| 合并商誉的价值相关性研究——基于A股上市公司2007—2010年的数据分析 |
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| 引用本文： | 胡燕,张新妍,纪若雷.合并商誉的价值相关性研究——基于A股上市公司2007—2010年的数据分析[J].北京工商大学学报(社会科学版),2012,27(5). |
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| 作者姓名： | 胡燕 张新妍 纪若雷 |
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| 作者单位： | 1. 北京工商大学 商学院,北京,100048
2. 呼伦贝尔学院,内蒙古海拉尔,021008 |
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| 基金项目： | 北京市教育委员会科研基地—科技创新平台—跨国资本运营与会计准则趋同研究基地 |
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| 摘 要： | 基于2007—2010年持有商誉的A股上市公司数据,采用实证研究的方法,检验了合并商誉与企业盈利能力和股价的相关性。实证研究结果表明,我国上市公司确认的合并商誉资产与企业盈利能力和股价显著正相关,说明我国财务报表披露的合并商誉信息为投资者提供了决策相关信息,具有较高信息含量,体现了其超额收益的本质。
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| 关 键 词： | 商誉 盈利能力 价值相关性 |
A Study on Value-Relevance of Consolidated Goodwill Based on the Data of A-share Listed Companies from 2007 to 2009 |
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| Hu Yan
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Zhang Xin-yan
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Ji Ruo-lei.A Study on Value-Relevance of Consolidated Goodwill Based on the Data of A-share Listed Companies from 2007 to 2009[J].Journal of Beijing Technology and Business University:Social Science,2012,27(5). |
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| Authors: | Hu Yan Zhang Xin-yan Ji Ruo-lei |
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| Abstract: | With the empirical research method,this paper examines the value relevance of consolidated goodwill on the profitability and stock prices based on the data of the A-share listed companies with goodwill from 2007 to 2010.The empirical result shows that consolidated goodwill has a significantly positive correlation with profitability and stock prices.This illustrates that the consolidated goodwill information disclosed by China's financial statements can provide the related information for investors' decision-making.The consolidated goodwill is informative in content and reflects its essence of excess returns. |
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| Keywords: | goodwill profitability value relevance |
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