The Study About The Impact Of Other Comprehensive Earnings On Earnings Quality And Stock Price Volatility

In 2009,China's ministry of finance issued the "accounting standards interpretation no.3",which emphasized that enterprises should increase the "comprehensive income" and "other comprehensive income" projects when reporting profits,and need to elaborate and elaborate on these contents.As the success of this file is released,it shows that further perfecting the accounting system in China,at the same time of introducing the concept of comprehensive income,also show that Ours accounting system standards are in line with international standards,to the international accounting standards,make our country on the basis of comprehensive income reporting possible for financial reporting is also very good standardizes the accounting information disclosure of listed companies in our country.Set by the financial department of the latest "accounting standards for enterprises no.30-presentation of financial statements(new CAS30)issued in January 2014,the file for the first time in the accounting standards body contains the concept of other comprehensive income,and the full elaboration,mainly on the type of other comprehensive income report and how to distinguish,the information such as detailed rules.However,this requires disclosure of the listed company financial report comprehensive income and other comprehensive income to the company accounting information disclosure into the open,the value of financial information correlation is improved,the last really improve the quality of the company's financial accounting information,whether accord with our country market development needs,are problems which need to be research scholar in-depth exploration and research in China.It is in this context that the research on the impact of the new guidelines on the market.Data are studied in this paper are mainly from 2011 to 2016,the shenzhen stock exchange a-share listed companies to disclose financial reports and open all kinds of financial information,mainly from the two angles to study the reliability,relevance and quality of surplus value surplus explore other comprehensive income in the classification of the impact on earnings quality before and after the presentation,according to the results for the analysis of other comprehensive income in the financial report disclosure is lower and the surplus after the value relevance whether to raise the reliability of quality,and enhance the transparency of accounting information,provide investors with decision-making guidance,limit the earnings management behavior of enterprise itself may take,provide A reference for our country accounting standard setting bodies.In addition,this paper also studies the influence of other comprehensive income classification on stock price volatility,and hopes to draw some conclusions through empirical test.After a series of the empirical analysis,we found that: after other comprehensive income report in the enterprise,the company's earnings management quality is getting better and better,the effective influence on financial information transparency,to a certain extent,make the company's earnings management behavior is restricted,which reduces the enterprise the degree of earnings management;The value correlation of earnings quality is also influenced by other comprehensive income classification in a certain sense.At the same time,it is concluded that the classification of other comprehensive income also reduces the volatility of stock price.