An Empirical Research On Value-Relevance Of Financial Assets' Fair Value Based On Listed Companies

With the development of liberalization on financial markets,the International Accounting Standards Board (IASB) and U.S. Accounting Standards Board (FASB) in the research of Fair value has been at the forefront. also in 2006 of new accounting standards Re-established the position of the fair value measurement attribute. As the financial assets of more active trading market, the fair value of the reliability of the higher fair value of financial assets or net profit or loss arising from changes in the corporate accounting earnings information will bring a certain extent.With the outbreak of the subprime mortgage crisis has developed into a full-blown financial crisis in 2007, especially in the fair value of the fair value of financial assets is the financial and accounting sector triggered a fierce debate. This article is in this context, the first at home and abroad to collect and sort out the value on the fair value and other aspects related to the theoretical and empirical research, build research paper ideas and content framework; second section describes the IASB, FASB and the China's financial assets The historical evolution of the fair value of the guidelines, focusing on China in 2008 and 2009 using the fair value of financial assets, status, and finally by price model (Olson,1995) examination of Shanghai A share listed companies trading financial assets and available for sale financial Changes in fair value of assets if the amount of stock value, respectively, and whether the value relevance; trading financial assets at fair value through profit or loss if the value of correlation was significantly higher than the fair value of available for sale financial assets, the net change in the value relevance; financial assets The reliability of fair value is subject to economic factors.The research results can be information on the fair value of financial assets in China's capital markets to provide some correlation between the value of empirical evidence, while learning from foreign experience is of a reasonable financial assets, an important part of the accounting development.