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实证检验了我国合并-母公司报表中所得税费用的信息含量,以期为CAS 18采用资产负债表债务法的实施效果、财务报表“双重披露制”列报模式的合理性及相关准则改革提供经验证据。研究结果表明,利润表中的所得税费用具有解释年度股票回报的信息含量,包括合并报表、母公司报表和合并-母公司报表差异三种信息。从所得税费用成分来看,合并报表和母公司报表的当期所得税费用对股票回报无信息含量,而递延所得税费用对股票回报有信息含量。进一步地,合并-母公司报表的当期所得税费用差异和递延所得税差异也与当年股票回报显著正相关,合并报表相对于母公司报表对年度股票回报有相对和增量信息含量。
Empirical test the information content of the income tax expense in the merger - parent company statements, with a view to the implementation of the debt method of the balance sheet by CAS 18, the rationality of the presentation of financial statements and “double disclosure system” and the reform of relevant standards Empirical evidence. The results show that the income tax expense in the income statement has the information content to explain the annual stock returns, including the three kinds of information of the consolidated statements, the parent company statements and the merger - the parent company statement differences. In terms of income tax expense components, the current income tax expense of consolidated statements and parent company statements has no information content on stock returns, and deferred income tax costs have information content on stock returns. Further, the current income tax expense differences and deferred income tax differences of the consolidated-parent company statements are also significantly and positively correlated with the current year’s stock returns. The consolidated and relative parent company statements have relative and incremental information content on the annual stock returns.