Research On The Value-Relevance In Accounting Information Of Fair Value Measurement

Since the the21st century coming, the world economy developed rapidly,and the traditional accounting measurement mode become unable to meet the needs of the majority of financial statements users.However, the rapid development of the financial industry prompted huge changes to the accounting measurement. In order to adapt to the situation of China’s accounting reform converges to the development of international accounting.In2006, China released a new corporate accounting standards.The fair value measurement is recognized as one of the important measurement attributes.So that can reflect the real condition of the company’s financial statement and operating results,and provide the financial statements users with more relevant financial information.However, due to our country’s unique market environment have a certain extent distance to the more mature market environment. At the same time, the lack of experience in the area of fair value accounting practice,As well as the outbreak of the global financial crisis in2008,lead the people generate the different degree of skepticism on the use of the fair value.Then,does it really enhance the value of the accounting information relevance in use of fair value measurement in our country?This article Mainly includes:First, the theoretical analysis.Mainly reviewed the definitions of fair value, definition of the value-relevance,the theory related to the fair value:useful concept of decision-making, metering concept;the theory related to the value-relevance:efficient market hypothesis,net surplus theory.Second,the design on the research.In order to test the fair value accounting treatment on the impact of the investors’economic decisions,In this paper, based on the pricing model and revenue model building.the model of this paper.The research object on the project of financial statement which includes fair value information.Assumptions on "Fair value flexible loss and profit"and"Fair value flexible net amount to financial assets available for sale" and "the net financial assets measured at fair value".The paper examines the above three projects’ explanatory power on the China’s financial industry listed companies’ stock prices.Third,the empirical analysis.This section is the core part of this article.According to the three assumptions proposed in the article,this paper used the selected samples carry on the descriptive statistics, correlation analysis and regression analysis.there are some differences between the empirical results and the expections,but the comprehensive rusults are able to verify the conclusions of this paper,that is measured in fair valuecan improve the value-relevance.Fourth, research findings and policy recommendations.According to the empirical results got the following conclusions:"Fair value flexible loss and profit" and "Fair value flexible net amount to financial assets available for sale" and "the net financial assets measured at fair value"have the varying degrees of explanatory power to the stock price.Therefore,premise the reliability of the fair value information of financial statement can increase the the financial statements’ information amount.Thus provide a useful accounting information for the financial statements’ users’ investment decision.And then,according to the study results make policy recommendations as well as the limitations of the research.I hope the afters are able to achieve a breakthrough.