上市公司公允价值运用的经济后果分析——基于现金股利政策的实证检验会计学专业论文.docxVIP

PAGE PAGE VI Abstract Fair value measurement has been the most hot and difficult concern among accounting scholars. U.S. Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) are in the leading level on the field of the theoretic research of fair value. Now, fair value is a main measurement attribute in the standards system. On February 15, 2006, Chinas Ministry of Finance issued a new accounting standard for enterprises. All listed companies in China are required to carry it on from January 1, 2007, and other enterprises are also encouraged to follow the new standard. The biggest bright spot in the new accounting standards is the moderate, cautious introduction of fair value measurement attributes. The extensive use of fair value, which adapted to the needs of the changing economic environment in China, can be regard as a substantial step of the convergence of our accounting standards with international accounting standards. Undoubtedly, this great change in financial accounting theory and practice will have a profound impact on our countries economic development. This study is based on the above background. We focus on the unique Chinese market and institutional context. Among a number of contractual relationships, this thesis starts the research on the perspective of enterprise-stakeholders contract, and conducted in-depth study of the following specific issues: whether fair value measurement impact the equity contract? Will the distribution of dividends take the fair value change into account in listed companies? Does there a difference on cash dividends, which was decided on the basis of fair value, under distinct corporate governance? Do concentrated ownership as opposed to the widely held firms are more willing to be measured at fair value surplus to the introduction of dividend policy? This article first introduced the background and significance of research, then summarized the research development process at hom