基于面板数据的中国上市公司盈余管理的测度  

To Measure Chinese Iisted Corporations′earnings Management on Panel Data

作　　者：俞向前[1] 刘新梅[1] 万威武[1] 

机构地区：[1]西安交通大学管理学院,陕西西安710049

出　　处：《西北大学学报（哲学社会科学版）》2006年第6期61-65,共5页Journal of Northwest University：Philosophy and Social Sciences Edition

摘　　要：通过构建盈余管理测度模型,以2001年至2005年的866家中国上市公司为样本,采用综合时间序列和横截面的面板数据的计量方法测度了样本的盈余管理程度,结果发现,上市公司均存在不同程度的盈余管理,个别公司盈余管理程度较高。Jones model was used to measure earnings management generally. The estimated efficiency is not high enough because there are hot sufficient samples of time series. Although the cross sections have large samples, they use yearly average accrual return as benchmark of estimation, and hypotheses that there is not earnings management in the year. This method overlooks the change with time about discretionary average accrual return. So, the paper builds a more creditable model of earnings management measure. The samples are 866 Chinese listed corporations from 2001 to 2005. The econometric analysis of panel data is employed. The conclusion is that there are earnings management in Chinese listed corporations and a small number of corporations have a high-level earnings management system.

关 键 词：上市公司 盈余管理 测度 面板数据 

分 类 号：F831.5[经济管理—金融学]