Research On The Correlation Between Fair Value Stratified Measurement And Stock Price

Since the introduction of fair value measurement attributes since the introduction of our country,through years of continuous development,the accounting of our enterprises is of great significance.In recent years,with the continuous development of China's market economy and the rapid development of capital markets and matures,China's financial accounting standards are constantly strengthened with the international financial accounting standards,and gradually achieve "convergence." In the International Financial Reporting Standards,companies are required to make extensive use of fair value,so that they can better disclose the financial accounting report for the major information users.From the development of fair value in China,we can see that the accounting standards in our country emphasize the concept of fair value according to the different situation of enterprises.Therefore,the application of fair value is not widely used abroad.The reasons may be for China's economic development and the development of financial markets is not very perfect,China has not formed as foreign as fully mature active market.Although the introduction of fair value measurement will meet the requirements of enterprise development,but if you do not consider the actual development of enterprises,the fair value is not limited to the application of enterprises,it is likely to lead to the concept of fair value abuse,management profit,Enterprises to provide false financial information and other issues.Therefore,out of the reliability of accounting information,many enterprises in China take the historical cost measurement attributes,compared to the fair value,which has a higher operational.In summary,the enterprise application of fair value isto consider the development of enterprises and the reality of the background.With the continuous development of China's market economy,the public on the corporate standard disclosure of the fair value of the proposed higher and higher requirements,China also issued in 2014,the special accounting standards of fair value.In the guidelines formally defined the concept of fair value,in addition,the standard also provides that the enterprise should be the fair value is divided into three levels,the fair value of the detailed disclosure made a detailed provision.Through China's new fair value accounting standards can be seen,China has further strengthened with the international accounting standards convergence.Based on the combination of theoretical analysis and empirical analysis,this paper uses the price model of the revised residual income valuation model to analyze the overall correlation of the fair value and its relationship with the financial entity listed in Shanghai and Shenzhen A-share 2012-2014 Stratification measurement and the correlation between the stock prices.It is found that there is a significant positive correlation between the stock price of the listed company and the change of the fair value.The change of the fair value change is positively related to the stock price of the listed company.The greater the change of the fair value,the greater the change of the stock price is.The relationship between the different levels of the fair value and the stock is different,the first level of measurement of financial assets and the correlation between the stock price is the highest,and the second and third levels of relevance is not the first level of value related So strong,relatively weak.There is a strong correlation between the financial assets measured at the first level input value and the share price,which indicates that investors are more concerned with the information of the fair value of the first level,and the accounting information provided by the second and third levels of fair value is less linked,Which is mainly related to the reliability of accounting information and the degree of reliability of the asset quotes obtained in the active market.In addition,this paper finds out the problems in the process of fair use in China,and puts forward the related suggestions on these problems,which can make the fair value be better popularized and applied in our country.