经济政策不确定性对企业真实盈余管理的影响

被引：18

作者：

黄庆成 ^{[1
]}

闻岳春 ^{[2
]}

陈秋昊 ^{[1
]}

机构：

[1] 广西大学经济学院

[2] 广西大学中英区块链产业研究院

来源：

证券市场导报 | 2022年 / 05期

关键词：

经济政策不确定性; 真实盈余管理; 应计盈余管理; 盈余操纵动机;

D O I：

暂无

中图分类号：

F275 [企业财务管理]; F832.51 []; F120 [方针政策及其阐述];

学科分类号：

020201 ;

摘要：

本文以2003—2019年中国非金融类上市公司为样本，研究经济政策不确定性对真实盈余管理的影响。研究发现：经济政策不确定性显著提高了企业真实盈余管理的程度；进一步区分调节盈余的方向后发现，企业为应对经济政策不确定性显著提高了正向真实盈余管理，而非负向真实盈余管理，且这种调增真实盈余的程度在民营、高新科技、两职合一的企业更大；机制分析发现，企业的信息环境和融资环境是经济政策不确定性影响正向真实盈余管理的中介变量；进一步检验发现，企业为应对经济政策不确定性会选择正向应计盈余管理“配合”正向真实盈余管理，两种正向盈余管理呈现互补关系；检验企业操纵正向真实盈余的动机发现，业绩压力和市场预期压力越大的企业进行正向真实盈余管理的动机越强。本文为处于“双循环”背景下中国经济正确处理好政企之间的关系提供了证据。

引用

页码：69 / 79

页数：11

共 49 条

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