独立董事声誉与盈余质量——会计专业独董的视角

发布时间：2018-05-09 10:51

本文选题：公司治理 + 独董声誉　；参考：《管理世界》2016年03期

【摘要】：本文研究中国上市公司独立董事声誉对盈余质量的影响。本文以2007~2012年我国民营上市企业为样本,从会计专业独董的视角研究独立董事声誉对盈余质量的影响。研究发现,会计专业独董的声誉对企业盈余质量有着显著的正向影响,并且这种影响在受聘于大股东掏空严重、低市场化进程地区企业和担任审计委员会主席的高声誉会计专业独董上更为明显。本文的结论在使用不同的盈余质量度量方式、不同的独董声誉度量方式、控制了内生性因素后依然成立。本文的结果表明,高声誉的会计专业独董能积极发挥治理作用,提高盈余质量。本文为独立董事声誉的研究提供了一个新的视角,即声誉机制能激励独立董事维持其独立性,提高公司的会计信息披露质量,从而保护中小股东利益,这对于当前我国不够完善的投资者法律保护体系以及公司治理机制是一种有效的补充。
[Abstract]:This paper studies the influence of independent director reputation on earnings quality of listed companies in China. Based on the sample of private listed enterprises in China from 2007 to 2012, this paper studies the influence of independent director's reputation on earnings quality from the perspective of independent director of accounting specialty. The study found that the reputation of the sole director of the accounting profession has a significant positive impact on the earnings quality of enterprises, and this impact is serious when employed by large shareholders. Low-market process area enterprises and audit committee chairman of the high reputation of the accounting profession is more obvious. The conclusion of this paper is still true after controlling the endogenous factors by using different methods of earnings quality measurement and different methods of reputation measurement of sole Dong. The results of this paper show that the highly reputable accounting chief executive can play an active role in governance and improve earnings quality. This paper provides a new perspective for the study of the reputation of independent directors, that is, the reputation mechanism can encourage independent directors to maintain their independence, improve the quality of accounting information disclosure, and thus protect the interests of minority shareholders. This is an effective supplement to the current imperfect investor legal protection system and corporate governance mechanism in China.
【作者单位】：复旦大学管理学院;
【基金】：国家自然科学基金项目(71372118) 复旦大学金融研究中心的资助
【分类号】：F271;F275

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