Studying On The Impact Of Fair Value On The Usefulness Of Accounting Information Decision

With the development of economy and society,more and more people pay attention to fair value measurement model.Compared with the historical cost measurement,people prefer to support the fair value measurement model.The financial crisis break out in 2008 and fair value measurement is widely criticized.After the application of fair value measurement model,accounting information could help investors to make decisions and improve the value information relevance,which is worthy of study.The study is helpful to enrich fair value theory and usefulness of accounting information decision-making theory,also promote economic development in our country.Firstly,this paper sums up the domestic and foreign research of fair value and accounting information decision usefulness.This paper expounds the concept of fair value and accounting information decision usefulness,also the fair value attribute and other measurement attribute are compared.Secondly,This paper introduces the theoretical basis of the empirical research,the efficient market hypothesis and the decision-making useful view theory,and conducts the empirical research on the basis of three theories.Through summarizing literature review and analyzing relevant theories,the paper puts forward three research assumptions,with shares and stock return rate as the explained variable,with changes in fair value amount as the explained variable,with enterprise scale and the industry as control variables,using the software Stata13.0,the empirical analysis of fair value measurement model and its effect on accounting information content.In the empirical study,the financial reports of Shanghai and Shenzhen a-share listed companies from 2008 to 2016 year were selected as the basic samples.After the selection,the data of the 63 companies were 567.Descriptive statistical analysis,correlation analysis and regression analysis were performed in the three models.The following results are obtained:firstly,the fair value change of "fair value change profit and loss" is negatively correlated with the stock price;Secondly,there is a significant positive correlation between the turnover of financial assets and the stock price of the "other comprehensive income".Thirdly,the change of fair value is positively correlated with stock retum.According to the results of empirical analysis,it is concluded that fair value measurement increases accounting information content and helps investors to make decisions.At Iast,the paper puts forward relevant suggestions from three aspects of regulation,enterprise and market,which contribute to consummate enterprise management,promotes application of fair value measurement model and China's rapid economic growth.