标题: | 新会计准则实施对资产减值提列之影响- 以中国为例 How do firms react to the new accounting principle for asset impairment and reversals? Evidence from China |
作者: | 郑帆凯 Cheng, Fan-Kai 林孝伦 王耀德 Lin, Hsiao-Lun Wang, Yau-De 管理科学系所 |
关键字: | 资产减损;盈余管理;Asset Impairment;Earnings Management |
公开日期: | 2010 |
摘要: | 中国财政部于2006年颁布了新会计准则,并规定上市公司于2007年1月1日开始实施,其中《企业会计准则第8号——资产减值》,对固定资产、无形资产以及除特别规定以外的其它资产减值的处理进行了专门规范,亦即“资产减值损失一经确认、在以后会计期间不得转回”,以此遏止上市公司的盈余管理行为。新准则实施后,由于相关资产减值即使价值回升也不得认列回升利益,因此本文探讨此举是否会对公司的资产减损提列行为产生影响,亦即公司是否会利用相关资产科目可回转的最后一年进行大量回转,同时并减少相关资产减损的提列。 本文利用2005至2007年中国上海、深圳两交易所主机板A股上市公司为样本,以其年报中揭露之资产减损相关财务资讯进行实证分析。实证结果印证过去文献对于资产减值与盈余管理关系的推论,在新会计准则的限制下,准则施行后禁止回转的科目在新准则公告后的提列金额显着降低,但准则未规定禁止回转的科目提列金额则无显着降低的情形。本文亦发现,部分公司有在准则施行前认列回升利益的倾向,惟实证上未达显着水准。本文结果具有政策意涵,亦即当制度改变时,企业可能因应制度的改变进行盈余管理,该现象值得报表使用者与有关当局注意。 The New Chinese Accounting Standards (CAS) was released on February 15, 2006. The new standards were effective for the reporting periods beginning on January 1, 2007. The differences between the old and new standard are many; a significant difference is that CAS 8 prohibits the reversal of impairments of long-lived assets. This study investigates the reactions of firms facing the changes in accounting standards to assess whether listed firms recognize less the impairment of long-lived assets after the announcement of the new standards. This study also examines whether listed firms reversed more impairments of long-lived assets before 2007. Based on the data for firms listed in the Shanghai and Shenzhen stock exchanges between 2005 and 2007, this study finds companies recognizing less long-lived asset impairments between 2006 and 2007. Moreover, listed firms do not recognized less asset impairments to assets where the impairment charges can still be reversed under the new accounting standards, such as account receivables and inventory. The results of the study partially support the notion that companies reversed more impairment of long-lived assets in 2006 compared to 2005, which implies that certain companies managed their earnings and reversed previous write-downs prior to the prohibition of the reversal. The implication of this study is that regulatory agencies and financial report users should note that companies might conduct earnings management with the change in accounting standards. |
URI: | http://140.113.39.130/cdrfb3/record/nctu/#GT079831507 http://hdl.handle.net/11536/47775 |
显示于类别: | Thesis |