Empirical Research Of Chinese Listed Companies Information Content Of Financial Assets In Fair Value Accounting

The fair value of this concept was first proposed and used by the United States, hasbeen nearly a hundred years of history. The United States as an economic power, the role offair value does make economic development more quickly, sometimes also set off a boom inthe fair value of the study. However, after the U.S. subprime mortgage crisis, fair valueaccounting academics began to cause controversy, its foundation-the correlation has alsobeen increasingly questioned. Major reforms since2006, China’s Ministry of Finance willintroduce new fair value accounting standards, but also caused widespread concerndomestic academia. Fair value accounting in recent years has also become a hot topic inacademia, emerging from the study to the theoretical level of empirical research. In thispaper, the main object of study of financial instruments aimed at listed companies in Chinathrough the use of empirical data correlation between the fair value of financial instrumentsmeasured for answers to the financial crisis, the question of the relevance of fair value toprovide clues for the accounting standard setters to provide direct feedback from the capitalmarkets to provide reference and recommendations for the scientific development of thefinancial measure.According to the requirements the Commission〔2006〕No.136document, China’s A-share listed companies in the2006annual report of the differences between the old and newsupplemental disclosure GAAP reconciliation of shareholders’ equity data,2007is officiallyin accordance with the new accounting standards in preparing the financial statements, atthe same time, once in a century financial crisis in2008. In this context, this paper willexamine the themes identified for the study of China’s capital market related issues measuredat fair value. After understanding the fair value of the underlying concepts and theories,such as the pro-cyclical effect, signaling theory, decision-making, such as a useful concept,its mathematical correlation analysis. Select the country from2008to2012A-share listedcompanies as samples, reference pricing model and revenue model predecessors, empiricalresearch. For2008-2012concerning the quantitative analysis of data, on the basis of priceand income model model established on three related assumptions change in fair value oftrading financial assets and financial assets available for sale at fair value changes considered to have increased movements explain the forces, thus testing the relevance offinancial instruments measured at fair value. Finally, suggestions for improvement related tothe current fair value.In this paper, empirical analysis concludes that the support of the conclusions ofprevious research and extension support fair value measurement correlation. The fair valuehas its inherent advantages, however, over-touted big hit or not to use the fair value of theprocess wise. Select and use scientific methods party is good policy measure...