摘要
本文基于CSMAR数据库2010—2012年深沪上市的A股数据,从产权性质视角研究代理问题和应计盈余管理及真实活动盈余管理的关系,结论表明:第一,全样本中代理成本和应计盈余管理及真实活动盈余管理正相关;第二,代理成本和盈余管理的关系在国有控股和非国有控股公司中存在显著差异,且二者的关系在国有控股样本中更显著。本文对于提高公司的内外部监管,完善治理结构、降低代理成本以及公司盈余管理程度具有一定的参考意义。
Recently, researchers are interested in earnings management from capital market. This paper uses A-share data from Shenzhen and Shanghai Stock Exchange from year 2010 to 2012 from CSMAR. From perspective of ownership property, we want to study relationships between agency problems and earnings management, which we mean accrual earnings manage- ment（AEM） and real earnings management（REM）. Our paper find that： Firstly, in the full sample, there is a positive rela- tionship between agency costs and AEM, the same to REM; Secondly, in State-Owned and non State-Owned samples, the rela- tionship between agency costs and earnings management is significantly different, the significant positive relationship in State- Owned sample is much higher than that of non State-Owned samples. Our paper aims to enhance supervising managers from in- side and outside aspects, and to improve corporate governance structure, reduce corporate agency costs and management earn- ings management.
出处
《南京财经大学学报》
2015年第3期49-63,共15页
Journal of Nanjing University of Finance and Economics
关键词
代理成本
应计盈余管理
真实活动盈余管理
公司治理
产权性质
ageney costs
aecrual earnings management
real earnings management
corporate governance
ownership property
