國際會計準則、制度環境與價值攸關性之研究－以中國上市公司為例

A Study of the Association among IFRSs, Institutional Environment and Value Relevance - Evidence from Chinese Listed Company

林鴻基(Hung-Chi Lin)

指導教授 ： 劉政淮

共同指導教授 ： 紀信義(Hsin-Yi Chi)

國立臺中科技大學/商學院/會計資訊系會計與財稅碩士班/碩士(2013年)

https://doi.org/10.6826/NUTC.2013.00030

摘要

中國財政部要求其上市櫃公司於2007年起，依據國際會計準則編制其財務報表。然而，各國之間的社會文化、法律體系、政治環境與商業習慣等因素有所差異，致使財務報表對經濟事項之呈現可能有所不同。本研究係以實證研究方法探討國際會計準則及制度環境對於價值攸關性之關聯，研究樣本為2002年至2011年於中國上海證券交易所及深圳證券交易所上市櫃之A股公司，並以2007年作為研究之分水嶺。實證結果發現，中國上市櫃之A股公司於2007年導入國際會計準則後、制度環境較健全之省市，其財務報表之每股盈餘及每股帳面價值對股票收盤價之價值攸關性較高；此外，本研究實證結果發現，導入國際會計準則且制度環境較健全之樣本公司，其價值攸關性亦較高。

關鍵字

價值攸關性 ； 制度環境 ； 國際會計準則

並列摘要

Ministry of Finance of China required the listed company in 2007 to prepare its financial statements in accordance with International Financial Reporting Standards(IFRSs). However, different socio-cultural, legal system, political environment, business habits and other factors between the countries, resulting in the financial statements may differ on economic matters presented. China’s market and legal institutions vary significantly across regions, creating a natural laboratory to study the relationship between political and economic institutions and value relevant decisions. This research is to explore the impact of IFRSs and institutional environment for the value relevance of empirical research methods. The study sample are China Shanghai Stock Exchange and Shenzhen Stock Exchange listed A-share companies from 2002 – 2011 and 2007 as a watershed in this research. Empirical results show that after the adoption of IFRSs, the sound of the provinces and cities of the institutional environment, earnings per share and book value per share of its financial statements have higher value relevance to stock price; In addition, the empirical results of this research found that the adoption of IFRSs and a more robust institutional environment of the sample companies, the higher its value relevance.

並列關鍵字

Value Relevance ； Institutional Environment ； International Financial Reporting Standards (IFRSs)

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