政治关联、在职消费与盈余管理

发布时间：2018-05-14 18:39

本文选题：在职消费 + 政治关联　；参考：《广西大学》2014年硕士论文

【摘要】：近年来,上市公司在职消费颇受公众争议,尤其是国有企业奢靡的在职消费更是引起公众的强烈抨击。根据已有文献研究,过度的在职消费是对企业资源的浪费,从而损害企业价值,不利于企业业绩的提高。那么,为了掩盖在职消费对企业绩效的不利影响,高管是否会为此进行盈余管理呢?这是本文研究的主要问题。在此基础上,结合当前上市公司中普遍存在的政治关联现象,本文进一步研究不同政治背景下,在职消费对盈余管理的差异性影响。本文的研究对完善高管薪酬激励机制、抑制企业盈余管理行为、提高企业会计信息质量、保护外部投资者具有一定的理论意义和现实意义。已有相关文献主要关注在职消费对企业绩效的影响,有关在职消费与盈余管理两者间相关关系的研究比较少,且目前的研究普遍忽略在职消费与盈余管理之间的内生性问题,使得研究结论存在一定的片面性,缺乏可靠性。本文回顾了以往研究文献,并分析现有文献的不足,在此基础上提出本文的几点创新：(1)深入研究在职消费对盈余管理的影响；(2)考虑两者间的内生性问题,控制滞后期在职消费对研究结论的影响；(3)创新性地研究不同政治背景下,在职消费与盈余管理的差异性影响。然后,综合分析相关理论基础后构建出本文的研究框架,并以8837家深沪两市A股上市公司的2008——2012年的数据为样本,对本文提出的假设进行实证检验。实证结果发现,从总体上看,上市公司滞后一期和当前期的在职消费均与当期盈余管理显著正相关。将样本分类为国有企业和非国有企业后,研究显示：相比非国有企业,国有企业的在职消费越要,盈余管理程度更高,且不同政治背景下,在职消费对盈余管理的影响存在一定差异：相对政治关联企业,非政治关联企业的在职消费越要,盈余管理程度更高。根据本文的研究结论,分别从企业和政府的角度,提出完善高管薪酬体制、建立健全会计准则制度,强化外部监督,完善薪酬披露制度等建议。
[Abstract]:In recent years, the public debate on public consumption of listed companies, especially the extravagant consumption of state-owned enterprises, has aroused strong public criticism. According to the existing literature, excessive on-the-job consumption is a waste of enterprise resources, which damages the value of enterprises and is not conducive to the improvement of enterprise performance. So, in order to cover up the adverse impact of in-service consumption on corporate performance, will executives do earnings management for this purpose? This is the main problem studied in this paper. On the basis of this, this paper further studies the different influence of in-service consumption on earnings management under different political background, combined with the political connection phenomenon that exists widely in the listed companies at present. The research of this paper has certain theoretical and practical significance to consummate the incentive mechanism of executive compensation, restrain the behavior of enterprise earnings management, improve the quality of enterprise accounting information, and protect external investors. There are some related literatures mainly concerned about the impact of on-the-job consumption on corporate performance. There are few studies on the relationship between in-service consumption and earnings management, and the current research generally ignores the endogenous problem between in-service consumption and earnings management. The conclusion of the study is one-sidedness and lack of reliability. This paper reviews the previous research literatures, and analyzes the shortcomings of the existing ones. On the basis of this, it puts forward several innovations of this paper: 1) deeply studying the effect of active consumption on earnings management. (2) considering the endogenous problem between the two. The influence of controlling late working consumption on the conclusion of the study the difference between active consumption and earnings Management under different political background is studied innovatively. Then, the research frame of this paper is constructed by synthetically analyzing the relevant theoretical basis, and taking the data of 8837 A-share listed companies in Shenzhen and Shanghai stock markets from 2008 to 2012 as a sample, the hypothesis proposed in this paper is tested empirically. The empirical results show that, on the whole, the in-service consumption of listed companies is significantly positively correlated with earnings management in the current period. After classifying the samples into state-owned enterprises and non-state-owned enterprises, the study shows that: compared with non-state-owned enterprises, the more state-owned enterprises on the job consumption, the higher the degree of earnings management, and under different political background, There are some differences in the influence of in-service consumption on earnings management: compared with political affiliated enterprises, the higher the in-service consumption of non-political affiliated enterprises, the higher the degree of earnings management. According to the conclusion of this paper, from the point of view of enterprise and government, this paper puts forward some suggestions, such as perfecting executive compensation system, establishing and perfecting accounting standard system, strengthening external supervision, perfecting compensation disclosure system and so on.
【学位授予单位】：广西大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51;F275;D630.9

【参考文献】