盈余管理方式与信贷资源配置  

Earnings Management and the Credit Allocation

作　　者：马永强[1] 赖黎[1] 曾建光[1] 

机构地区：[1]西南财经大学会计学院,611130

出　　处：《会计研究》2014年第12期39-45,95,共7页Accounting Research

基　　金：国家自然科学基金项目(71072168;71272245);中央高校基本科研业务费专项资金(JBK1407052)的资助

摘　　要：本文以2006—2013年我国A股上市公司为研究对象,从真实盈余管理和应计盈余管理双重视角,考察了盈余管理行为对信贷资源配置的影响。研究发现:企业通过盈余管理上调利润越多,获取了更多的信贷资源;国有企业通过应计盈余管理获取信贷资源的现象更明显,非国有企业通过真实盈余管理获取信贷资源的现象更明显。研究表明:一方面,企业通过盈余管理满足银行对自身盈利能力的要求,获取了更多的信贷资源;另一方面,我国银行无法识别贷款企业的盈余管理行为,盈余管理加大了银行的信贷风险。本文从贷款企业的盈余管理行为出发,为优化信贷资源配置提供了一个全新的视角,弥补了现有文献较为片面的认识。This paper is based on Chinese listed companies from 2006 to 2013,examines how the real earnings management and accrual management impact on credit allocation. We found the firms with more profit through accrual management access to more credit resources,this phenomenon is more obvious in the state- owned enterprises,and the firms with more profit through real earnings management access to more credit resources,this phenomenon is more obvious in the non- state- owned enterprises. The result shows that the enterprises meet the requirements of the bank's profit demand through accrual management and real earnings management in order to get more credit resources. On the other hand,the banking sector is unable to identify earnings management activities,thus earnings management increases the credit risk. Based on different types of earnings management,this paper provides a new prospective of promoting credit allocation,and enriches the existing literatures of how earnings management affect credit allocation.

关 键 词：应计盈余管理 真实盈余管理 信贷资源配置 产权属性 

分 类 号：F832.51[经济管理—金融学]