会计信息披露质量与会计信息价值相关性分析--来自深圳证券市场的经验证据

本文利用深圳证券交易所对上市公司信息披露水平的考评数据检验了信息披露质量对会计信息价值相关性的影响情况。结果表明,从整体来看,高质量的会计信息披露有助于提高会计信息的价值相关性,并且收益模型和价格模型所获得的结果基本一致。本文所获得结论的政策性含义在于为强化上市公司信息披露质量,提高会计信息透明性和可靠性的积极意义提供了支持证据。

Analysis of the Disclosure Quality of Accounting Information and Accounting Information Value - relevance --the empirical evidence from Shenzhen Security Exchange Market

By using the testing data of the listed companies' information disclosure in Shanzhen Security Exchange,this paper examines the effect of disclosure quality of accounting information on accounting information's value-relevance. The result shows that generally high quality information disclosure indeed helps improve accounting information's value relevance, and the result of return model is consistent with that of price model. The policy implication of this paper's result is that we provide supporting evidence for the significance of enhancing information disclosure quality and the reansparancy and reliability of accounting information.