商誉减值影响了企业创新质量吗?  

Does Goodwill Impairment Affect the Quality of Enterprise Innovation?

作　　者：谭瑾 权小锋[2] 徐光伟 罗正英[2] TAN Jin;QUAN Xiaofeng;XU Guangwei;LUO Zhengying(Business School,Changzhou University,Changzhou 213164,China;Business School,Soochow University,Soochow 215021,China)

机构地区：[1]常州大学商学院,江苏常州213159 [2]苏州大学商学院,江苏苏州215021

出　　处：《审计与经济研究》2023年第2期116-127,共12页Journal of Audit & Economics

基　　金：国家自然科学基金面上项目(71772131);国家自然科学基金青年项目(72203025);国家自然科学基金青年项目(72103026);国家社会科学基金重点项目(20AGL016)。

摘　　要：高质量创新是经济高质量发展的基石。聚焦于企业创新质量,从商誉减值信息披露视角出发,考察了创新质量的影响因素。以沪深A股2008—2018年上市公司为样本,实证检验了商誉减值对企业创新质量的影响效应及其作用机制。结果发现,商誉减值对企业创新质量具有显著的负向影响,且与高质量创新相比,商誉减值对企业低质量创新的负向影响效应更显著。机制检验结果表明,商誉减值通过影响企业盈余管理倾向、信息披露质量和风险承担水平降低了企业创新质量。进一步地,企业信息披露质量的改进、业绩补偿承诺的签订加剧了商誉减值与企业创新质量的负相关关系,并且在非国有企业、管制性行业企业及外部制度环境较差的企业中,商誉减值对企业创新质量的负向影响更显著。High quality innovation is the cornerstone of high-quality economic development.Focusing on enterprise innovation quality,this paper investigates the influencing factors of innovation quality from the perspective of goodwill impairment information disclosure.This paper selects A-share listed companies in Shanghai and Shenzhen from 2008 to 2018 as a sample to empirically test the impact effect and mechanism of goodwill impairment on enterprise innovation quality.The results show that goodwill impairment has a significant negative impact on enterprise innovation quality,and reduces enterprise innovation quality by affecting enterprise risk-taking level and earnings management tendency.In addition,the improvement of enterprise information disclosure quality and performance compensation commitment exacerbate the above negative correlation,and perform more significantly in non-state-owned enterprises,regulatory industry enterprises and enterprises with poor institutional environment.

关 键 词：商誉减值 创新质量 盈余管理 风险承担 业绩补偿承诺 创新激励 

分 类 号：F270[经济管理—企业管理]