會計準則修訂對穩健性及債務合約之影響－以中國證據為例

中國大陸企業會計準則在與IFRSs接軌方面，採「趨同法」，亦即以IFRSs為基礎，參考編修後，成為中國的「企業會計準則」，以達成與IFRSs相同之目的。在金融海嘯過後，中國企業會計準跟隨IFRSs腳步修訂，而此次修訂是有史以來規模最大的一次。本文以會計準則修訂，檢視是否會對中國資本市場穩健性之影響。另外，本文進一步檢視穩健性對債務合約關聯性是否會有影響。　　　　在穩健性與債務合約方面，實證結果顯示，當實施新會計準則後，會計穩健性與總借款比率關係正向提高；而在短期借款比率與長期借款比率中，實證結果顯示，當實施新會計準則後，會計穩健性與長短期借款比率也是呈現正向增加，唯在短期借款比例部分缺少顯著性的支持；而單論長短期借款比率與穩健性之關係方面，短期借款比率對穩健性係數是大於長期借款比率，表示在短期借款對於債權人來說，是更容易達到監督的效果。

關鍵字

中國大陸；會計穩健性；企業會計準則；債務合約

並列摘要

In terms of integration with IFRSs, China's corporate accounting standards adopt the “convergence method”, which is based on IFRSs. After reference, it becomes China's “Enter-prise Accounting Standards” to achieve the same objectives as IFRSs. After the financial tsu-nami, Chinese corporate accounting has followed the revision of IFRSs, and this revision is the largest ever. This paper is revised with accounting standards to examine whether it will affect the stability of China's capital market. In addition, the paper further examines whether robustness has an impact on debt contractual relevance. 　　In terms of robustness and debt contracts, the empirical results show that the relationship between accounting conservatism and total borrowing ratio is increasing when the new ac-counting standards are implemented. In the short-term borrowing ratio and long-term bor-rowing ratio, the empirical results show that when implementing new accounting After the standard, the ratio of accounting conservatism to long-term and short-term borrowing is also positively increasing, but there is no significant support in the proportion of short-term bor-rowings; while the relationship between short-term borrowing ratio and robustness is short-term borrowing ratio versus robustness coefficient. It is greater than the long-term bor-rowing ratio, indicating that short-term borrowing is easier for creditors to achieve supervision.