新会计准则影响中国上市公司的盈余管理吗?  

Does the New Accounting Standard Affect Earnings Management of China’s Listed Companies

作　　者：吴克平[1] 于富生[1] 黎来芳[1] 

机构地区：[1]中国人民大学商学院,100872

出　　处：《上海经济研究》2013年第8期51-67,共17页Shanghai Journal of Economics

基　　金：中国人民大学科学研究基金项目(13XNH175);教育部人文社科基金项目(09YJA790195);国家自然科学基金项目(71002097)资助

摘　　要：盈余管理一直是西方国家研究资本市场的热门话题。经过将近30的西方学者们的辛勤研究已取得了丰硕的成果。在我国,由于证券市场欠发达,对于盈余管理的研究还处于起步阶段。公允价值计量的引用是新会计准则的一大亮点,但对上市公司的盈余管理行为也产生了一定的影响。目前关于新会计准则对上市公司盈余管理影响的争论比较激烈,形成了两派对立的观点即新会计准则缩小了盈余管理的空间与新会计准则扩大了盈余管理的空间。众所周知,上市公司的盈余管理受各种因素的影响,并不是通过一次会计准则的制定就能有效遏制上市公司的盈余管理。若频繁变动会计准则将会加大制度执行成本。同时,会计准则制定得再好,若执行得不好,那也不可能达到理想的预期效果。我国的新会计准则虽然在一定程度上能够遏制上市公司的盈余管理,但也存在诸多隐患,为上市公司的盈余管理提供了一定的空间。总之,会计准则与盈余管理之间是一对永久的博弈,俗话说上有政策、下有对策,所以从理论上看本文认为新会计准则并没有达到预期效果。故本文从实证的角度运用西方国家比较成熟的修正的琼斯盈余管理计量模型并加以改进,收集上市公司的相关财务数据资料,首先,从总体上对新会计准则对盈余管理的影响进行研究以揭开这一谜底即新会计准则并未显著遏制上市公司的盈余管理;然后,借鉴修正的DD模型的思想构建一个新的模型以检测具体会计准则相关因素尤其是公允价值变动损益、资产减值损失对上市公司盈余管理的影响;最后,根据实证结果并结合盈余管理的理论分析,为今后更好地完善会计准则从而进一步遏制盈余管理提出若干建议。Earnings management has been a hot topic about capital market study in Western countries. After nearly thirty years of hard research, western scholars have achieved fruitful results. In our country stock market is underdevelopment, the research of earnings management is still at the initial stage. The application of fair value measurement is a major bright spot in new accounting standards. However, it brings about certain impact on earnings management of listed companies. At present, china has a more heated debate on the new accounting standards affect earnings management of listed companies and has two contrary views： the new accounting standards reduce the space for earnings management and the new accounting standards expand the space for earnings management. It is well known that listed company of earnings management is subject to various factors. It can not effectively curbs earnings management of listed companies by the formulation of accounting standards only once. If the frequent changes in accounting standards, it will increase the system cost of implementation. At the same time, the formulation of accounting standards do not hesitate in respect of an immediate thing, we can not stop earnings management motivation through the development of accounting standards. No matter how good of accounting Standards, if it is not executed well, we can not achieve the desired results. In addition, although the current accounting standards may be theoretically curb earnings management motives, but there are many hidden dangers. It provides a certain amount of space for the earnings management of listed companies. In short, the accounting rules and earnings management is a pair of permanent game, as it says going, there are measures under the policy, so in theory the new accounting standards can not achieve the desired results. In view of this, from empirical research perspective, this dissertation adopts more mature Jones amendment earnings management measurement mode in western countries and collects financial data

关 键 词：新会计准则 公允价值 盈余管理 治理对策 

分 类 号：F230[经济管理—会计学]