新会计准则的经济后果_基于资产减值准则的研究_郭喜才新会计准则的经济后果_基于资产减值准则的研究_郭喜才.pdf

山P西P财P经P大P学P学P报 2009 11 Journal of ShanXi Finance and Economic Univer ity Nov. , 2009 31 11 Vol. 31 No. 11 新会计准则的经济后果 ) ) ) 基于资产减值准则的研究 郭喜才 ( 上海财经大学 金融学院, 上海200433) [ ] 本文从资产减值准则出发, 实证分析我国自2007 年以来实施新会计准则的经济后果结果发现: ( 1) 在旧准则 下, 公司计提较多资产减值作为大清洗的策略性工具, 但新准则实施后会显著降低; ( 2) 新准则虽压缩了使用资产减值作为盈 余管理的空间, 但公司会改用其他的替代方法, 包括仅调整账面数字的应计盈余, 以及改变实质的营业活动, 因此新准则具有 明显的外溢效果; ( 3) 整体经济法制越成熟的地区, 越可以缓和资产减值的管理行为 [ ] 经济后果; 资产减值; 外溢效果; 实质交易 [ ] F275; F224 [ ] A [ ] 1007- 9556( 2009) 11- 0108- 10 Economic Consequences of New Generally Accepted Accounting Principles ) ) ) Evidence from Economic A et Impairment GUO Xi- Cai ( School of Finance, Shanghai Univer ity of Finance Economic , Shanghai 200433, China) Abstract: Thi paper ex amine the economic con equence of new GAAP ba ed on a et imparirment. In contra t to prior tandard for a - et imparirment, new tandard do not allow firm to rever e a et imparirment lo .Thi paper fir t ex amine and find that, prior to 2007; lo firm conduct a big bath behavior u ing a et impartment in current year and then engage in re erval activitie in the following year to avoid be- ing cla ified into ST firm . However, lo firm are le likely to conduct big bath behavior u ing a et impartment after the amendment of GAAP. The author al o document that firm with a big bath tend to u e the alternative to manage earning , including di cretionary accrual and real activitie , ub equent to the amendement of accounting for a et impartment. Thu , amended tandard