公允价值计量对上市公司股价波动影响分析-会计学专业论文.docx

II II ABSTRACT The U.S sub-prime mortgage crisis in 2007 quickly become financial storm which sweep across the global economy, many critics argue that fair value accounting has significantly contributed to the financial crisis and it is because of the shortage of the fair value measurement itself that Americas sub-prime crisis quickly spread to other countries around the world. Accusations and abuses about fair value measurement continued. Fair value is regarded as the main reason that enterprise went bankrupt, stock market declined and the crisis deepened. In the face of the social question to fair value measurement, many governments modify its accounting standards rapidly. In this case, we need to study that whether fair value is really relative with the listed company’s share price fluctuations. The paper starts with the conception of fair value. Then it gives a detailed description of the fair value and capital market theory of the mechanism and fair value measurement in our application process. The fourth chapter begins with the empirical analysis between fair value and the share price fluctuations and takes domestic capital market from 2007 to 2010 as the research background. We set listed companies that changes in the fair value loss is not zero as research objects and confirm the basic assumptions of correctly or not by constructing a regression model. We try to give evidence that whether fair value plays amplification role in the economic fluctuation and give appropriate suggestions on the basis of research. The study found that the fair value loss has influence on share price fluctuation, with the cycle effect, which named in the economic boom, fair value is the generator of financial bubble; in the economic recession, fair value is the roll booster of financial risk; when the market price rises, the profit changes in the fair value have more influence than the loss changes in the fair value on the share price fluctuation; when the market price declines, t