CAJ | 학술논문

针对已有研究新会计准则公允价值信息价值相关性及契约有用性的文献忽视了金融资产持有期间产生的“公允价值变动损益”在出售时点需要转回的做法,文章批判了已有实证文献研究直接用利润表的“公允价值变动损益”信息检验价值相关性及契约有用性的研究设计,这一研究设计错误解释金融资产公允价值上涨或下跌的实证影响.为了准确考察公允价值的真实信息价值,文章重新选择了公允价值影响的度量方法,结合考虑“公允价值变动损益”的产生与“转回”,对公允价值信息价值相关性和薪酬契约文献进行重新检验.研究结论确实具有一定差异.研究结论对准则制定机构及后续学术研究都具有一定的启发价值,也在一定程度上反驳了非会计界人士对会计准则在金融危机期间执行公允价值的指责.
침대이유연구신회계준칙공윤개치신식개치상관성급계약유용성적문헌홀시료금융자산지유기간산생적“공윤개치변동손익”재출수시점수요전회적주법,문장비판료이유실증문헌연구직접용리윤표적“공윤개치변동손익”신식검험개치상관성급계약유용성적연구설계,저일연구설계착오해석금융자산공윤개치상창혹하질적실증영향.위료준학고찰공윤개치적진실신식개치,문장중신선택료공윤개치영향적도량방법,결합고필“공윤개치변동손익”적산생여“전회”,대공윤개치신식개치상관성화신수계약문헌진행중신검험.연구결론학실구유일정차이.연구결론대준칙제정궤구급후속학술연구도구유일정적계발개치,야재일정정도상반박료비회계계인사대회계준칙재금융위궤기간집행공윤개치적지책.
The current empirical research on the fair value information under new accounting standards ignores the fact that holding period unrealized gain or loss of fair value produced by financial asset would be reversed when the asset is sold. In this condition, the information of unrealized gain or loss of fair value from income statements would be applied directly to the study of value relevance and contract validity in these literatures, which would lead to the misinterpretation of empirical results of the information of fair value up and down of financial assets. In order to understand the exact role of fair value in Chinese new accounting standards, this paper combines unrealized gain or loss of fair value and the effect of reversion and retests the value relevance and contract validity of fair value in- formation. Fortunately, study results are not completely same as before. The results have important implications to standard setters and later academic research. Furthermore, the paper also provides the evidences supporting that accounting standard setter stick to use fair value measurement during the period of financial crisis which has been criticized by outsiders of accounting circles.