企业社会责任与盈余管理:基于中国沪深股市A股制造业上市公司的实证研究

发布时间：2018-03-13 07:43

本文选题：企业社会责任　切入点：应计盈余管理　出处：《中国管理科学》2017年05期 　论文类型：期刊论文

【摘要】：本文以沪深两市A股制造业上市公司为研究对象,基于2012-2014年的面板数据,运用STATA 12探讨企业社会责任对应计和真实盈余管理的不同影响。对于企业社会责任的衡量,本文运用因子分析法构建了我国制造业企业社会责任评价体系,将科技创新、质量安全等纳入评价体系中,将各企业的综合得分作为社会责任的衡量指标;对于应计盈余管理的计量,本文运用修正的琼斯模型;对于真实盈余管理的计量,本文借鉴Roychowdhury的做法将异常的产品成本、经营活动净流量、酌量性费用三部分的综合指标作为真实活动盈余管理的衡量指标。研究结果发现:制造业上市公司会同时进行应计和真实盈余管理两种方式,且企业社会责任与应计盈余管理、真实盈余管理均呈显著的负相关关系,这表明企业履行社会责任是一种道德行为,履行社会责任好的企业,其信息披露更加透明,从而抑制盈余管理行为。此研究结果进一步丰富了企业社会责任与盈余管理的相关研究,对制造业的监管提供了指导性建议。
[Abstract]:Based on the panel data from 2012 to 2014, this paper discusses the different impacts of corporate social responsibility (CSR) and real earnings management on CSR and real earnings management in Shanghai and Shenzhen A-share manufacturing companies, and measures corporate social responsibility (CSR) based on the panel data from 2012-2014. This paper constructs the evaluation system of the social responsibility of manufacturing enterprises in our country by using factor analysis method, including scientific and technological innovation, quality safety and so on, and takes the comprehensive score of each enterprise as the measure index of social responsibility. For the measurement of accrual earnings management, this paper uses the modified Jones model, for the measurement of real earnings management, this paper uses the practice of Roychowdhury to make abnormal product cost, net flow of operating activities, The comprehensive index of three parts of discretionary cost is used as a measure of earnings management in real activities. The results show that listed companies in manufacturing industry carry out both accrual and real earnings management, and corporate social responsibility and accrual earnings management. Real earnings management has a significant negative correlation, which indicates that corporate social responsibility is a kind of moral behavior, good performance of social responsibility enterprises, its information disclosure is more transparent, The results further enrich the research on corporate social responsibility and earnings management, and provide some guidance suggestions for the supervision of manufacturing industry.
【作者单位】：烟台大学经济管理学院;
【基金】：山东省社会科学规划基金青年项目(13DJJJ22)
【分类号】：F270;F406.7;F425;F832.51

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