论信息化背景下新会计准则与XBRL的作用

本文认为,XBRL作为一种在互联网上披露企业财务报告的国际标准和技术,由于其所具有的标准化、与信息系统平台无关等特性,有望通过改变互联网环境下财务报告编制、存储、传递、应用的方式和技术手段,改革传统的财务报告模式,从而成为一种支持会计国际化和财务报告全球化的新的应用模式。新会计准则的实施将加速我国企业的国际化进程,也为XBRL在企业财务报告中的应用提供了一个契机。     

基于信息质量理论的财务报告及时性研究

信息的及时性与证券市场的公平密切相关.本文使用报告时滞作为及时性的替代变量,首先运用会计信息质量理论构建了分析报告时滞的理论框架-适量时滞与余量时滞,并在此基础上,对1993-2002年间披露的7093份中国上市公司年报的及时性进行了经验检验,最后就如何提高我国上市公司年报及时性提出了相应的政策建议.     

现行财务报告体系亟待改进

现行财务报告体系存在着许多的不足,如计量基础单一、不重视非财务信息、不关注未来信息等.本文提出对现行财务报告体系的改进方法,如增设报表的部分项目、增设全面收益表及社会责任报告等相关的报表,强化中期报告的报送,以完善现行财务报告体系,建立符合我国社会主义市场经济发展要求的、与田际大环境相适应的财务报告体系.     

中期财务报告的比较研究

文章将我国的《企业会计准则——中期财务报告》与《国际会计准则第34号——中期财务报告》进行了比较研究,指出了二者的不同之处,分析了产生差异的原因,并根据我国证券市场的现状,就如何推动我国中期财务报告理论和实务的发展提出了几点具体建议。     

Regulatory impact on voluntary climate change–related reporting by Australian government‐owned corporations

This paper concerns voluntary climate change–related reporting of government‐owned corporations (GOCs). We investigate whether the Australian National Gresenhouse and Energy Reporting Scheme (NGERS), a regulation stipulating the disclosure of greenhouse gas emissions to government, subsequently made publicly available on a Website, has a positive impact on the voluntary disclosure of climate change–related information not required by the regulation. We find that implementation of NGERS has a positive effect on voluntary climate change‐related disclosures by GOCs. Hence, mandating disclosure of organisations’ negative environmental performance, such as greenhouse gas emissions, can influence voluntary disclosures of a broad range of related information particularly in organisations that are not subject to capital markets incentives. However, upon later but concurrent implementation of a Carbon Tax after a highly partisan and divisive political debate, climate change–related disclosures by GOCs reduce, consistent with the de Villiers and van Staden (2006) argument that when disclosures might increase awareness of sensitive issues, avoidance of attention to the issue might be the best strategy to retain legitimacy.     

Effect of information quality due accounting regulatory changes: Applied case to Mexican real sector

The purpose of this paper is to examine whether changes in accounting standards improve value relevance of financial information on listed companies in Mexico. The research was conducted for the period 2000–2013 using a sample of 141 companies that report to the Mexican stock exchange using the methodology of panel data. Our findings show that changes in local regulations (generally accepted accounting principles) to internationally approved standards (Financial Reporting Standards and International Financial Reporting Standards) increase the value relevance and therefore the quality of information. The study shows that the accounting information with international Financial Reporting Standards is more trustworthy for foreign and national investors.     

金融基础设施对经济发展的推动作用研究——以我国征信系统为例

本文建立了考察金融基础设施对经济发展推动作用的评估模型,并以金融基础设施中极为重要的征信系统为例,量化评估了金融基础设施对我国宏观经济的促进作用。通过模型对中国人民银行征信中心所有底层数据以及针对21家全国性银行和257家地方性金融机构的调查问卷数据进行分析,我们发现征信系统促进了宏观经济中的总消费和总投资,并估算出征信系统对GDP增长的贡献占比为4.28%,相当于0.33个百分点的GDP增长率。     

征信体系对中小企业融资的影响分析

本文研究银行信贷管理中对中小企业信用信息的需求,重点是基层银行了解中小企业最可依赖的信息来源和信息类型等方面;分析征信系统在降低银企交易成本、增加中小企业融资机会和形成信用约束机制中的影响;就进一步完善征信系统,促进中小企业融资提出政策建议.     

The valuation of R&D expenditures in Japan

The difficulty to measure the long‐term benefits of R&D expenditures and the distortions induced by R&D accounting suggest that R&D‐intensive firms could be undervalued. Using several methods commonly applied to detect the abnormal returns associated with mispricing, we find little evidence that the value of R&D investments has been underestimated in the Japanese stock market. Given that R&D accounting rules in Japan are similar to those in United States, the results appear to reject the hypothesis that accounting biases are the cause of the undervaluation of R&D investments observed in the United States.     

Maximising international returns: Impact of IFRS on foreign direct investments

This study investigates whether the adoption of International Financial Reporting Standards (IFRS) by a country increases Foreign Direct Investments (FDIs) and impacts the profitability of investments conducted by Multi-National Enterprises (MNEs). The proposed regression models are tested on a data set containing 493 observations of Swedish companies’ FDIs in 73 countries made during 2007–2014. Empirical evidence is provided for a significant impact of IFRS adoption on FDIs and earnings generated by foreign investments, depending upon the extent of IFRS implementation and the level of convergence. This study also suggests that IFRS adoption is significant both for FDIs and reported profits obtained through FDIs for developed countries, contrasting with emerging markets. Finally, this is one of the first papers to empirically test and confirm that several significant underlying variables (including IFRS), which can explain both FDIs and profits reported by MNEs, are identical.