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论文编号：	2332
作者编号：	2120082077
上传时间：	2010/6/8 23:08:53
中文题目：	会计稳健性和债权人保护的实证研究
英文题目：	An Emprical Research on Conservatism and Creditor Protection
指导老师：	周晓苏
中文关键字：	会计稳健性，债权人保护，新会计准则，商业银行自我保护
英文关键字：	accounting conservatism,creditor protection,new accounting standards,commercial bank self-protection
中文摘要：	会计稳健性一直是会计理论和实务界关心的课题，国内外学者对此进行了大量的研究和讨论，在稳健性的起因、计量及经济后果等方面都取得了一定的研究成果。会计稳健性缓解了企业与外部及其内部利益相关者的委托—代理问题，降低了企业与内、外部利益相关者的信息不对称，为保护企业的利益相关者尤其是债权人提供了良好的机制。鉴于债权人在法律和公司治理方面较企业经营者和所有者相比较为弱势的地位，加之受国际金融危机的影响，其自身信贷风险增大，因而研究如何对债权人进行保护，尤其是从会计稳健性角度入手对其进行保护具有相当重要的理论和现实意义。 会计稳健性在我国引入的较晚，1992年颁布的《企业会计准则》才正式引入了稳健性的概念，之后的十几年间，通过会计准则的不断完善和改革，在2007年1月1日实施的新会计准则中，对会计稳健性进行了适度运用，因而新会计准则关于稳健性的相关规定是否会影响其对债权人的保护作用，也是我们关心的问题。 本文在回顾了国内外关于会计稳健性、债权人保护以及两者之间关系的文献后，在理论分析的基础上，从2004-2008年上市公司的数据入手，试图使用直接的方式计量会计稳健性和债权人保护，并考察两者之间的关系，来证明会计稳健性对债权人的保护作用。接下来，本文还分析验证了新会计准则下稳健性对于债权人的保护作用。 通过实证研究，我们发现以经过期初总资产标准化的非经营性应计衡量的会计稳健性与以债务人违约情况衡量的债权人受保护程度之间存在显著的相关关系，同时，在新准则下，这种相关关系依然存在，从而证明了我们之前的假设，即会计稳健性确实可以对债权人起到一定的保护作用，且新准则下这种作用依然存在。 本文最后对债权人利用会计稳健性进行自我保护提出了一些建议，同时也讨论了本研究的局限之处。
英文摘要：	Conservatism is an important issue which earns many interests from the academic and practical world, many scholars both at home and abroad have made numerous researches and discussions on it, so there are some results in the field of the origin, measurement and economic consequence of it. Conservatism relieves the internal and external principal-agency problem and reduce the information asymmetry between enterprises and their stakeholders, which provides a good mechanism to protect the stakeholders especially the creditors. In the meantime, in consideration of the weak status in law and corporate governance,and the huge credit risks brought by the financial crises, creditor protection is an important and meaningful issue for us, especially from the aspect of accounting conservatism. There were not so many years since the introduce of conservatism in China. In 1992, the Enterprise Accounting Standards brought in the conservatism concept, which openned a new era for the perfection and reform of conservatism in Chinese accouting filed. The new accounting standards which was implemented from 2007 did many revisements in the field of conservatism, which demonstrated an appropriate use of it. So the new accounting standards’ impacts on the protective effect of consevatism to creditors is our concern. After literature reviewing on conservatism, creditors’ protection and the relationship of them, and under the foundation of theory analysis, this thesis hopes to test and verify the relationship between conservatism and creditors’ protection by taking annual reports of 2004 to 2008 year of listed companies as research data and establishing a direct equation. Then we also make a research on the impact of the new accounting standards to highlight our conclusions. From the empirical research, we find that there is a strong relationship between the conservatism which is represented by the nonoperation accruls standerized by total assets and creditor protection which is represendted by debtors’ default. And we also find that this relationship also exists after the implement of the new accounting standards. So all these results bear out that conservatism is a good mechanism to protect the crediors. At the end of the thesis, in addition to the conclusion, several suggestions about how the creditors can protect themselves by conservatism are put forward, and limitations of this research are also discussed.
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