本文關(guān)鍵詞：我國上市公司股權(quán)結(jié)構(gòu)對盈余管理影響的實(shí)證研究　出處：《西南交通大學(xué)》2011年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 盈余管理 股權(quán)集中度 股權(quán)制衡度 股權(quán)性質(zhì) 公司治理

【摘要】：盈余管理是會計(jì)理論和實(shí)證研究的一個重要話題,它不僅僅是一種會計(jì)行為,更是一種管理行為。國內(nèi)對盈余管理的研究主要集中在盈余管理是否存在以及盈余管理的目的、手段。國內(nèi)也有學(xué)者研究上市公司股權(quán)結(jié)構(gòu)與盈余管理之間的關(guān)系,但研究學(xué)者們得出的結(jié)論并非一致。在研究方法、盈余管理模型選擇等方面還存在很大研究空間。公司治理與上市公司的盈余管理行為存在關(guān)聯(lián),公司治理中的股權(quán)結(jié)構(gòu)對盈余管理有重要影響。因此本文從股權(quán)集中度、股權(quán)制衡度、股權(quán)性質(zhì)、管理層持股和機(jī)構(gòu)投資者持股角度來研究股權(quán)結(jié)構(gòu)與盈余管理之間的關(guān)系。 本文在回顧文獻(xiàn)的基礎(chǔ)上,采用理論分析與實(shí)證研究相結(jié)合的方法,利用上市公司2004-2009年的數(shù)據(jù)對我國上市公司股權(quán)結(jié)構(gòu)與盈余管理的相關(guān)關(guān)系進(jìn)行了研究。本文利用橫截面數(shù)據(jù),采用瓊斯模型、修正瓊斯模型、Healy模型計(jì)算盈余管理變量。剔除異常值后,造成特定年份某些行業(yè)數(shù)據(jù)量少,難以采用分行業(yè)分年度估計(jì)模型參數(shù)。故本文采用分年度計(jì)算瓊斯模型和修正瓊斯模型的參數(shù),并利用年度參數(shù)來計(jì)算瓊斯模型和修正瓊斯模型下的盈余管理變量值。三個模型得出的結(jié)論趨于一致。(1)我國上市公司股權(quán)高度集中,且股權(quán)集中度與盈余管理之間存在倒U型關(guān)系。(2)我國上市公司的股權(quán)制衡度與盈余管理負(fù)相關(guān),但不顯著。(3)我國上市公司股權(quán)性質(zhì)與盈余管理行為相關(guān),非國有控股公司比國有控股公司進(jìn)行操縱盈余行為更嚴(yán)重。(4)管理層持股與盈余管理顯著正相關(guān),說明我國上市公司管理層會侵占上市公司利益。(5)我國上市公司機(jī)構(gòu)投資者持股與盈余管理顯著負(fù)相關(guān),機(jī)構(gòu)投資者能夠有效抑制上市公司盈余管理行為。最后本文根據(jù)研究結(jié)果得出相關(guān)結(jié)論并提出建議。
[Abstract]:Earnings management is an important topic of accounting theory and empirical research, it is not only a kind of accounting behavior, but also a kind of management behavior. The domestic research on earnings management mainly focus on the existence of earnings management as well as the goal, the means of earnings management. The domestic scholars research also has a relationship between ownership structure and earnings management the company, but the researchers can not reach the same conclusion. In research methods, the earnings management model selection is still a big research space. There are associated with the earnings management behavior of listed companies and corporate governance, ownership structure in corporate governance has an important influence on earnings management. This article from the ownership concentration, equity balance degree the nature of equity, ownership and management of institutional investors perspective to study the relationship between ownership structure and earnings management.
In this paper, on the basis of literature review, theoretical analysis and empirical research methods combined with the use of listed companies 2004-2009 data related to the ownership structure and earnings management of Listed Companies in China are studied. By using the cross section data, using the Jones model, modified Jones model, the calculation of earnings management variables Healy model. To eliminate the abnormal value, causing a particular year in some industries is difficult to use a small amount of data, divided into industry annual estimate model parameters. So this paper adopts parameter calculation annual Jones model and modified Jones model, and to calculate the Jones model and modified Jones model of earnings management variables using annual three model parameters. The conclusion is consistent. (1) China's listed companies are highly concentrated, and the concentration of shareholding and earnings management are inverted U relationship. (2) of the shares of Listed Companies in China The right balance is negatively related to the earnings management, but not significant. (3) the relevant behavior of the nature of equity and earnings management of listed companies and non state-owned holding companies conduct earnings manipulation behavior is more serious than the state-owned holding company. (4) is positively related to managerial ownership and earnings management, the management of Listed Companies in China would encroach on the interests of the listed company. (5) ownership and earnings management of China's institutional investors of listed companies negatively related to institutional investors can effectively restrain the earnings management behavior of listed companies. Finally, according to the research results and relevant conclusions and make recommendations.

【學(xué)位授予單位】：西南交通大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2011
【分類號】：F271;F275;F224

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