会计专业独董的兼职席位、事务所经历与真实盈余管理

发布时间：2018-03-31 07:39

本文选题：会计专业独董　切入点：真实盈余管理　出处：《管理科学》2017年04期

【摘要】：自独立董事制度确立以来,理论界和实务界都非常关注独立董事个体特征在完善公司治理中扮演的重要角色。鉴于独立董事多席位的现象在中国资本市场中普遍存在,以及具有事务所经历的专业人士已成为上市公司选聘会计专业独董的重要来源,考察会计专业独董的兼职席位和事务所经历特征在公司治理中的作用具有重要的理论价值和现实意义。以2009年至2014年中国A股上市公司为研究样本,采用STATA软件以及控制行业和年度固定效应的OLS回归分析方法,结合独立董事的声誉假说,探讨会计专业独董的兼职席位、事务所经历会计专业独董的兼职席位与企业真实盈余管理行为之间的关系。在此基础上,进一步分析产权性质、股权集中度和事务所关联等因素对上述关系的影响。实证结果表明,会计专业独董兼职席位数越多,其所在公司的真实盈余管理程度越低,当具有事务所经历的会计专业独董兼职席位越多时,公司真实盈余管理程度进一步降低;进一步分析还发现,当公司产权性质为非国有企业、股权集中度较低以及事务所经历会计专业独董与公司所聘任的主审会计师事务所不存在关联关系时,事务所经历会计专业独董的兼职席位对真实盈余管理行为的抑制作用更加明显。研究结论不仅验证了独立董事的声誉假说,还发现产权性质、股权集中度和事务所关联等因素会影响会计专业独董有效履职,拓展了独立董事个体特征和真实盈余管理的相关经验研究;同时,研究结论还为监管层完善监管机制、上市公司会计专业独董的选聘和主审会计师事务所的聘用提供决策参考依据。
[Abstract]:Since the establishment of the independent director system, both theorists and practitioners have paid close attention to the important role played by the individual characteristics of independent directors in the improvement of corporate governance.In view of the fact that the phenomenon of multiple seats of independent directors is prevalent in the Chinese capital market and that professionals with firm experience have become an important source of independent directors in accounting for listed companies,It is of great theoretical and practical significance to investigate the role of the part-time seats and the experience characteristics of accounting directors in corporate governance.Taking Chinese A-share listed companies from 2009 to 2014 as the research sample, using STATA software and OLS regression analysis to control industry and annual fixed effects, and combining the reputation hypothesis of independent directors, this paper discusses the part-time seats of accounting directors.The relationship between a firm's experience of a part-time position in accounting major and the real earnings management behavior of an enterprise.On this basis, this paper further analyzes the influence of the property right, ownership concentration and the relationship between the firm and the firm.The empirical results show that the higher the number of single board seats, the lower the real earnings management degree of the company, and the lower the real earnings management degree of the company is when there are more part-time seats in the accounting profession.It is also found that when the property right of the company is a non-state-owned enterprise, the degree of ownership concentration is low, and there is no relationship between the firm's independent director of accounting major and the audit firm appointed by the company.The real earnings management behavior is inhibited more obviously by the part-time seats experienced by accounting professionals.The conclusion not only verifies the independent director's reputation hypothesis, but also finds that the property right, ownership concentration and firm association influence the effective performance of accounting director.It expands the research on the individual characteristics of independent directors and the real earnings management, and at the same time, the conclusion of the study also improves the supervision mechanism for the supervisory level.The selection and appointment of independent director of accounting major of listed companies and the employment of audit firms provide the basis for decision-making.
【作者单位】：西南财经大学会计学院;重庆三峡银行资金运营总部;西安财经学院中国(西安)丝绸之路研究院;
【基金】：国家自然科学基金(71272246)~~
【分类号】：F271;F275;F832.51

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