业绩归因与盈余管理的“复合式”操纵研究——以厦华电子为例  

Research on Synchronous Implementation of Self-serving Attribution and Earnings Management:A Case Study of Xiamen Overseas Chinese Electronic Co.,Ltd.

作　　者：孙蔓莉[1] 肖芸 申世宏 Sun Manli

机构地区：[1]中国人民大学商学院,100872 [2]民生证券股份有限公司,100005 [3]中建三局集团有限公司,430000

出　　处：《会计研究》2018年第6期26-31,共6页Accounting Research

基　　金：中国人民大学科学研究基金(中央高校基本科研业务费专项资金资助)项目"ST公司的盈余管理及业绩归因操纵研究"(14XNO004)的成果

摘　　要：本文采用案例研究方法,揭示并描绘出厦华电子在巨大的业绩压力下,同步运用自利性业绩归因与盈余管理,实现业绩信息披露操控的脉络和全景。案例公司首先通过盈余管理手段达到业绩扭亏目标,再利用自利性业绩归因来掩蔽盈余管理,同时将公司业绩改善引向成本控制和研发投入等方面的管理绩效,诱导投资者对企业未来发展前景产生乐观预期。研究显示,两种操纵手段的复合式运用对上市公司业绩信息质量产生了叠加的损害效果。With a case study design, this paper reveals how the case company achieved manipulation of financial performance by means of self-ser- ving attribution and earnings management. The company firstly reversed deficits through earnings management, of which the influence was covered up by self-serving attribution. Then, the company attributed the performance improvement to effective cost control and R＆D activities and therefore misled the investors to have an over-optimistic expectation of prospects. The findings of this study show that self-serving attribution and earnings management each had negative impacts and together had a further detrimental effect on the reliability of information disclosure.

关 键 词：自利性业绩归因 盈余管理 复合式操纵 信披质量 

分 类 号：F426.61[经济管理—产业经济]