企业社会责任对上市公司盈余管理影响的实证研究  

Empirical Research on the Impact of Corporate Social Responsibility on Earnings Management

作　　者：余志婉 Zhiwan Yu(SHU-UTS SILC Business School,Shanghai University,Shanghai,201800,China)

机构地区：[1]上海大学悉尼工商学院,上海201800

出　　处：《经济管理学刊（中英文版）》2020年第2期90-99,共10页Economic Management Journal

摘　　要：盈余管理近年来一直是会计学领域的热点研究话题。从本质上来说,盈余管理行为是企业缺乏社会责任意识的一种表现。本文从会计层面探讨企业社会责任对盈余管理的影响,以沪深两市披露企业社会责任报告的上市公司为研究对象,基于2009年至2017年的面板数据,分别研究了企业社会责任对应计和真实盈余管理的影响。研究结论表明,企业社会责任意识越高的上市公司进行越少的应计盈余管理和真实盈余管理,且越高的企业社会责任得分对正向应计盈余管理的削弱作用更强,对生产操控性的真实盈余管理的削弱作用更强。另外,外部制度环境越好的情况下,社会责任履行得越好的企业更倾向于采用真实盈余管理来实施操纵行为。Earnings management(EM)has become a hot researching topic in the field of accounting in recent years.EM is the performance which lacks of the sense of social responsibility.This paper discussed the impact of corporate social responsibility(CSR)on EM from the perspective of accounting.This paper took 5,107 listed companies which disclosed CSR reports in Shanghai and Shenzhen stock markets as the research object.Based on the panel data from 2009 to 2017,this paper respectively carried on studies on the impact of CSR on accrued EM and real EM.The results show that listed companies with higher CSR awareness have less accrued EM and real EM,and higher CSR score has stronger weakening effect on positive accrued EM and productive manipulation.In addition,the better the external institutional environment is,enterprises with better CSR performance are more likely to adopt real EM to implement their manipulative behavior.

关 键 词：应计盈余管理 真实盈余管理 企业社会责任 外部制度环境 

分 类 号：F27[经济管理—企业管理]