公允价值与当代会计理论反思(9)

EnglishAbstractsofMainPapers

SeparationTrendofAccountingStandardsandRegulatoryRequirementsonFinanceand

InsuranceandtheRelevantResultsofReforminChina

LiuYuting

Theseparationofaccountingstandardsandregulatoryrequirementsonfinanceandinsurancereflectstheindependenceofdevelopingtheaccountingstandards.Itisveryimportanttoestablishasinglesetofhigh-qualityglobalaccountingstandards.Theseparationisduetothedifferencesbetweentheaccountingobjectivesandtheregulatorygoals.AccordingtotheexperienceofinternationalfinancialmarketsdevelopmentinmanyyearsandtheresultsoftheaccountingreforminChina,theseparationofaccountingstandardsandregulatoryrequirementsbecomesageneraltrend.Thusweshouldfollowthedomesticandinternationaltrends,andseparateaccountingrulesandfinancialregulatorypoliciesactively,andcoordinateandconvergentthemeffective-ly,soastoenhancethetransparencyofaccountinginformationoffinanceandinsurance,maintainfinancialsecurityandstability,andcomprehensivelymprovethecore-competenceofChina saccountingstandardsandthewholefinanceandeconomy.i

ProperUtilizationofEarningsInformationunderNewAccountingStandards

TheChoicebetweenConsolidatedandParentEarnings

LuZhengfei&ZhangHuili

TheimplementationofthenewaccountingstandardsinChinahaspotentiallyenlargedthedifferencebetweenconsolidatedandparentearnings,whichwouldbringinfluenceonthedecisionofstockholdersandcreditors,dividenddistributionoflistedfirms,andperformanceevaluationofbusinessgroup.Focusingonpossibleproblemsintheabovearea,thispaperanalyseshowconsolidatedandparentearningsinformationshouldbeproperlyut-ilized.Inthispaper,weclaimthatconsolidatedearningsprovidebasicprofitinformationforbothstockholdersandcreditors,whileparentearningsplayanimportantcomplementaryrole.Fromtheperspectiveofdividenddistribution,onlyifparentfirmmakesdecisionsupontheloweroftheconsolidatedandparentearnings,financialsoundnesswillbeattained.Asfarasinternalperformanceevaluationisconcerned,forthepurposeofbothadequatemot-ivationandcentralizationoffinancialresources,aproperweightshouldbeassignedtotheconsolidatedandparentearningswhenevaluatingtheperform-anceofparentfirm smanagemen.t

RethinkingofContemporaryAccountingTheoryonFairValuePerspective

RenShichi&LiJiyang

Fairvaluemeasurementisrootstockraisedfrompricefluctuating.Thecoreoffairvalueaccountingistoadjustthebookkeepingrecordaccordingtocurrentmarketpriceondifferentmeasurementtime,soastosatisfytherealfaithfulreflectionbydynamicaccountingreflec,twhichisindicatedthattheinbeingofaccountingistomeasurevaluemovementofafirm.Fairvalueaccountingcollideswithcontemporaryaccountingtheoryinthehypostasisandtheobjectiveofaccountingandthequalitycharactersofaccountinginformation,andthelike.Thecontemporaryaccountingtheorybasedoninformationsys-temstheoryandhistoricalcostprincipleisself-contradiction.Anewaccountingtheoryisneededtoguidethefairvalueaccountingresearchandprac-tice.

Cross-sectionalDeterminantsofCorporateTransparency

EmpiricalEvidenceBasedonAgencyTheoryandSignalTheory

TanJinsongetal.

ThispaperattemptstoexplorethedeterminantsofcorporatetransparencyinChina.Accordingtoouranalysisframework,corporatetransparencyisco-determinedbyinteriordrivefactorsandexteriorpressurefactors.Basedonourtheoryanalysis,andusingthedataof2001-2008oflistedcompa-niesincludedininformationdisclosurequalityevaluationofShenzhenStockExchange,weempiricallytestthedeterminantsofcorporatetransparency.Theresultsshowthatinteriordrivefactorsandexteriorpressurefactorscanwellexplaincorporatetransparency,andtheseresultsconsistentwithourtheo-ryanalysis.Moreover,wefindthatinteriordrivefactorsexplainthechangeofcorporatetransparencytoagreatexten,tanditisalsothemaindeterm-inantsoflong-termcorporatetransparency.

ApproachtoPolicyEffectonCorporateCashFlowundertheBackgroundofFinancialCrisis

ChenZhibin&LiuJing

Recentlytherearefewscholarswhostudycorporatecashflowfromtheperspectiveofmacro-policy.Thispaperfocusesonthefiscalpolicyunder