本文系统地介绍和评论了会计应计异象的理论和经验研究,应计异象的存在性以及应计异象的解释:应计计量观、净经营资产增长观、风险溢价和资产定价模型误设观及高估权益的代理成本观,探讨了会计应计异象与其他金融异象之间的联系,并提出了会计应计异象领域未来的研究方向。 This article systematically introduces and comments on the theory and experience of accounting accruals, the existence of accruals and the explanation of accrued anomalies: accruals, growth of net operating assets, risk premiums and asset pricing models Misunderstanding and overestimation of the rights and interests of agency costs, explores the relationship between accounting and other financial anomalies, and proposes future research directions in the field of accounting accruals.