稳健性盈余管理方式对企业信息披露的影响——基于上市公司财务信息透明度的视角分析  

The Influence of Sound Earnings Management on Information Disclosure Behavior of Corporates

作　　者：张芬芬[1] ZHANG Fen-fen(Jiyuan Vocational and Technical College,Jiyuan Henan 459000,China)

机构地区：[1]济源职业技术学院经济管理系

出　　处：《山东工商学院学报》2019年第6期75-89,共15页Journal of Shandong Technology and Business University

基　　金：国家自然科学基金项目“信息披露非理性失衡、内部风险控制与公司股价崩盘”(71472064)

摘　　要：选用了沪深两市2001-2006年、2012-2017这两个时间段的A股数据作为原始数据并通过非平衡性面板模型来分析稳健性盈余管理政策与企业信息披露行为之间的关联性。结果证明,合理的稳健盈余管理方式有助于缓解企业与投资人之间信息不对称的问题,进而推动了整个行业在市场的发展。如果企业将稳健性的盈余政策当做一种工具来对公司业绩进行大洗澡,则不但不会降低企业信息的不透明程度,更会加剧了与市场间的信息不对称。This paper chooses the two time periods,2001-2006 and 2012-2017,as original data and uses the non-balanced panel model to analyze the robustness of earnings management policy and the non-balanced panel model to the robustness of earnings management policy and the corporate information disclosure.The results show the reasonable robust earnings management can help to alleviate the problem of information asymmetry between enterprises and investors,and thus promote the development of the whole industry in the market.If the firm takes the robustness of the earnings policy as a tool to take a cover on the performance of the company,it will not only reduce the opacity of the enterprise information,but also aggravate the information asymmetry in the market.

关 键 词：稳健性盈余管理 企业信息披露 不透明程度 信息不对称 

分 类 号：F279.246[经济管理—企业管理]