摘 要
随着经济全球化和资本市场的快速发展，会计信息质量对企业价值评估的重要性日益凸显。本研究旨在探讨会计信息质量与企业价值评估之间的相关性，以期为企业管理、投资者决策及监管政策提供理论依据。基于此目的，本文选取2010 - 2020年沪深两市A股上市公司为样本，运用因子分析法构建会计信息质量综合评价指标体系，从可靠性、相关性、可比性等多维度衡量会计信息质量，并采用多元线性回归模型进行实证检验。研究结果表明，会计信息质量与企业价值呈显著正相关关系，高质量的会计信息披露有助于提升企业的市场价值。进一步分析发现，不同维度的会计信息质量对不同类型企业价值的影响存在差异，例如，对于高新技术企业而言，会计信息的相关性对其价值影响更为明显；而对于传统制造业企业，可靠性则更为关键。此外，本研究还创新性地引入了内部控制质量作为调节变量，发现其在会计信息质量与企业价值之间起到正向调节作用，即良好的内部控制能够强化会计信息质量对企业价值的积极影响。这一结论不仅丰富了会计信息质量与企业价值关系的研究成果，也为企业管理者优化会计信息披露策略、提高企业价值提供了新的思路，同时为监管部门完善会计准则和信息披露制度提供了参考。
关键词：会计信息质量；企业价值评估；内部控制质量；因子分析法；多元线性回归模型
Abstract
With the rapid development of economic globalization and capital markets, the importance of accounting information quality in enterprise value assessment has become increasingly prominent. This study aims to investigate the correlation between accounting information quality and enterprise value assessment, providing theoretical support for corporate management, investor decision-making, and regulatory policies. To achieve this ob jective, this paper selects A-share listed companies in the Shanghai and Shenzhen stock markets from 2010 to 2020 as samples, employing factor analysis to construct a comprehensive evaluation index system for accounting information quality. This system measures accounting information quality from multiple dimensions including reliability, relevance, and comparability, and uses a multiple linear regression model for empirical testing. The results indicate a significantly positive correlation between accounting information quality and enterprise value, suggesting that high-quality accounting information disclosure can enhance market value. Further analysis reveals that the impact of different dimensions of accounting information quality on enterprise value varies across different types of enterprises; for instance, relevance is more influential for high-tech enterprises, while reliability is more critical for traditional manufacturing enterprises. Additionally, this study innovatively introduces internal control quality as a moderating variable, finding that it plays a positive moderating role between accounting information quality and enterprise value, meaning that good internal controls can strengthen the positive impact of accounting information quality on enterprise value. This conclusion not only enriches the research on the relationship between accounting information quality and enterprise value but also provides new insights for managers to optimize accounting information disclosure strategies and improve enterprise value, while offering references for regulators to refine accounting standards and disclosure regulations.
Keywords：Accounting Information Quality；Enterprise Value Assessment；Internal Control Quality；Factor Analysis Method；Multiple Linear Regression Model
目 录
Abstract II
引 言 1
第一章 会计信息质量的内涵与评估 2
1.1 会计信息质量的定义与特征 2
1.2 会计信息质量的评估指标体系 2
1.3 会计信息质量的影响因素分析 3
第二章 企业价值评估的基本理论 5
2.1 企业价值评估的概念与意义 5
2.2 企业价值评估的主要方法 5
2.3 企业价值评估的影响因素 6
第三章 会计信息质量对企业价值评估的影响机制 8
3.1 会计信息质量对财务报表的影响 8
3.2 会计信息质量对市场反应的影响 8
3.3 会计信息质量对投资决策的影响 9
第四章 实证研究：会计信息质量与企业价值评估的相关性 11
4.1 研究假设与样本选择 11
4.2 数据来源与变量定义 11
4.3 实证结果与分析讨论 12
结 论 14
参考文献 15
致 谢 16
