| 新企业会计准则中公允价值变动损益对新能源企业股价的影响分析 |
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| 引用本文： | 张莉.新企业会计准则中公允价值变动损益对新能源企业股价的影响分析[J].价值工程,2010,29(19):10-12. |
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| 作者姓名： | 张莉 |
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| 作者单位： | 生命人寿保险股份有限公司重庆分公司,重庆,400010 |
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| 摘 要： | 发展新能源产业是应对环境恶化的重要举措之一。本文选取我国上市公司中395家新能源企业在2007-2009年间的季报数据,运用面板数据分析方法,检验了公允价值变动损益与这类概念股市价的收益率及其波动率之间的相关性,结果表明新会计准则实施以来公允价值变动损益与股价收益率显著正相关,而于收益率的波动显著负相关,进一步表明公允价值变动损益具有信息含量,且并不会增大资本市场的波动风险。
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| 关 键 词： | 新会计准则 公允价值变动 收益率波动 |
The Analysis of an Influence on the Share Profit of a New Energy Enterprise of Changes in the Fair Value in New Enterprise Accounting Standard |
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| Zhang Li.The Analysis of an Influence on the Share Profit of a New Energy Enterprise of Changes in the Fair Value in New Enterprise Accounting Standard[J].Value Engineering,2010,29(19):10-12. |
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| Authors: | Zhang Li |
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| Institution: | Zhang Li(Sino Life Insurance Co.,Ltd.,Chongqing Branch,Chongqing 400010,China) |
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| Abstract: | The development of new energy industry is one of the important measures for environmental degradation.This paper selects 395 companies in China＇s new energy enterprises with quarterly financial data from the year of 2007 to 2009.Using panel analysis method,we test the correlation between changes in the fair value of the profit and the yield as well as return volatility,our results show that the correlation between the changes in the fair value and profit share yields is significantly positive because of the implementation of new accounting standards,while it is a significant negative correlation with return volatility,further shows that the changes in the fair value have the information content,which will not increase the risk of capital market fluctuation. |
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| Keywords: | new accounting standards changes in the fair value return valatility |
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