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论文编号：	10200
作者编号：	2120162682
上传时间：	2018/6/11 16:33:22
中文题目：	机会主义型关联交易、内部控制与盈余持续性的影响研究
英文题目：	Research on the Influence of Opportunistic Related transactions,Internal Control and Earnings Persistence
指导老师：	梅丹 副教授
中文关键字：	机会主义型关联交易；内部控制；盈余持续性
英文关键字：	Opportunistic Related Transactions;Internal Control;Earnings Sustainability
中文摘要：	近年来，关联交易与企业盈余质量之间的关系问题引起了各方的普遍重视，会计盈余作为最重要、最综合的会计信息，其是否具有持续性以及关联交易对该持续性的影响都是学术界炽热的研究话题。上市公司的关联交易，尤其是机会主义型关联交易的发生及其发生程度对企业盈余持续性会产生怎样的影响？良好的内部控制对该影响又起何作用？本文的目的在于采用实证研究的方法来对这一系列的问题进行探讨。 本文以2010-2015年我国A股上市公司为样本，对其关联交易现状进行了统计分析，结果发现我国上市公司的关联交易多数集中在制造业，且发生频率高达90%以上；交易对象多数为存在控制关系的关联方。此外，在众多关联交易类型中，我国上市公司更加倾向于发生资金交易、商品交易、担保与抵押、提供或接受劳务等类型的关联交易。 其次，本文以委托代理理论、利益转移理论、会计目标理论等作为理论支撑，借鉴国内外相关学者的研究方法与结论，提出了本文的研究假设，并分别从机会主义型关联交易是否发生以及发生程度来探讨机会主义型关联交易对盈余持续性的作用，最后以内部控制为调节变量，研究了企业内部控制对该作用的影响。 在实证研究中，本文以2010-2015年我国A股制造业上市公司为研究样本进行回归分析，回归结果表明：（1）相比于未发生机会主义型关联交易的公司，发生了机会主义型关联交易的公司的盈余持续性更低；（2）相比于关联交易度较低的公司，发生较大规模机会主义型关联交易的上市公司的盈余持续性更低；（3）若上市公司具有高水平的内部控制，则机会主义型关联交易度对盈余持续性的抑制作用会减弱。 本文的研究加深了人们对机会主义型关联交易、内部控制及盈余持续性的认识，对于引导投资者关注机会主义型关联交易、提升管理层对内部控制建设的重视、以及协助监管部门制定更详尽的关联交易信息披露制度均有着重要意义。 关键词：机会主义型关联交易；内部控制；盈余持续性
英文摘要：	In recent years, the relationship between related transactions and corporate earnings quality has attracted widespread attention from all parties,and the accounting surplus is the most important and comprehensive accounting information.,so its continuity ,as well as the impact of related transactions on the sustainability of earnings is a hot topic of research in the academic community. How does the listed company's related transactions, especially the occurrence and the degree of opportunistic related transactions, affect the sustainability of the company's earnings? What effect does a good internal control have on this impact? The main purpose of this paper is to use empirical research methods to explore these issues. This article makes a statistical analysis of the status quo of related transactions of all listed A-share companies in China from 2010 to 2015. It finds that the related transactions of listed companies in China are not only frequent but also huge in value. Most of them are concentrated in the manufacturing industry; The transaction object is also carried out between related parties with controlling relationship..In addition, in many related transaction types, listed companies in China are more inclined to engage in types of related transactions such as commodity trading, providing or accepting labor services, capital transactions, guarantees, and mortgages. Then,this paper uses agency theory, transaction cost theory and benefit transfer theory as the theoretical support, drawing on the research methods and conclusions of relevant scholars at home and abroad, puting forward the research hypothesis of this article, and exploring the effect of realted transactions on the sustainability of earnings from the occurrence and occurrence of opportunistic related transactions. Finally, the quality of internal control is used as the adjustment variable to study the influence of internal control on the relationship between the two. In the empirical research, this article takes a sample of all manufacturing A-share listed companies from 2010 to 2015. The regression results show that: (1) Compared with companies that do not have an opportunistic related transaction, companies that have had opportunistic related transactions have lower earnings sustainability, that is,there is a significant negative correlation between them; (2) Compared with companies with small degree of related transactions, listed companies with large-scale related transactions have lower earnings sustainability; (3) If a listed company establishes a sound internal control system with good internal control quality, the negative effect of related party transactions on the sustainability of earnings will be weakened. In summary, this paper thereby deepening people's understanding of related transactions, internal control and the sustainability of earnings.It is of great significance to guiding investors to pay attention to opportunistic related party transactions, enhancing the management’s emphasis on the construction of internal controls, and assisting the regulatory authorities in formulating more detailed information disclosure systems for related transactions. Key Words: Opportunistic Related Transactions; Internal Control; Earnings Sustainability
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