Fair Value Measurement Scope,General Manager Characteristics And Accounting Information Reliability

The quality of accounting information of a listed company determines whether the security market operation is effective and affects the efficiency of the capital market operation.Measurement has a direct impact on the quality of accounting information.With the rapid development of finance,real estate and big data today,fair value measurement has become an indispensable basis for valuation that reflects the essence of the economy.What about the effect of fair value application? Does the scope of its use affect the reliability of accounting information? In addition,the main person in charge of measurement and other accounting behaviors,the general manager,will its characteristics affect the use of the company's fair value? This will be the problem studied and solved in this article.This article selects the data disclosed by China's Shanghai and Shenzhen A-share listed companies from 2014 to 2017 as a research sample.The ratio of the total assets and liabilities measured by the company's actual use of fair value to the industry's general fair value measurement level and the industry's general fair value measurement level ratio As a measure of the fair value measurement range,on this basis,the influence of different fair value measurement ranges on the reliability of accounting information is empirically tested.After that,three adjustment variables including the general manager's risk appetite,the general manager's tenure,and the general manager's education degree are added to explain the main application environmental factors that affect the reliability of accounting information and the impact mechanism of the fair value measurement range.The research results found that the fair value measurement range of listed companies has a negative correlation with the reliability of accounting information.After introducing three adjustment variables: general manager's risk appetite,general manager's tenure,and general manager's education,the research found that the more general managers of listed companies prefer to take risks,the stronger the negative correlation between the fair value measurement range and the reliability of accounting information;The longer the tenure is,the weaker the negative correlation between the fair value measurement range and the reliability of accounting information;the higher the general manager's education of a listed company,the stronger the negative correlation between the fair value measurement range and the reliability of accounting information.The research conclusions of this paper are that the supervisors have firm confidence in the use of fair value,and strengthen the supervision of the effect of fair value application based on the characteristics of the general manager of the enterprise;they have certain guiding significance for the correct appointment of general managers,the fair use of fair value,and the improvement of the quality of accounting information.