信息披露盈余管理与企业投资

发布时间：2018-01-14 14:28

本文关键词：信息披露盈余管理与企业投资　出处：《南京信息工程大学》2012年硕士论文　论文类型：学位论文

【摘要】：上市公司的信息披露是影响投资者与上市公司之间信息不对称的重要因素,而信息不对称又进一步的影响着上市公司盈余管理的程度。信息披露质量的提高可以减少投资者与管理者之间存在的信息不对称程度,从而可以降低投资者的投资风险,企业的盈余管理程度也影响着企业的投资规模。本文主要讨论信息披露质量、盈余管理与企业投资之间的关系,从而为控制企业盈余管理行为提供一些可行性建议。本文在借鉴以往关于信息披露、盈余管理与企业投资等研究成果的基础上提出了两个研究假设。信息披露质量同盈余管理之间存在负相关关系,盈余管理与企业投资规模呈正相关关系。我们选取2005年到2009年我国深市上市公司的相关数据进行分析,运用改进的Jones模型来衡量盈余管理指标,对提出的两个假设进行了实证检验。检验结果表明：1、上市公司信息披露质量与其盈余管理程度之间存在负相关关系。上市公司的信息披露质量越高,公司管理层进行盈余管理行为的机会越小。2、盈余管理对企业投资规模有一定的影响,呈显著正相关关系,说明存在盈余管理行为的公司容易导致企业的过度投资行为。可见高质量的会计信息有助于改善企业的投资决策。因此,提高上市公司的信息披露质量,将对抑制企业的盈余管理行为起到积极作用,并有助于提高企业的投资效率。
[Abstract]:Information disclosure of listed companies is an important factor that affects information asymmetry between investors and listed companies. Information asymmetry further affects the degree of earnings management of listed companies. The improvement of information disclosure quality can reduce the degree of information asymmetry between investors and managers. In order to reduce the investment risk of investors, the degree of earnings management also affects the scale of investment. This paper mainly discusses the quality of information disclosure, the relationship between earnings management and enterprise investment. Thus, some feasible suggestions are provided for controlling the earnings management behavior of enterprises. Based on the previous research results on information disclosure, earnings management and enterprise investment, this paper puts forward two hypotheses. There is a negative correlation between the quality of information disclosure and earnings management. There is a positive correlation between earnings management and the scale of enterprise investment. We choose the data of listed companies from 2005 to 2009 to analyze. The improved Jones model is used to measure the earnings management index, and the two hypotheses are tested empirically. The results show that there is a negative correlation between the quality of information disclosure and the degree of earnings management of listed companies. The higher the quality of information disclosure of listed companies. The smaller the chance of earnings management is, the smaller the earnings management has a certain impact on the scale of enterprise investment, there is a significant positive correlation. It can be seen that high quality accounting information is helpful to improve the investment decision of enterprises. Therefore, improve the quality of information disclosure of listed companies. It will play a positive role in restraining the earnings management behavior of enterprises, and will help to improve the investment efficiency of enterprises.
【学位授予单位】：南京信息工程大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F224;F832.51;F233

【相似文献】