我国上市公司基于关联交易的盈余管理研究

发布时间：2018-04-11 10:46

本文选题：关联交易 + 盈余管理　；参考：《长安大学》2012年硕士论文

【摘要】：在我国，关联交易普遍存在于上市公司的日常经营活动中，且其交易次数和交易金额呈现出不断增长的趋势。关联交易产生的初衷是为了有效满足企业潜在的经济需要，，降低企业的交易成本和经营风险。但是随着关联交易的发展，由于关联交易具有复杂性和隐蔽性，上市公司与关联方之间经常进行转移资源或业务，关联交易已经逐渐成为了上市公司作为盈余管理的手段。上市公司对关联交易盈余管理的需求增加，其危害越来越大。关联交易盈余管理行为已经导致会计信息不能真实反映公司的经济实力和发展前景，误导投资者，严重损害了中小投资者的利益，危害证券市场优化资源配置功能的发挥。因此，当前研究上市公司关联交易盈余管理问题无疑具有重要的现实意义。本文首先在研究关联交易与盈余管理现状的基础上，对关联交易、盈余管理的基本理论分别进行了阐述，说明关联交易的产生是必然的，并且可能成为上市公司进行盈余管理的手段，在此基础上探讨了关联交易盈余管理的基本概念。其次，分别从内部和外部两个方面分析了上市公司利用关联交易进行盈余管理的动因，并列举了六种主要的手段，分析了我国上市公司利用关联交易进行盈余管理的现状、危害及深层次原因。同时，本文以我国深沪A股为样本通过实证研究检验了我国上市公司普遍利用关联交易进行盈余管理，并且在此基础上得出以下结论：扭亏公司以及资产负债率较高的公司比其他公司更容易利用关联方交易进行盈余管理，而存在配股动机的上市公司的关联交易程度与其他公司相比却并没有显著的差异。最后，根据我国利用关联交易进行盈余管理的现状和实证研究的结果，分别从企业内部建设和企业外部环境出发，提出相应的治理政策，包括完善公司内部治理机制、完善相关准则和监管政策等等，目的在于限制关联交易盈余管理行为，限制控股大股东行为，保护中小股东利益，促使我国证券市场健康稳定的发展。
[Abstract]:In China, related party transactions generally exist in the daily business activities of listed companies, and the number of transactions and the amount of transactions show a growing trend.The original intention of affiliated transaction is to effectively meet the potential economic needs of enterprises and reduce the transaction costs and operating risks.However, with the development of related party transactions, due to the complexity and concealment of related party transactions, listed companies and related parties often transfer resources or business, related party transactions has gradually become a listed company as a means of earnings management.Listed companies have increased demand for earnings management in affiliated transactions, which is becoming more and more harmful.Earnings management in affiliated transactions has led to accounting information that can not truly reflect the economic strength and development prospects of the company, mislead investors, seriously damage the interests of small and medium-sized investors, harm the function of optimizing the allocation of resources in the securities market.Therefore, the current research on earnings management of affiliated transactions of listed companies undoubtedly has important practical significance.On the basis of studying the current situation of related party transactions and earnings management, this paper expounds the basic theories of related party transactions and earnings management respectively, and explains that the emergence of related party transactions is inevitable.And it may become a means of earnings management for listed companies. On this basis, the paper discusses the basic concept of earnings management in related party transactions.Secondly, this paper analyzes the motivation of earnings management in listed companies from internal and external aspects, and lists six main methods, and analyzes the current situation of earnings management by affiliated transactions in Chinese listed companies.Hazards and underlying causes.At the same time, this paper takes Shenzhen and Shanghai A shares as a sample to test the earnings management of listed companies in China through empirical research.On this basis, the following conclusions are drawn: turnaround companies and companies with higher asset-liability ratio are more likely to use related party transactions for earnings management than other companies.However, there is no significant difference in the degree of related party transaction between the listed companies with the motivation of rights issue and other companies.Finally, according to the current situation of earnings management using related party transactions in China and the results of empirical research, starting from the internal construction of enterprises and the external environment of enterprises, the corresponding governance policies are put forward, including the improvement of corporate internal governance mechanism.The aim is to restrict earnings management of affiliated transactions, restrict the behavior of controlling large shareholders, protect the interests of small and medium shareholders, and promote the healthy and stable development of China's securities market.
【学位授予单位】：长安大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224

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