新收入准则是否减少了上市公司的收入管理行为?  

Does the New Revenue Standard Improve or Reduce the Revenue Management Behavior of Listed Companies?

作　　者：刘雪妮 李明辉[1] 叶超[3] LIU Xueni;LI Minghui;YE Chao(School of Business,Nanjing University,Nanjing 21008;School of Economics and Management,Changzhou Institute of Technology,Changzhou 213032,China;School of Economics and Management,Nanjing Forestry University,Nanjing 210018,China)

机构地区：[1]南京大学商学院,江苏南京210008 [2]常州工学院经管学院,江苏常州213032 [3]南京林业大学经管学院,江苏南京210018

出　　处：《审计与经济研究》2024年第2期63-73,共11页Journal of Audit & Economics

基　　金：江苏省高校哲学社会科学重大项目(2022SJZD063)。

摘　　要：以我国上市公司2017—2022年数据为基础,将在财务报表附注“重要会计政策变更”中披露了受新收入准则影响的公司作为处理组,披露了没有受到新收入准则实质性影响的公司作为控制组,实证分析采用新收入准则前后受影响公司的应收账款和递延收入异常变化的水平。研究发现,新收入准则实施后,受影响的公司利用应收账款进行加速收入确认,没有证据表明公司利用递延收入进行收入管理。价值相关性分析结果表明,收入信息对股票价格的增量价值并没有显著降低。进一步分析准则实施前后公司真实销售操控行为的变化发现,新收入准则实施后受影响公司的真实销售操控行为显著减少了。总的来讲,新收入准则可能存在因管理者任意判断干预而对收入信息质量产生负面影响的情况。Based on the data of listed companies in China from 2017 to 2022,we analyzed the changes in the level of abnormal receivables and abnormal deferred revenue and the value correlation of affected companies before and after the adoption of the new revenue standard.We find that after the implementation of the new revenue standard,management uses accounts receivable to accelerate revenue recognition.There is no evidence of revenue management using deferred revenue.Value correlation analysis shows that the incremental value of the income information to the stock price is not significantly reduced.Further analysis shows that after the implementation of the new revenue standard,the real sales manipulation of listed companies is significantly reduced.In addition,further studies such as revenue management motivation and temporal analysis are carried out.The findings of this study suggest that the new revenue standard may have a negative impact on the quality of revenue information due to arbitrary discretionary intervention by managers.

关 键 词：新收入准则 收入管理 价值相关性 真实销售操控 收入信息质量 会计信息质量 

分 类 号：F230[经济管理—会计学]