财经理论与实践2026，Vol.47Issue(3)：100-109,10.DOI:10.16339/j.cnki.hdxbcjb.2026.03.012
企业风险感知对盈余管理策略的影响研究
A Study on the Impact of Corporate Risk Perception on Earnings Management Strategies
摘要
Abstract
Corporate regulatory inquiry responses contain a high level of discretionary infor-mation and reflect the risk perception of the responding entity.Taking Chinese A-share listed companies from 2013 to 2023 as samples,this paper explores the impact of corporate risk percep-tion on earnings management strategies from the perspective of corporate responses to inquiry let-ters.This study finds that the information content of corporate inquiry responses exhibits a U-shaped relationship with accrual earnings management and an inverted U-shaped relationship with real earnings management.Corporate inquiry responses influence earnings management strategies through the mechanisms of management tone and internal control quality.Heterogeneity analysis shows that firms with political connections,high market value,and high information transparen-cy are more inclined to adopt adjustment strategies based on accrual earnings management.Ac-cordingly,a quality evaluation mechanism for inquiry responses should be introduced to strength-en oversight of the authenticity and completeness of reply information,thereby encouraging en-terprises to improve their information disclosure quality and governance effectiveness.关键词
交易所问询函/盈余管理/风险感知/U形关系Key words
stock exchange inquiry letter/earnings management/risk perception/u-shaped relationship分类
管理科学引用本文复制引用
谭天瑜,喻仪..企业风险感知对盈余管理策略的影响研究[J].财经理论与实践,2026,47(3):100-109,10.基金项目
国家社会科学基金重大项目(21ZDA038) （21ZDA038）
国家自然科学基金面上项目(72174057) （72174057）
国家自然科学基金青年项目(72004061) （72004061）
