稳健性对会计信息透明度的影响研究

【作者】 周晓苏； 吴锡皓；

【机构】 南开大学商学院；

【摘要】 本文以上市公司会计信息透明度为切入点,探讨会计稳健性对信息不对称的影响。研究发现,当以资产减值准备表征会计稳健性时,随着资产减值准备的增加,会计信息透明度也会增强,但当资产减值准备超过一定的限度后,会计信息透明度不升反降,两者呈现倒U型关系;而删除了过度计提资产减值准备的样本后发现,原先的倒U关系不复存在,资产减值准备与会计信息透明度是正相关关系。这些结果表明,稳健性的运用提升了会计信息透明度,而极端盈余管理行为导致了会计信息透明度下降。在敏感性测试中,剔除了盈余管理的影响后发现,稳健性的增强有助于提高会计信息透明度。综合起来,会计稳健性能够缓解公司内部人和外部人之间的信息不对称水平。更多还原

【Abstract】 This article investigates the impact of conservatism on information asymmetry from the perspective of the transparency of accounting information. The result shows that with the increase of the allowance for asset impairment (ASI) which characterized conservatism, the transparency of accounting information is also improved initially. However, when ASI exceeds a certain degree, the transparency is falling instead of rising, which takes on an inverted-U relationship. After remov ing the sample of the over-provision of the ASI, the original inverted-U relationship no longer exists, and a positive relationship between ASI and transparency emerges, which shows that conservatism e nhances transparency, and that extreme earning management leads to decline in transparency. In sensitivity tests, after eliminating the impact of the earning management on the conservatism, it is found that the enhancement of conservatism helps to imp rove transparency. Taken together, accounting conservatism can alleviate the level of information asymmetry between the internal and external investor s .更多还原