摘要
非经常性损益是我国上市公司操纵利润的一个重要手段。为了有效遏制这一现象,中国证监会要求上市公司从1999年报起增加披露"扣除非经常性损益后的净利润"指标。对上海证券交易所上市公司的实证研究表明,扣除非经常性损益后的每股收益指标含有每股收益指标之外的增量信息。这说明扣除非经常性损益后的每股收益指标能够为投资者提供有用的信息。
Extraordinary earnings tend to be used to manipulate profits by listed companies. In order to restrain such a tendency, CSRC required all listed companies to reveal their profits after deduction of extraordinary earnings, starting from the annual report of the year 1999. Through studying the annual reports of some listed companies in Shanghai Stock Exchange, it is argued that the EPS which excludes extraordinary earnings does provide some incremental information to the market. It can be said that the EPS which excludes extraordinary earnings is informative to investors.
出处
《厦门大学学报（哲学社会科学版）》
CSSCI
北大核心
2003年第2期114-121,共8页
Journal of Xiamen University(A Bimonthly for Studies in Arts & Social Sciences)
关键词
非经常性损益
信息含量
市场反应
extraordinary earnings, information content, market reaction
