Empirical Study On The Influence Of Fair Value Measurement To The Profits Of The Listed Companies

With the economic globalization, and according to the requirement of our economic development situation, the Ministry of Finance issued the new accounting standards which convergence with the international in 2006, re-introduction of the fair value measurement model became a highlight. Due to a large number of the fair value measurement's Introduction and some other aspects'change, which produced certain effect for the accounting recognition, measurement to the listed company, such as changed the follow-up accounts to fair value measurement. Due to the change of accounting method, which inevitably made some influence for the profit and financial statements of the listed companies. Therefore, the impact of the fair value to the profits became a hot topic in the current.The purpose of this study is made the following issue to be clearly: what effect was the fair value measurement for the profit of the listed company, the changes of the fair value and losses whether became the key factors for the profit, the changes of the fair value and losses would be a means of adjusting the profit, these influence on profit and the changes would produce what influences for assets, rights, corporate value and the investment decision ultimately.This paper determined the 118 listed companies' three years of successive data to form the research sample. The paper adopted descriptive statistics method and multiple regression analysis method to analyze the impact what the fair values to the profits of listed company.By the results of data analysis, we obtained the following conclusion:from the overall point of view, the introduction of the fair value measurement produced fluctuation to profit in a certain extent;The results about the multiple regression analysis shows that the changes of the fair value had became one of the most important factors in profit, and it would be a key factors for future profit research; After application the fair value, The phenomenon of earnings management by using the fair value was still existed.The structure of the papers:(a) Introduction; (b) the relevant theory and literature review of the fair value; (c) the application and the status of the fair value in listed companies; (d) the model Construction about the influence for the fair value to the profits of listed companies; (e) Empirical results; (f) conclusions.