摘要
收入是财务报告的重要组成部分,不仅反映了企业过去的经营状况,也是预测企业未来发展的重要基础。近年来,对于新收入准则的执行效果在学术界受到了广泛关注。因此以2015~2019年中国上市公司为样本,采用双重差分模型,基于信息不对称理论与有限关注理论,实证研究了新收入准则实施对分析师盈余预测质量的影响,以期为政策准则优化提供有益的借鉴。研究结果表明:新收入准则提高了企业会计信息可比性和信息披露质量,信息环境得到改善,分析师可以通过已公开的信息、低成本的获取更多有价值的信息,提高了分析师预测准确性、降低了分析师预测分歧度,显著提高了分析师盈余预测质量;关于分析师盈余预测异质性分析结果显示,审计监督越强的企业,收入准则变更对分析师预测的正向影响越显著。
Revenue is an important part of financial re-porting, which not only reflects the past operating conditions of enterprises, but also is an im-portant basis for predicting the future development of enterprises. In recent years, the implemen-tation effect of the new income standard has received widespread attention in the academic com-munity. Therefore, taking Chinese listed companies from 2015 to 2019 as a sample, using the dou-ble difference model, based on the information asymmetry theory and limited attention theory, the impact of the implementation of the new revenue standard on the quality of analysts’ earnings forecast is empirically studied, in order to provide useful reference for the optimization of policy standards. The results show that the new revenue standard improves the comparability and infor-mation disclosure quality of enterprise accounting information, improves the information environ-ment, and allows analysts to obtain more valuable information through publicly available infor-mation at low cost, which improves the accuracy of analysts’ forecasts, reduces the divergence of analysts’ forecasts, and significantly improves the quality of analysts’ earnings forecasts. The analy-sis of the heterogeneity of analyst earnings forecasts shows that the stronger the audit oversight, the more significant the positive impact of the change in revenue standards on analysts’ forecasts.
出处
《国际会计前沿》
2023年第2期279-289,共11页
Frontiers of International Accounting
