盈余反应非对称性:会计稳健性,抑或费用粘性  

Asymmetry of Earnings Response:Accounting Conservatism or Sticky Costs

作　　者：刘嫦[1] 赵智全[2] 杨元贵[1] 

机构地区：[1]石河子大学经济与管理学院,新疆石河子832003 [2]江苏理工学院商学院,江苏常州213001

出　　处：《华东经济管理》2014年第5期139-144,共6页East China Economic Management

基　　金：教育部人文社会科学研究新疆项目(12XJJA79000211);新疆维吾尔自治区普通高等学校人文社会科学重点研究基地项目(XJEDU020213B01)

摘　　要：文章运用2008-2011年我国A股主板上市公司数据,首次将会计稳健性和费用粘性纳入同一研究框架来探究盈余反应非对称反应的根源。实证研究结果表明,基于会计稳健性根源的盈余反应非对称性系数不显著,基于费用粘性根源的盈余反应非对称性系数显著为正。这一结果表明,我国公司盈余反应非对称性的根源主要在于费用粘性,而非会计稳健性。Using the data of A-share listed companies from 2008-2011 in China, the paper explores, for the first time, fun damental sources of performance of asymmetry of earnings response by including accounting conservatism and sticky costs in tile same research framework. The empirical results show that the asymmetric coefficient of earnings response due to the root causes of accounting conservatism is not obvious, but the asymmetric coefficient of earnings response based on the root causes of sticky costs is significantly positive, which means that the origin of asymmetry of earnings response of Chinese companies is mainly from sticky costs rather than accounting conservatism.

关 键 词：盈余反应非对称性 稳健性 费用粘性 

分 类 号：F275[经济管理—企业管理]