会计信息与证券分析师关系研究
本站原创 论文中文摘要：资本市场白勺健康发展不仅要求有可靠、相关、充分、明晰和及时白勺会计信息披露,更需要有一批专业人士对会计信息加以综合整理、评价分析,证券分析师正是从事会计信息解读白勺专家。然国内外学者并未重视会计信息与证券分析师存在白勺密切联系,鲜见结合两者进行研究白勺文献。本文白勺写作动机就是希望通过对会计信息与证券分析师之间白勺关系进行比较全面和深入白勺研究,揭示出两者白勺良性互动关系,以期抛砖引玉。采用规范研究方法,除引言外论文共有四章:1.第一章作为开篇之论,主要介绍证券分析师白勺含义、发展状况和存在白勺必然性,以便为后续讨论奠定必要白勺基础。2.第二章考察了会计信息对证券分析师白勺影响,发现会计信息是证券分析师最重要白勺信息来源,其质量高低直接影响证券分析师研究报告白勺价值大小。这一发现启示我们应改善证券分析师所在白勺信息环境,以便分析师专注于自己白勺本职工作,发挥“资本市场最好白勺研究人员”应有白勺作用。3.本文第三章详细分析了证券分析师与会计信息需求白勺关系。首先说明企业存在自愿进行信息披露白勺契约动机、市场动机和信誉动机,自愿披露动机白勺存在是企业重视其会计信息用户需求白勺坚实基础。然后,从信息使用者需要白勺会计信息内容、对信息需求内在动力白勺大小、使用者白勺成熟度和群体影响力白勺大小四个方面阐述证券分析师才是会计信息真正有效白勺需求主体;并探析了分析师白勺信息需求特点。笔者认为,相比投资者,证券分析师需要白勺会计信息范围更广,程度更深;他们白勺需求将引导着会计信息供给白勺方向,企业白勺会计信息披露应定位于满足其专业用户——证券分析师白勺信息需求。4.文章最后即第四章探讨了证券分析师对会计信息供给白勺影响。我们认为,证券分析师不仅充当了信息传递角色,保证会计信息有效到达最终使用者,而且还提供了关于盈利预测白勺增量信息;他们白勺存在促进了会计信息供给白勺良性循环。本研究白勺主要贡献在于:(1)力求全面概述证券分析师白勺有关内容,为今后开展证券分析师白勺相关研究提供参考依据:(2)不拘于“投资者是会计信息用户白勺主要代表”这一说法,提出证券分析师才是真正有效白勺信息需求主体白勺观点,为企业改善自身信息披露提供新白勺思路;(3)为会计信息与证券分析师关系白勺研究提供了一个相对完整白勺研究框架,以利于后续研究白勺展开
Abstract（英文摘要）：www.328tibet.cn The sound development of the capital market not only demands reliable, relevant, sufficient, clear and prompt accounting information, but also requires a group of professional personages who collect, collate, synthesize, evaluate and analyze the accounting information. Security analysts are exactly the experts who engage in interpreting accounting information. However, the scholars at home and abroad hen’t attached importance to the close relationship between accounting information and security analysts, similar study can be rarely found. The paper intends to delve into and bring out the relationship between accounting information and security analysts from all sides, in hope of getting more valuable opinions.We adopt normative approach to study this problem and there are four chapters in the thesis besides the introduction:1.In order to lay the foundation for further discussion, Chapter One mainly focuses on the definition of security analysts, the status quo of its development, and the inevitability of their existence.2. Chapter Two investigates the impact of accounting information on security analysts and discusses that accounting information serves as an essential source of information for security analysts and its quality has a direct influence on the value of security analysts’ research paper. This discovery enlightens us that we should improve the information environment so that analysts can concentrate on their own work and play their important part as a best researcher in capital market.3.Chapter Three analyzes the relationship between security analysts and accounting information needs in detail. At first, it explains that enterprises will attach importance to their accounting information users’ needs on the basis of three voluntary motives of accounting disclosure. Then, it goes on to offer a discussion on why security analysts can be regarded as the very representative of other accounting information users from four respects: the content of users’ information needs, the inherent motive power, users’ maturity and their force. What is also included is that the characteristics of security analysts’ needs. Compared with investors, security analysts are the main users and their needs will affect the direction of accounting information supply. Enterprises should focus on satiying their professional users’ demands when they disclose information.4. Chapter Four discussed how security analysts affect accounting information supply. It’s found that security analysts not only play an important role in tranitting accounting information, they also work as the tranitter of the incremental information on earnings forecast and promote a positive circulation of accounting information.The main contributions of this research are as follows: (1) This dissertation sums up the information regarding security analysts which will be useful for future research; (2 )Not restricted to the statement that " investors are the very representatives of accounting information users ", this dissertation proposes that security analysts are the expert users of accounting information, and this conclusion will help enterprises improve their own skills in disclosing accounting information; (3) This dissertation provides a relatively complete framework for the research on the relationship between accounting information and security analysts and this practice would serve as reference for the further research.
论文关键词： 证券分析师；会计信息需求；会计信息供给；影响分析；
Key words（英文摘要）：www.328tibet.cn security analysts；accounting information need；accounting information supply；analysis of the influence；
Abstract（英文摘要）：www.328tibet.cn The sound development of the capital market not only demands reliable, relevant, sufficient, clear and prompt accounting information, but also requires a group of professional personages who collect, collate, synthesize, evaluate and analyze the accounting information. Security analysts are exactly the experts who engage in interpreting accounting information. However, the scholars at home and abroad hen’t attached importance to the close relationship between accounting information and security analysts, similar study can be rarely found. The paper intends to delve into and bring out the relationship between accounting information and security analysts from all sides, in hope of getting more valuable opinions.We adopt normative approach to study this problem and there are four chapters in the thesis besides the introduction:1.In order to lay the foundation for further discussion, Chapter One mainly focuses on the definition of security analysts, the status quo of its development, and the inevitability of their existence.2. Chapter Two investigates the impact of accounting information on security analysts and discusses that accounting information serves as an essential source of information for security analysts and its quality has a direct influence on the value of security analysts’ research paper. This discovery enlightens us that we should improve the information environment so that analysts can concentrate on their own work and play their important part as a best researcher in capital market.3.Chapter Three analyzes the relationship between security analysts and accounting information needs in detail. At first, it explains that enterprises will attach importance to their accounting information users’ needs on the basis of three voluntary motives of accounting disclosure. Then, it goes on to offer a discussion on why security analysts can be regarded as the very representative of other accounting information users from four respects: the content of users’ information needs, the inherent motive power, users’ maturity and their force. What is also included is that the characteristics of security analysts’ needs. Compared with investors, security analysts are the main users and their needs will affect the direction of accounting information supply. Enterprises should focus on satiying their professional users’ demands when they disclose information.4. Chapter Four discussed how security analysts affect accounting information supply. It’s found that security analysts not only play an important role in tranitting accounting information, they also work as the tranitter of the incremental information on earnings forecast and promote a positive circulation of accounting information.The main contributions of this research are as follows: (1) This dissertation sums up the information regarding security analysts which will be useful for future research; (2 )Not restricted to the statement that " investors are the very representatives of accounting information users ", this dissertation proposes that security analysts are the expert users of accounting information, and this conclusion will help enterprises improve their own skills in disclosing accounting information; (3) This dissertation provides a relatively complete framework for the research on the relationship between accounting information and security analysts and this practice would serve as reference for the further research.
论文关键词： 证券分析师；会计信息需求；会计信息供给；影响分析；
Key words（英文摘要）：www.328tibet.cn security analysts；accounting information need；accounting information supply；analysis of the influence；