作　　者： ; ;

机构地区： 北京大学光华管理学院

出　　处： 《会计研究》 2009年第5期20-28,共9页

摘　　要： 我国自2007年1月1日起实施的新会计准则,扩大了合并报表净利润与母公司报表净利润之间的差异。本文研究新旧准则下该差异相对于合并报表净利润的增量信息含量的变化。实证结果显示,上述差异在旧准则下并没有为母公司投资者的股票定价决策带来额外的信息;而在新准则下,该差异的决策相关性显著提高,并能提供合并报表净利润之外的增量信息含量。这就意味着,合并报表净利润中已包括但母公司报表净利润中未包括的子公司已实现而未分配盈余,能够在合并报表净利润基础上提供增量信息含量。 The implementation of the new accounting standards from January 1st,2007 in China has potentially enlarged the difference between consolidated and parent earnings.This paper studies the consequent change of the incremental information contents of this difference conditional on consolidated earnings.We find that the difference provides no additional information for parent investors' pricing decisions before the reform,but exhibits significantly improved decision relevance,and offers incremental information content conditional on consolidated earnings under the new standards.Our results suggest that,conditional on consolidated earnings,the retained subsidiary earnings contained in the consolidated but not parent earnings could actually provide incremental information.

关 键 词： 子公司盈余 会计准则变革 增量信息含量

领　　域： [经济管理] [经济管理] [经济管理]