The Study On The Economic Consequences Of Consolidated Accounting Standards Implementation

With the economic development, the fierce competition in the market, to achieve the goal of operational effectiveness and combat road, enterprise adopt a variety of ways to expand business scale、improve enterprise core technology, the most important one of which is a business combination. Thus the study of issues related to the business combination is becoming more and more important. Merger accounting standards, the economic consequences for the study of objects, on the basis of the research results at home and abroad, defined business combination with the economic consequences of, combine merge theory and economic consequences of the theory at the same time, theoretical analysis on the results achieved in the implementation of merger accounting standards and the problems. From the point of view of the economic consequences, were made from the theoretical and empirical analysis and verification. In the theoretical analysis of the economic consequences of compared the impact of the information generated in the consolidation method of the enterprise as well as other stakeholders, thus pave the way for the proposed research hypothesis of positive law. Empirical test of the economic consequences of the use of the two accounting methods, event study method and associated method, empirical analysis and verification of the implementation of the economic consequences of merger accounting standards. Firstly, through the use of event study methodology, stock price impact that the implementation of two methods from the inspection merger accounting standards, two methods have a certain market reflect, in the combined window period before both have the same significant, merge window period after they have differences, and its significantly higher. In other words, the two methods have the more obvious economic consequences. Secondly, through association studies law in the use of the price model, stock prices and financial indicators from inspection merger accounting standards implementation regression analysis to know, enterprise value using the equity method under the same control and under common control business combination using the purchase method of enterprise value different, it also brings different economic consequences.Finally, based on theoretical and empirical conclusions, as well as in the current national conditions under, combination of different economic consequences brought about by the combined approach, put forward a reasonable proposal for the implementation of the two methods consummate the merger accounting standards as well as the outlook for the future development trends, and provide a reference for the revision of the merger guidelines, but also for the implementation of the economic consequences of merger guidelines the evaluation provides the basis.