“机会主义”还是“道德行为”?——履行社会责任公司的盈余管理行为研究  

Opportunism or Ethical Behavior? Earnings Management of the Companies Committed to Corporate Social Responsibility

作　　者：吉利[1] 何熙琼[1] 毛洪涛[1] 

机构地区：[1]西南财经大学会计学院,四川成都611130

出　　处：《会计与经济研究》2014年第5期10-25,共16页Accounting and Economics Research

基　　金：国家自然科学基金项目(71302184;71172228);教育部人文社会科学研究项目(13YJC790054);教育部新世纪优秀人才支持计划(NCET-09-0658);全国会计领军(后备)人才培养项目;西南财经大学中央高校基本科研业务费专项资金(JBK130508;JBK1407018)

摘　　要：企业社会责任履行及信息披露,既可能是一种负责任的道德行为,也可能是一种掩饰包装的机会主义行为。一方面从企业履行社会责任的动机出发,考察履行社会责任公司的盈余管理程度;另一方面以企业社会责任为调节变量,考察企业履行社会责任在盈余管理对企业价值影响中的作用。实证研究发现,企业履行社会责任程度与盈余管理程度负相关,且企业履行社会责任能够正向调节真实盈余管理对企业价值的负面影响,说明我国企业履行社会责任是一种获得投资者认可的道德行为。To fulfill corporate social responsibilities and disclose the information may be an ethical behavior. However,it could be an opportunistic behavior to mask. The paper,firstly,examines the earnings management behaviors of companies committed to social responsibilities from the perspective of the companies＇ motivation to conduct social responsibilities. Secondly,it examines the effects of corporate social responsibility on the relationship between earnings management and firm value. The findings indicate that corporate social responsibility is negatively related to earnings management,while corporate social responsibility mitigates the negative effects of real earnings management on the firm value.This paper suggests that to fulfill social responsibility is a kind of ethical behaviors that are valued by investors.

关 键 词：机会主义 道德行为 企业社会责任 盈余管理 

分 类 号：F275.2[经济管理—企业管理]