企业生命周期、行业竞争冲击与盈余管理——基于应计盈余管理和真实盈余管理的双重考量  

Corporate Life Cycle,Industry Competition Shocks and Earnings Management——The Double Consideration Based on Accrual Earnings Management and Real Earnings Management

作　　者：陈沉[1] 李哲[2] 王磊[3] 

机构地区：[1]广东工业大学管理学院,广东广州510520 [2]中国人民大学商学院,北京100872 [3]南开大学商学院,天津300071

出　　处：《山西财经大学学报》2017年第5期94-110,共17页Journal of Shanxi University of Finance and Economics

基　　金：国家自然科学基金项目(70872053);国家自然科学基金项目(71662009);国家社会科学基金项目(15BGL068);海南省自然科学基金项目(20157256);中西部计划学科重点领域建设项目(ZXBJH-XK021)

摘　　要：利用2001-2014年我国上市公司的财务数据,实证检验了行业竞争压力对不同生命周期企业应计盈余管理和真实盈余管理的影响。行业竞争压力是从三个维度进行衡量,即现存行业竞争压力、潜在行业竞争压力和行业盈利能力。实证结果显示:行业竞争程度高的成长期企业,其应计盈余管理和真实盈余管理程度显著低于成熟期企业;高行业竞争压力下的衰退期企业,其应计盈余管理程度显著低于成熟期企业,但其真实盈余管理程度显著高于成熟期企业。这说明较高的行业竞争压力抑制了成长期企业、成熟期企业和衰退期企业的应计盈余管理,同时抑制了成长期企业和成熟期企业的真实盈余管理,但加剧了衰退期企业的真实盈余管理。Based on Chinese corporate financial data from year 2001 to 2014, this paper empirically investigates the influence of in- dustry competition on accrual earnings management and real earnings management in different life cycle corporate. The measurement of industry competition is from three perspective, that is to say, the existing industry competition pressure, potential industry competition pressure and industry profitability. Results are shown as follows： grow stage corporate of high competition industry, its accrual earnings management and real earnings management extent is much lower than that of mature stage corporate; recession stage corporate of high competition industry, its accrual earnings management extent is much lower than that of mature stage corporate, but its real earnings man- agement extent is much higher than that of mature stage corporate. This means that, high industry competition can control accrual earn- ings management in grow stage corporate, mature stage corporate and recession stage corporate; and it can also control real earnings man- agement in grow stage corporate and mature stage corporate, but exacerbate real earnings management extent in recession stage corporate.

关 键 词：行业竞争 企业生命周期 应计盈余管理 真实盈余管理 

分 类 号：F235[经济管理—会计学]