联系我们

论文查询结果	返回搜索

论文编号：	1449
作者编号：	031689
上传时间：	2010/5/14 9:39:29
中文题目：	基于自愿性会计政策变更的盈余管理的诱致因素实证研究
英文题目：	Voluntary Accounting Policy Changes, Earnings Management,
指导老师：	周晓苏
中文关键字：	自愿性会计政策变更 盈余管理 诱致因素 实证研究
英文关键字：	Voluntary Accounting Policy Changes, Earnings Management, Inducement, Empirical Research
中文摘要：	国外会计学界围绕自愿性会计政策变更问题进行了大量的卓有成效的研究。但是这些研究在很大程度上忽略了转型经济国家的固有特征，因而不能达到解释和预测转型经济国家会计实务的目的。基于上述原因，论文运用实证检验方法，在前人研究的基础上，探讨了我国转型经济时期上市公司自愿性会计政策变更的盈余管理理论和实务问题，进而为我国证券市场参与者提供了一些参考建议。 为了方便本文的实证研究，本文将盈余管理分为收益平滑的盈余管理、巨额冲销的盈余管理和政策诱增式的盈余管理。其中，收益平滑的目的是有意减少所披露收益的波动；巨额冲销的目的是有意做大亏损；而政策诱增式盈余管理的目的则是根据扭亏、配股或增发的要求而人为地做大利润。 本文的实证研究部分以2002-2004年间进行了自愿性会计政策变更的271家上市公司为研究样本，在未发现行业影响因素的基础上，首先运用盈余分布法将变更前后净资产收益率进行对比分析，验证了我国上市公司利用自愿性会计政策变更盈余管理的存在；然后运用均值检验和Logistic回归方法探讨了我国上市公司产生上述各种盈余管理行为的诱致因素。 在实证研究的基础上，本文得出了研究结论主要如下：1）从总体上看，我国上市公司确实存在利用自愿性会计政策变更来进行盈余管理的现象，而且，它们没有呈现出明显的行业特征；2）对进行巨额冲销和政策诱增的盈余管理的上市公司而言，它们利用自愿性会计政策变更进行盈余管理的主要诱致因素是利用其他的盈余管理手段不能实现令其满意的利润水平，进而不得不使用该手段；3）诱致我国上市公司利用自愿性会计政策变更进行收益平滑式盈余管理的主要因素是在使当期利润达到增发或配股门槛的基础上对利润的滞后确认，为以后的增发或配股提供必要的条件，同时可能有出于保持股价稳定或避税等之类的考虑。
英文摘要：	Lots of fruitful studies about voluntary accounting policy changes have been made by overseas accounting scholars. However, to a large extent, these studies neglected the inherent characteristics of countries in economic transformation. Therefore, the aim to explain and predict the accounting practice of countries in economic transformation could not be reached. Because of the reason described above, based on former research, a series of theoretic and practical problems of earnings management in Chinese listed companies during the time of economic transformation were discussed in this paper by method of empirical testing. Then, some suggestions were provided for the participants of Chinese stock market. To facilitate the empirical research, this paper divided earnings management into three categories, which are earnings management of income smoothing, earnings management of huge amount of writing-off and earnings management induced by police-based factors. Among them, the aim to smooth income is inhibiting the fluctuating of the disclosed income; the goal of huge amount of writing-off is to increase the loses greatly; the goal of earnings management induced by police-based factors is to increase the profit artificially to satisfy the demand of making up the deficits or offering rights or seasoned equity. In the empirical part of this paper, 271 Chinese listed companies promoting voluntary accounting policy changes in the year 2002-2004 were collected as the research samples. Based on the result that there were not industrial influencing factors, by method of distributions of earnings to compare ROE after changing accounting policy with ROE before changing voluntary accounting policy, this paper testified the fact that Chinese listed companies managed earnings through voluntary accounting policy changes. Then, this paper analyzed the cause of every category of before-mentioned earnings management by methods of mean value test and Logistic regression. On the ground of empirical research, several conclusions were drawn out as follows: 1) as a whole, Chinese listed companies indeed managed earnings by virtue of voluntary accounting policy changes, and these companies were not characteristic of any specific industry; 2) with regard to the listed companies conducting earnings management of huge amount of writing-off and earnings management induced by police-based factors, the cause of their voluntary accounting policy changes was that the level of their income could not be satisfactory unless they changed accounting policy; 3) the cause of Chinese listed companies’ earnings management of income smoothing by method of voluntary accounting policy changes, was that they were intended to facilitate rights offerings and seasoned equity offerings in the future through putting off the revenue recognition while guaranteeing current income exceeding over the threshold of rights offerings and seasoned equity offerings, meanwhile, this could due to stock price stabilization and tax avoidance.
查看全文：	预览  下载(下载需要进行登录)