制度环境、股权分置改革与决策有用性

基于中国证券市场股权分置改革的制度背景,结合地区制度环境,从会计规则内外部执行机制耦合的角度,运用盈余信息含量和价值相关性的经验模型,本文首次研究了制度环境与股权分置改革两者共同对会计信息决策有用性的影响。研究发现:地区制度环境越好、股改对价越低的上市公司,其会计信息的决策有用性越高。本文对国内关于股权分置改革的会计信息经济后果研究进行了一定程度的拓展,并结合地区制度环境对会计信息质量的考察提供了一种崭新的研究视角。

Institutional Environment,Share Split Reform and Decision-making Usefulness

On the basis of China's institutional background of the share split reform,this paper combines the institutional environment with the share split reform to jointly examine the influence of the accounting information decision-making usefulness with the empirical models of earnings information content and value relevance,which provides fresh ideas and methods to investigate how the internal and external enforcement mechanisms of accounting rules together play a role in the quality of accounting information.Ou...