会计改革与会计信息质量——来自中国证券市场的经验证据

本文以股份公司会计制度改革为例 ,从会计改革的目标出发 ,运用会计信息的市场反应 ,分别从信息观和计量观的角度 ,就会计信息的质量进行定量研究 ,对其改革效果做出实证性的评价 ,籍此观察《企业会计制度》改革的合理性。研究表明会计信息质量的提高不仅有赖于会计改革建立高质量的会计准则 ,而且离不开执行机制的改革提供有效的准则执行支撑系统。《企业会计制度》面对缺乏效率的准则执行机制 ,出台尽可能回避按“公允价值”计价的改革政策 ,无疑是考虑会计准则与经济环境的融合性而做出的明智之举

Accounting Reform and the Quality of Accounting Information: Evidence from the Chinese stock Market

Using the “Accounting Regulation for Listed Companies" as an example, this study empirically investigates the quality of accounting information through examining information usefulness in the Chinese stock market. The study, while evaluating the effectiveness of accounting reforms for listed companies, provides implications for accounting reforms for business enterprises in general. Our findings suggest that the improvement of the quality of accounting information depends not only on high quality accounting standards, but also on an effective supporting infrastructure to ensure proper implementation of accounting standards. Due to the lack of such supporting infrastructure, the avoidance of the fair value based measurement method in the recently promulgated “Accounting Regulation for Business Enterprises" may be an appropriate choice after taking the accounting environment into consideration in standards setting.