会计准则变革对企业资源配置效率的影响研究

摘要

资源配置效率是我国经济改革关注的焦点。基于会计准则变革的制度背景，利用2004~2013年 A 股非金融类上市公司数据，从微观视角研究会计准则变革前后企业资源配置效率的变化，并进一步从产权性质、所在地区域的视角深入剖析企业资源配置效率对会计准则变革的反应程度；从投资效率和融资效率两方面解释资源配置效率，结果表明：会计准则变革优化了企业资源配置效率，投资效率优于融资效率；会计准则变革后，国有企业的资源配置效率改善程度低于非国有企业；会计准则变革改善了区域资源配置效率，东部地区企业资源配置效率高于非东部地区。%Resource allocation efficiency is the focus of China's economic reform.Based on the system background of the reform of Accounting Standards,this article Uses the summary data of China's A-share Non-financial listed companies from 2004 to 2013,examining the change of the resource allocation efficiency before and after the reform of Accounting Standards from the micro-cosmic perspective.Through further in-depth analysis,this article examines the reaction degree of enterprises on the reform of Accounting Standards from the perspective of property rights and local area.From the investment efficiency and financing efficiency to explain resource allocation efficiency.The results show that:(1)after the reform of Accounting Standards,the enterprises' resource allocation efficiency have improved as a whole and investment efficiency has outper-formed financing efficiency;(2)the improved degree of the resource allocation efficiency of state-owned enterprises are lower than non-state-owned enterprises,and state-owned property weakens the resource allocation efficiency;and (3)the reform of Accounting standards have improved re-gional resource allocation efficiency,the eastern area resource allocation efficiency being higher than the non-eastern area.