公允价值会计顺周期性传导机制分析

在对金融危机分析和指责声中,公允价值会计顺周期性遭到广泛的批评,金融学家认为公允价值会计的顺周期性是此次危机的加剧因素,向市场传递了不稳定因子。基于此,文章分析了放大公允价值会计顺周期性的传导机制。研究表明：公允价值会计本身具有的顺周期性不足以引起市场大的波动,原因在于外在的传导机制把这种顺周期性放大,二者的结合使市场波动加剧,使公允价值会计遭到前所未有的批评和指责。

Research of Fair Value Periodicity of the Conduction Mechanism

In the financial crisis and the noise of the accused, the pro-cyclicality of fair value became the focus of attention. Financiers thought that the pro-cyclicality of fair value amplied the financial crisis.This paper summarizes the fair value accounting pro-cyclicality of the conduction mechanism. We find that fair value accounting pro-cyclicality is not enough to cause the market fluctuations, because these external transmission mechanisms amplify the periodicity, the combination of both amplifies the effect of the market fluctuation.