创业板上市公司盈余管理与会计信息质量的实证研究

发布时间：2018-01-12 06:11

本文关键词：创业板上市公司盈余管理与会计信息质量的实证研究　出处：《四川师范大学》2017年硕士论文　论文类型：学位论文

【摘要】：2009年10月,我国为促进中小企业发展、推进科技自主创新、促进产业结构升级,建立了新型中小企业的创业版,创业板的健康发展对我国经济发展具有重要意义。由于创业板发行管理办法对在此板上市的企业设置了最低盈利标准,诸多企业为了获取稀缺的上市资格,实现大量融资等目的,大都存在运用财务手段操控盈余的管理动机,而且实施盈余管理给企业带来的正面效应也使公司管理者尝到了甜头,因此目前越来越多的公司倾向于采用盈余管理而非从改善企业实际经营情况来调整公司实际盈利水平,如ST上市公司及创业板上市公司。前者出于急需摘帽的目的会加大对盈余的调整和管理,后者出于是初创企业,资金受限,经营风险大融资困难等原因而加大盈余管理力度。盈余管理的实施对会计信息质量造成了很大影响,只有高质量的会计信息才能对企业的真实经营状况如实反映以及供投资者进行相关决策时参考。过度使用盈余管理不但降低会计信息质量,威胁企业的长期发展损害企业相关利益者的权益,更是使得整个资本市场的发展处于亚健康状态。与西方发达国家相比,我国特殊的社会制度使得上市公司的最终控制人即公司的产权属性不同。上市公司的产权属性可能属于中央控股或各级地方政府控股即国有性质,也可能属于非国有性质,因此控股股东的不同身份对其行使职权的激励效果有明显差异。对此本文加入产权属性这一变量来研究创业板上市公司的不同产权属性对其盈余管理与会计信息质量关系的影响具有重大的理论与现实意义。在研究中,本文结合使用规范分析法和实证分析法。首先对盈余管理和会计信息质量的研究现状做简单介绍,其次分析创业板的基本情况、盈余管理与会计信息质量的理论分析及创业板存在的相应问题。并在相关理论的指导下,以创业板上市公司为样本对盈余管理与会计信息质量的相关性进行描述性统计,相关性分析和回归分析。实证结果表明盈余管理与会计信息质量负相关,与此同时加入产权属性这一变量进行分析研究。研究发现与非国有企业相比,国有企业的产权属性在一定程度上加强了上市公司盈余管理与会计信息质量的负相关程度。文章针对研究结果,结合我国创业板市场的实际发展情况,提出规范盈余管理提高相关会计信息质量的意见和建议,最后提出研究不足和展望,以供相关学者参考。
[Abstract]:In October 2009, in order to promote the development of small and medium-sized enterprises, promote independent innovation in science and technology, promote the upgrading of industrial structure, China established a new version of small and medium-sized enterprises. The healthy development of the gem is of great significance to the economic development of our country. Because the gem issue management measures set the minimum profit standard for the enterprises listed on the board, many enterprises in order to obtain the scarce qualification for listing. To achieve a large number of financing purposes, most of them use financial means to control earnings management motivation, and the implementation of earnings management on the positive effects of corporate managers have also tasted the sweet. Therefore, at present, more and more companies tend to adopt earnings management instead of improving the actual operating conditions to adjust the actual profit level of the company. For example, St listed companies and gem listed companies. The former will increase the adjustment and management of earnings for the purpose of urgent need to remove caps, while the latter is a start-up company, so the capital is limited. The implementation of earnings management has a great impact on the quality of accounting information. Only high quality accounting information can reflect the true business situation of enterprises and provide investors with reference when making relevant decisions. Excessive use of earnings management not only reduces the quality of accounting information. Threatening the long-term development of enterprises to damage the rights and interests of the relevant interests of enterprises, but also make the development of the entire capital market in a sub-healthy state, compared with the Western developed countries. The special social system of our country makes the ultimate controller of the listed company, that is, the property right attribute of the company is different. The property right attribute of the listed company may belong to the property right of the central holding or the local government holding at all levels, that is, the state-owned nature. It may also be of a non-state nature. Therefore, there are obvious differences in the incentive effect of controlling shareholders' different identities on the exercise of their functions and powers. In this paper, the variable of property right attribute is added to study the earnings management and accounting information of listed companies in gem. The influence of quality relationship is of great theoretical and practical significance. This paper combines normative analysis and empirical analysis. Firstly, it introduces the research status of earnings management and accounting information quality, and then analyzes the basic situation of gem. The theoretical analysis of earnings management and accounting information quality and the corresponding problems in gem. The correlation between earnings management and accounting information quality is analyzed by descriptive statistics, correlation analysis and regression analysis. The empirical results show that earnings management is negatively correlated with accounting information quality. At the same time, the property right attribute is added to analyze and research. The research found that compared with the non-state-owned enterprises. To a certain extent, the property attributes of state-owned enterprises strengthen the negative correlation between earnings management and accounting information quality of listed companies. According to the research results, combined with the actual development of the gem market in China. This paper puts forward some suggestions and suggestions on standardizing earnings management to improve the quality of accounting information. Finally, it puts forward the research deficiencies and prospects for the reference of relevant scholars.
【学位授予单位】：四川师范大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F275

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