모식지시위료제고공사적회계업적화강저공사채무수평，이불시위료향투자자제공경위상관적회계신식。
Taking Chinese listed companies which firstly chose fair value model to measure in-vestment real properties during the period from 2007 to 2012 as our sample,this paper uses the binary logistic regression model to investigate the specific motivations to choose fair value model to measure investment real properties.The results show that the probability of choosing fair val-ue model to measure investment properties is negatively associated with firm's profitability and positively associated with the asset-liability ratio before the selection,and not significantly associ-ated with the magnitude of information asymmetry before the selection.The results suggest that the management choose the fair value model to improve a firm's accounting performance and re-duce its liability level,rather than to provide more relevant accounting information for investors.