内部控制、产权性质与盈余管理方式选择——基于2007～2015年A股非金融类上市公司的实证研究

发布时间：2018-10-29 22:49

【摘要】：内部控制规范体系的实施改变了上市公司应计和真实盈余管理的相对成本。以2007~2015年我国A股非金融类上市公司为样本,根据内部控制披露要求的变化,将样本区间分为未要求披露、自愿披露和强制披露三个阶段,并进一步区分产权性质,检验了内部控制规范体系的实施对上市公司盈余管理方式选择的影响。研究发现:内部控制规范体系实施后,上市公司应计盈余管理水平下降,真实盈余管理水平上升;但民营企业真实盈余管理的上升幅度大于国有企业。进一步研究从国有企业真实盈余管理动机的角度解释了这一结果。研究表明,有必要设计新的内外部治理机制以抑制民营企业的真实盈余管理行为。本研究为进一步加强内部控制制度建设提供了一定的政策参考。
[Abstract]:The implementation of internal control standard system has changed the relative cost of accrual and real earnings management of listed companies. According to the change of internal control disclosure requirements, the sample interval is divided into three stages: non-required disclosure, voluntary disclosure and mandatory disclosure, and further differentiates the nature of property rights according to the changes of disclosure requirements of internal control in China's A-share non-financial listed companies from 2007 to 2015. This paper examines the impact of the implementation of the internal control system on the earnings management mode of listed companies. It is found that the level of accrual earnings management of listed companies decreases and the level of real earnings management increases after the implementation of the internal control standard system, but the real earnings management of private enterprises is larger than that of state-owned enterprises. Further study explains this result from the angle of real earnings management motivation of state-owned enterprises. The research shows that it is necessary to design new internal and external governance mechanism to restrain the real earnings management behavior of private enterprises. This research provides a certain policy reference for further strengthening the construction of internal control system.
【作者单位】：武汉理工大学管理学院;
【基金】：国家社科重点项目(项目批准号:15AGL008)的阶段性研究成果
【分类号】：F271;F275

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