宏观经济波动与竞争力对盈余管理的影响研究

发布时间：2018-02-11 09:16

本文关键词： 盈余管理宏观经济波动企业竞争力行业竞争力　出处：《杭州电子科技大学》2017年硕士论文　论文类型：学位论文

【摘要】：盈余管理是管理者为了个人利益最大化,在对外进行信息披露时尽可能反映管理层所期望的盈余水平,从而造成会计信息失真的行为。目前对盈余管理的相关研究主要关注内部的治理机制与盈余管理之间的关系[1],但对企业外部的竞争环境和宏观经济等因素是否影响公司盈余管理方面的研究还较少。因此,本文将对宏观经济波动和外部竞争环境对盈余管理的影响进行研究,以丰富现有的理论研究。宏观经济是由各层面的行业经济组成的,当宏观经济周期性的从繁荣到衰退的变化中,行业经济层面也会出现相似的对应规律[2],行业层面的宏观经济反应体现在企业的具体能力上,如盈利能力等方面。处在不同的经济周期,随着经营环境和供需关系的变化,企业管理者面临不同的压力,因而会出现不同程度的盈余管理动机。而竞争力作为公司治理的替代机制可用于考察外部竞争环境[3],衡量了公司竞争力以及所处行业竞争力。在面临各种的竞争压力时,企业拥有不同的缓冲和应变能力,因此盈利、偿债、发展等能力也都不同,因而管理层的盈余管理动机也受到了不同的影响。在对国内外文献进行梳理的基础上,本文分析了宏观经济波动和外部竞争力对盈余管理的影响。用RENT和HHI来衡量企业在行业内竞争力和所处行业竞争程度,用修正的琼斯模型来计算盈余管理,以2010-2015年度我国A股上市制造业企业和全行业数据为样本实证检验了影响关系。研究表明,宏观经济波动对盈余管理的影响在收缩期时盈余管理程度显著大于扩张期;企业竞争力大小对盈余管理也有显著影响,企业竞争优势越大,盈余管理的水平就越低;行业竞争力对盈余管理有显著影响,企业所处行业竞争力越小,企业盈余管理的程度就会越小。最后依照实证分析得到的结论,提出了一些建议和本文的不足。
[Abstract]:Earnings management is the management to maximize personal interests, in the information disclosed as possible reflect management expected earnings level, resulting in the distortion of accounting information. The related research mainly focus on earnings management of the internal governance mechanism and the relationship between earnings management of [1], but the enterprise external competitive environment and macroeconomic factors such as whether the effect of earnings management is less. Therefore, the competition of macroeconomic fluctuations and external environment on the impact of earnings management research, to enrich the existing theoretical research. The macroscopic economy is composed of all aspects of the industry economy, when the macroeconomic cycle from prosperity to the changes in the economic recession, the industry level will also appear [2] corresponding rules similar to the macroeconomic response of industry level reflected in the specific ability of enterprises, such as Profitability and other aspects. In different economic cycles, with the change of business environment and the relationship between supply and demand, enterprise managers face different pressure, so there will be different levels of earnings management motivation. And competitiveness as an alternative mechanism of corporate governance can be used to study the external competitive environment of [3], to measure the competitiveness of the company and industry competitiveness. In the face of a variety of competitive pressure, enterprises have different buffer and strain capacity, and therefore profits, solvency, development ability are also different, so the management motivation of earnings management is affected by different. Based on literature review, this paper analyzes the impact of macroeconomic volatility and the external competitiveness of earnings management. To measure the competitiveness of enterprises in the industry and the industry in which the degree of competition with RENT and HHI, using the modified Jones model to calculate the earnings management, In the year 2010-2015 China's A shares listed manufacturing enterprises and the whole industry data to test the impact of the empirical relationship. The study shows that the impact of macroeconomic fluctuations on the earnings management in the systolic when the extent of earnings management is significantly greater than the expansion period; the size of the competitiveness of enterprises also have a significant impact on earnings management, enterprise competitive advantage more, earnings management the level is low; industry competitiveness have a significant effect on earnings management, industry competitiveness of enterprises is small, the degree of earnings management will be smaller. Finally according to the empirical analysis conclusion, this paper puts forward some suggestions and shortcomings.

【学位授予单位】：杭州电子科技大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F425;F406.7

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