河北工业科技2018，Vol.35Issue(3)：158-163,6.DOI:10.7535/hbgykj.2018yx03002
上市公司治理结构对信息性盈余管理的影响研究
Study on the influence of corporate governance in Chinese listed companies on informative earnings management
摘要
Abstract
In order to effectively monitor the behavior of stakeholders within the company and reduce the agency cost based on various principal-agent relations,on the basis of the literature of earnings management at home and abroad and assuming that managers of listed companies who have sound corporate governance are more willing to manage information earnings,the influ-ence of corporate governance in Chinese listed companies on information earnings management is empirically studied by con-structing a reasonable and measurable information measure of earnings management and using company quarterly financial data of Shanghai and Shenzhen all A share listed companies from 2014 to 2016.The results show that market supervisors and inves-tors need to pay attention to two different earnings management behaviors:opportunistic earnings management tends to mislead investors,while informative earnings management transfers useful internal information to investors through earnings management.Equity checks and balance play a significant role in promoting earnings management behavior of listed companies because it is necessary to optimize the ownership structure for the management to carry out informative earnings management, form a shareholder balance mechanism with diversified property rights,and achieve a reasonable optimization of the equity structure.The managers of listed companies with sound corporate governance are more willing to manage information earnings. Corporate governance structure has a positive impact on managers'informative earnings management.A sound corporate gov-ernance structure can improve the transparency and surplus information content of financial statements.It is meaningful to guarantee the authenticity and reliability of the financial report and explore the impact of corporate governance on earnings man-agement based on informative earning management.关键词
战略管理/上市公司/治理结构/信息性盈余管理/财务报告Key words
strategic management/quoted company/management structure/informative earnings management/financial report分类
管理科学引用本文复制引用
纪茂利,杨红喜..上市公司治理结构对信息性盈余管理的影响研究[J].河北工业科技,2018,35(3):158-163,6.基金项目
辽宁省经济社会发展研究课题(2018lslktjd-001) （2018lslktjd-001）
