公允价值对现金股利政策的影响及股价反应会计学专业论文.docx

重庆大学硕士学位论文英文摘要 重庆大学硕士学位论文 英文摘要 PAGE PAGE IV ABSTRACT Fair value accounting is the accounting model that fair value as assets and liabilities’ primary measurement basis. China issued the new accounting standards on February 15, 2006, and biggest bright spot is the use of the fair value of. The promulgation and implementation of the standards system will change the financial accounting’ traditional measure bases in certain extent, and impact the profits structure of listed companies, in particular the moderate and cautious introduction of the fair value. The basic meaning of fair value can be interpreted as fair, adequacy value. Different countries and organizations for the definition of fair value is not the same. International Accounting Standards Board believes that fair value is the amount that knowledgeable parties basis this amount exchange the assets and liabilities in a fair deal. A change of fair values is a very important part of fair value accounting. New accounting standards set a fair value profit or loss account to account the profit or loss that brought from the changes of fair value in current report in the fair value method. The balance sheet date, in order to calculate the current years operating results, the change of fair value accounts balance to profit for the year accounts finally. Changes in fair values intensified the inconsistencies between accounting profit and cash flow. People are generally concerned that if the changes of the fair value increase or decrease the profits, whether this part of the changes affect the distribution of cash dividends, and the reaction of the stock prices to the dividend distribution plan. This paper analyzes the relationship between the changes of fair values and the cash dividends behavior, and the resulting changes of market behavior, that the implementation of fair value accounting for the influence of corporate cash dividends, and stock price reaction to cash dividend behavior. Firstly, the paper describe