Study On The Impact Of Fair Value Measurement On The Business Performance In The Incomplete Market

Ministry of Finance in February 2006 issued by 39 the provisions of Accounting Standard for Business Enterprises,from January 1,2007 onwards,listed companies in China take the lead in the introduction of the new Accounting Standard for Business Enterprises,the new guidelines for the use of fair value in the academic and practical sector have had a great response,resulting in domestic academic research on the fair value of the wave.However,due to the implementation of fair value is not a long time,research focused on the fair value of the basic theory and analysis.As the fair value in our use of time,the fair value measurement of in-depth study on China's economic and business consequences arising from the practice,and promote the fair value of the development and improvement of the theory,the field of accounting research has become a new topic.Normative analysis of this literature-based,standardized analysis and empirical analysis, Complemented by deduction,induction,etc.from China's market characteristics of incomplete analysis of the fair value of the market in such a unique environment to run,and fair value of corporate performance may be the impact of theoretical analysis and empirical studies related to the fair value of the theory to provide some empirical evidence.Major research paper is as follows:1 Introduction.This article introduces the research background,defining the research on the significance of research,research methodology and research framework.2 Review of research literature.Mainly related to the fair value of research literature review and evaluation.3 fair value of the basic theory.Mainly on the definition of fair value,connotation,it is estimated that the level and methods for interpretation of fair value in recalling the history on the basis of our criteria for the application of fair value in an analysis.4 not entirely fair value under market conditions influence business performance of the theoretical analysis.Based on the market at this stage of our analysis is not complete,and thus the current market conditions do not entirely fair value impact theory to explain corporate performance, and analysis of the impact of channels.5 the results of empirical research and analysis.An Empirical Study of the major assumptions, including sample selection,variable selection and return to the results of the Review and so on. Difficulties of this article,innovation is possible.6 Research findings and policy recommendations.In addition to the full text of this part of research to draw conclusions and recommendations given feasibility,but also pointed out the shortcomings of this study as well as prospects for future research.Through the fair value of the theory of the impact of business performance analysis and empirical testing,this paper studies the following conclusions:1 Fair value of the enterprise have an impact on the financial report,an increase of the income statement items,direct-to-business financial performance indicators for impact evaluation.Not entirely to the market conditions at this stage enterprises to adopt the fair value measurement of earnings management has left a space,a listed company may use fair value to profit manipulation.In addition,the fair value of the cis effect of the economic cycle-related assets or liabilities of enterprises confirmed by the way,thus affecting the composition of the contents of corporate profits, and ultimately reflect the impact of the characteristics of corporate financial performance.2 Fair value information can improve the relevance,and thus is conducive to enterprise production and management decision-making and investment decision-making on corporate performance have a positive impact on the accounting indicators.3 As a result of the use of fair value of our time is relatively short,at fair value on the business impact of performance have not yet fully apparent.According to theoretical analysis and empirical research findings,this paper proposes the following recommendations:(1) To strengthen the fair value of theoretical research to establish guidelines for fair value.(2) Cultivation at all levels to use the fair value of the market to improve market conditions.(3) Take active steps to strengthen the valuation of technical studies to improve the operation of determining the fair value method.(4) To strengthen the supervision of enterprises and the market to improve the quality of accounting information.