Research On The Impact Of Fair Value Measurement On The Performance Of Listed Banks

Under the market economy environment,the performance is the goal which the manager unremitting pursues.Enterprise performance reflects how the enterprise,as a main body in the market environment,efficiently acquires resources,effectively uses resources and realizes enterprise value.Good enterprise performance will inevitably promote the further development of the enterprise,stakeholders also unremitting pursuit of corporate performance.The causes of good performance are complex,and scholars have studied it from different angles.From the perspective of accounting,the information that stakeholders expect to obtain is of high quality.The emergence of fair value measurement model can effectively meet the needs of stakeholders.This paper summarizes the characteristics of fair value,and introduces the performance of listed banks and enterprises.The necessity of fair value measurement is analyzed theoretically based on the hypothesis of efficient market,the theory of usefulness decision and the view of total income.The use of assets,liabilities and profits and losses measured by fair value in listed banks is analyzed to determine the choice preference and application degree of fair value measurement by listed companies.Through literature review and related theoretical basis,this paper probes into the relationship between fair value and enterprise decision-making usefulness and performance,and puts forward the hypothesis and research model of this paper.This paper selects 15 A-share listed banks in Shenzhen and Shanghai stock markets adopting fair value measurement from 2010 to 2016 as study samples,empirically analyzes the influence of fair value measurement on corporate performance.According to the empirical result,we find that fair value measurement improve decision usefulness and has remarkably positive influence on firm performance.The market reacted positively to changes in fair value of assets or liabilities.The correlation between fair value measurement and performance of listed banks is positive.The results of this study provide empirical data for the study of the impact of fair value on the performance of listed companies.