我国上市公司地理分部的重要性判断问题研究

由于企业跨行业、跨地区经营活动越来越普遍,对于如何确定地理分部问题就日益重要,特别是财政部于2006年2月15日发布了第35号《具体会计准则--分部报告》更是对地理分部披露提出了强制性要求.从实证分析的角度对多元化经营的上市公司的地理分部的研究结果表明,在地理分部信息披露中存在着披露深度和广度上的均衡并出现了广义的地理概念,10%的重要性水平对于改善分部信息披露质量的作用是有限的.     

行业分部信息的价值相关性研究

本文通过2001年到2003年的上市公司行业分部信息来验证分部信息的价值相关性,实证结果表明我国上市公司多元化发展比较普遍,而这将使会计信息变得更加复杂,多元化发展会对会计信息有用性产生影响.在我国,行业分部信息的披露确实具有价值相关性,因此披露分部信息将能帮助投资者更好地评估上市公司.目前我国行业分部信息侧重于披露盈余信息(损益表信息),但是并不提供资产负债表信息,投资者用于全面评估上市公司的信息还不全面.随着我国企业多元化发展日益普遍以及多元化发展的程度日益突出,上市公司披露行业分部的资产负债表信息会变得很有必要.     

上市公司分部信息披露动因与约束

分部信息的披露主体主要是上市公司.公司出于竞争投资者有限的资金等目的有自愿披露分部信息的动因.由于分部信息披露存在成本,在没有管制的情况下,企业出于自身利益最大化考虑,将通过对收益和成本的权衡来决定分部信息披露.由于分部信息披露的外部性、分部信息分布的不对称性等,不能完全依赖于自愿披露,必须对分部信息披露进行适度的管制,强制公司披露分部信息.     

我国分部信息披露规范与国际会计准则差异的描述性分析

在对国际会计准则第14号《分部报告的财务信息》和我国有关分部信息披露的会计制度和会计准则（征求意见稿）等内容进行简单描述的基础上,运用实证研究的研究方法对两者之间在分部报告形式、平均分部个数、各分部披露内容等进行了比较分析,从而得到以下初步的结论：我国有关分部信息披露的规范正在迈出向国际会计接轨的重要一步,但在披露内容的广度和深度上两者之间不仅存在一定的差异,而且样本公司也未能完全按照我国的有关披露规范进行完整的列示,这不仅期待着正式准则的出台也说明了今后对于准则的制订工作仍任重道远,而且其执行力度也亟待加强。     

分部信息披露会计准则的国际比较及启示

以各国相关机构发布的与分部信息披露相关的会计准则为切入点,在对分部信息披露的目的、可报告分部的确认基础、分部信息的披露内容以及披露方式和披露期间进行国际比较分析的基础上,将分部信息以附表的形式在年度报告中予以披露,而且在对可报告分部的确认时应缩小确认标准并出台相关指南给企业以明确指导,尽量减少管理层的专业判断和主观认定.     

分部信息质量特征研究:来自中国上市公司分部信息披露的经验证据

目前,国际上确认分部的两种不同方法"管理法"与"风险与报酬法"分别强调了分部信息的相关性和可比性。中国原来的分部披露规范要求按照"风险与报酬法"并结合企业的组织结构来确认分部。而实证研究表明,采用"风险与报酬法"并结合企业组织结构来确认分部更强调分部信息的相关性,不能同时兼顾相关性和可比性。因此,今后应积极贯彻执行分部报告准则,按照"风险与报酬法"来确认分部,强化风险提示,完善各项披露内容,严禁利用分部确认方法来操纵分部信息披露,采用六位数代码规范行业信息,加强外部审计人员的职业关注以进一步提高分部信息质量。     

我国分部信息呈报现存的问题与对策

上市公司和投资者对分部信息都有着不同程度的重视。而在对我国分部信息的规范和实际披露状况实施考察之后,却发现分部信息的披露环境无法满足新形势下对分部信息的要求,这促使我们致力于针对报告中的问题改进我国的分部呈报制度,并对我国分部信息中潜在的问题提出对策性的建议。     

美国分部信息披露制度的发展与启示

在企业跨行业、跨国（地区）经营的情况下，信息使用者所面临的不确定性因素大大增加，在决策过程中必然要求更多的信息。信息使用者不但要关心企业作为一个整体的经营情况，也要关注企业各个分部的信息。本文介绍了美国分部信息披露制度的发展情况，考察了在促进美国分部信息披露制度发展方面不同机构发挥的重要作用，为进一步完善我国上市公司分部信息披露制度提供了借鉴。     

试论我国上市公司分部财务报告

阐述了现代证券市场是建立在信息披露制度之上，而上市公司的信息披露是证券市场健康发展的重要保证，对我国上市公司分部财务报告提出建议。     

商业银行应加快推进业务分部报告信息披露的基础工作

目前以国际财务报告准则（International Financial Reporting Systme，IFRS）为代表的信息披露标准已经获得了世界多数国家的广泛认可。但随着投资者对银行信息披露要求的不断提高，国际财务报告准则对商业银行披露分部报告提出了原则性要求，以体现多种经营模式和企业的风险及回报水平，满足财务报表使用者的需要，帮助投资者更好地了解企业过去的经营业绩，更准确地估定企业的风险及收益，更有效地整体评价企业。国外先进的商业银行已经开始定期披露分部报告，我国在香港上市的中国建设银行、中国银行已经按照国际财务报告准则的要求在招股说明书中披露分部报告，正在准备上市的银行也需要按照规定定期披露分部报告。     

Short-sale refinancing and price adjustment speed to bad news: Evidence from a quasi-natural experiment in China

Short selling may accelerate stock price adjustment to negative news. However, the literature provides mixed evidence for this prediction. Using short-sale refinancing and a staggered difference-in-differences (DID) model, this paper explores the effect of short selling on stock price adjustment. Our results show that (1) short-sale refinancing improves the speed of stock price adjustment to negative news. This result holds after we control for endogeneity. (2) The positive relationship between short-sale refinancing and stock price adjustment speed is significant in subsamples of stocks with higher earnings management or lower accuracy of analyst forecasts, indicating that firms with more opaque information are more likely to be targeted by short sellers. In subsamples of stocks with a higher ownership concentration or lower ownership by institutional investors, short selling is more likely to increase the speed of stock price adjustment, indicating that ownership structure may influence negative news mining. (3) As short-sale refinancing exacerbates the absorption of bad news by stock prices, it increases crash risk. This study enriches the research on the economic consequences of short selling and provides empirical evidence supporting regulations on short selling in China.     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

正The China Journal of Accounting Research"CJAR"(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditing and corporate governance issues that relate to the greater China region.We welcome the submission of both theoretical and empirical research papers pertinent to researchers,regulators and practitioners.Authors should note:     

The China puzzle: Opportunities for accounting research

How can China achieve phenomenal economic growth despite what is considered as 'weak' institutions in market-based economies? Xu(2011) provides a framework to u...     

Aims and Scope

<正>The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to...     

Income smoothing and the cost of debt

The literature on income smoothing focuses on the effect of earnings smoothing on the equity market.This paper investigates the effect of income smoothing on th...     

The case for management history

This article defines the case for treating management history as a discrete subject area, although one closely related to business, accounting, labour, and industrial history. It seeks to concentrate on the nature, process, and practice of management as an activity within the organization, and to argue that it is important that modern British managers understand the intellectual and cultural roots of their profession, since without these they will tend to be swayed by short-term management 'fads'. Within the broad topic there are several identifiable sub-areas for potential exploration, including the comparative historical development of management between different countries, management institutions, managerial careers and labour markets, management structures, management skills, and management thought and theory.     

Cost accounting standard and cost accounting systems in Japan. Lessons from the past - recovering lost traditions

This paper aims to show two things. The first is how Japanese culture has contributed to the development of Japanese cost accounting history. The second is to reveal the research possibilities of cost accounting history. This paper also reviews the salient features of several important examples of these aspects of cost accounting practice in Japan. It therefore explores, through some practical illustrations, how and why Japanese cost accounting differs from that found in the West.     

The life and career of John Spence Ogilvy (1805-71), the first chartered accountant to emigrate to Australia

So far as the available evidence allows, this paper examines the life and career of John Spence Ogilvy, foundation member of the Society of Accountants in Edinburgh in 1854, who emigrated to Melbourne in 1856, but did not play a part in the development of an organized accounting profession in Australia. The paper also attempts to explain the gap of thirty-two years between the formation of the first accounting bodies in Edinburgh and Melbourne.     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

【正】The China Journal of Accounting Research‘‘CJAR’’(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditin...     

Shared Standard Setting in the Public Interest:A Strong Model

正The last two decades have been a definitive era in the evolution of the accountancy profession.In the wake of major corporate scandals at the turn of the century,an international public debate arose on the need for more effective and well-considered regulation;this debate then reignited during the global financial and sovereign debt crises.