The Impact Of Accounting Information Content Of Fair Value Measurement On China's Shipping Companies Listed

On the eve of 2014 Spring Festival,China's corporate accounting standards system ushers a new member-"Accounting Standard for Business Enterprises No.39-Fair Value Measurement"(CAS39),which specifics the definition of fair value,clears fair value measurement method and level,puts forward the concept of measurement unit,and makes specific requirements of the disclosure of relevant information of fair value.Based on the characteristics of fair value itself,the renewal of the standard and the rise of shipping finance,this paper studies the accounting information content of listed companies under fair value measurement by using the combination of normative research and empirical research.In the normative research,taking domestic and foreign accounting standards as a clue,focusing on the correlation between fair value measurement and stock value,and the hierarchical theory,this paper reviews and comments on domestic and foreign literature through the subdivision of non-financial instruments and financial instruments,normative research and empirical research,empirical research methods(incremental correlation Sexual research,comparative relevance research,event research method).In the empirical study,with the 2014-2016 annual reports and semi-annual reports of port shipping companies listed in Shanghai and Shenzhen A-shares,this paper presents three assumptions,modifies Feltham&Ohlson price model,and does descriptive analysis,correlation test,regression analysis on the samples.Finally,the some research conclusions are drawn.Finally,this paper puts forward some policy recommendations from the government,enterprises,intermediaries on how to make good use of fair value to enhance the transparency of accounting information and decision-making relevance.