The allocation of impairment of assets reserves and the value relevance of the accounting earnings--Based on empirical data of the listed companies to be bad

摘要

In this paper,the value relevance of the accounting earnings before and after the allocation of impairment of asset reserves of the companies that arc to be bad aftet the implement of the new asset impairment accounting criterion is studied and compared by linear regression analysis. Different years of the value relevance of the accounting earnings arc analyzed with random-effect panel data model and stacked regressions. The study shows: in total,the value relevance of the accounting earnings of the listed companies to be bad is enhanced after the allocation of impairment of asset reserves. Meanwhile,this paper also find that the value relevance of accounting earnings of the loss listed companies in the loss year is less than that in profitable year.