审计延迟对盈余管理的非线性影响——来自中国上市公司的证据

发布时间：2018-01-16 15:10

本文关键词：审计延迟对盈余管理的非线性影响——来自中国上市公司的证据　出处：《投资研究》2014年11期 　论文类型：期刊论文

【摘要】：中国上市公司的年报披露期限是120天,这甚至超过了美国SEC制定的33-8128和33-8644规则生效以前美国上市公司的年报披露期限,意味着中国企业和美国企业相比有更长的年报审计时间。中国上市公司年报披露期限的不同可以为我们研究审计延迟和盈余管理之间的关系提供一个独特的视角。实证结果表明,两者关系依赖于盈余管理的方向:对于盈余管理为正的公司,两者之间存在突增的正相关关系;相反,对于盈余管理为负的公司,两者之间存在着突弱的负相关关系。这种相反的非线性关系可以用审计延迟对盈余管理的两种效应来解释:一个是通过审计师,即审计报表时间越长,盈余管理越低;另一个是通过管理者,即准备报表时间越长,盈余管理越高。对于中国和其它发展中国家来说,本文的实证结果可以为其市场监管主体在加快财务报告披露方面提供有益的参考。
[Abstract]:The annual report disclosure period of listed companies in China is 120 days, which exceeds even the annual report disclosure period of listed companies in the United States before the rules of 33-8128 and 33-8644 formulated by the SEC of the United States came into effect. This means that Chinese companies have a longer time to audit their annual reports than American companies. The difference in the period of disclosure of annual reports of listed companies in China can provide a unique perspective for us to study the relationship between audit delay and earnings management. The empirical results show that. The relationship between them depends on the direction of earnings management: for companies with positive earnings management, there is a sudden positive correlation between them; On the contrary, for companies with negative earnings management. This opposite nonlinear relationship can be explained by two effects of audit delay on earnings management: one is through auditor, that is, the longer the audit statement is. The lower the earnings management; The other is through managers, that is, the longer the reporting time, the higher the earnings management. For China and other developing countries. The empirical results of this paper can provide a useful reference for the market regulators in speeding up the disclosure of financial reports.
【作者单位】：东北财经大学金融学院;
【基金】：辽宁省教育厅人文社科项目(W2012170) 辽宁省社科联项目(2013005) 辽宁省社科规划基金项目(2012182)的阶段性研究成果
【分类号】：F275;F239.4;F276.6
【正文快照】： 一、引言为了给投资者提供更为有效的财务报告,减少上市公司的盈余管理,美国证券交易委员会(SEC)制定了33-8128(2002)和33-8644(2005)规则,将上市公司的年报披露期限由90天分别缩短为60天和75天。然而,中国上市公司的年报披露期限为会计年度结束后的四个月内,大大超过了美国公

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