Accounting Standards Reforms and Accounting Conservatism:Evidence from China
- 2012年第5卷 
本文以1998-2009年中国n股上市公司作为研究样本，考察了我国 会计准则变迁对会计信息稳健性的影响以及这种影响的路径。研究发现，会计制度改革对盈余稳健性的影响主要是来源于操纵性应计，2001年会计准则变迁后盈余稳健性的提高是由于坏消息的及时确认而不是好消息的推迟确认，2007年会计准则变迁后盈余稳健性的降低既是因为坏消息的推迟确认也是因为好消息的提前确认，其中坏消息的推迟确认对2007年后的盈余的激进有重要影响。Using a sample of Chinese A-share listed companies over period 1998-2009, this paper examines the effect of Chinese accounting standards reforms on earnings conservatism. We document evidence of conservative financial reporting over the period under investigation. Our findings suggest that accounting reforms affect earnings conservatism mainly through discretionary accruals. Enhanced earnings conservatism after the 2001 accounting reform results from timely confirmation of bad news rather than delayed confirmation of good news. The decrease in accounting conservatism after the 2007 accounting reform can be attributed to both delayed confirmation of bad news and timely confirmation of good news but, to a large extent, to delayed confirmation of bad news. Our findings have important implications for accounting regulators, investors, and researchers.