本文關鍵詞：房地產(chǎn)上市公司管理能力與盈余質量的關系研究　出處：《西南交通大學》2014年碩士論文　論文類型：學位論文

  更多相關文章： 管理能力 盈余質量 操縱性應計項 盈余持續(xù)性 包絡分析法

【摘要】：從我國現(xiàn)有的上市公司對外披露信息體系我們可以發(fā)現(xiàn),外部投資者獲取企業(yè)相關信息的主要來源為企業(yè)財務報表。在財務報表信息中,人們最為關注的是企業(yè)會計盈余信息。但是在不同的行業(yè)背景以及宏觀環(huán)境、國家政策等因素的影響下,企業(yè)會計盈余信息的質量參差不齊。在這種情況下,對于盈余質量的研究受到了研究學者的廣泛關注。國外學者對于盈余質量影響因素的研究主要是從公司屬性角度進行研究,如管理層持股比例、董事會屬性等。國內學者關于盈余質量影響因素的研究主要集中于管理層特征,如高管性質、持股比例、薪資激勵等,但是很少有人從管理能力角度對盈余質量進行研究。 本文基于契約理論和信息不對稱理論,運用實證研究的方法,對管理能力與公司盈余質量的關系進行深入的分析,研究我國滬深兩市A股市場中房地產(chǎn)公司管理能力與盈余質量的相關性。 本文第一部分總結管理能力和盈余質量的研究成果；第二部分提出了理論基礎并總結了學者們對于盈余質量不同角度的定義和計量方法,并對管理能力和盈余質量之間的關系進行了理論研究；第三部分對管理能力的計量方法進行總結,并根據(jù)Dermanjian (2013)提出的管理能力的新計量方法,利用數(shù)據(jù)包絡分析法(DEA)得到企業(yè)的效率,然后剔除企業(yè)固有因素對企業(yè)效率的影響從而得到企業(yè)管理能力,通過選取2003年到2012年的數(shù)據(jù)計算得到了近十年房地產(chǎn)行業(yè)上市公司管理能力的變化趨勢；第四部分是實證部分,本文選取2008-2012年的房地產(chǎn)業(yè)上市公司作為樣本,首先研究管理能力指標的度量,從盈余結構角度利用修正的Jones模型對企業(yè)盈余質量進行度量；從會計準則角度用盈余的持續(xù)性對盈余質量進行度量。最后采用多元線性回歸方法分別對管理能力與操縱性應計利潤和管理能力與盈余持續(xù)性之間的關系進行驗證,得到相應的結論。研究結果表明,管理能力與操縱性應計項呈顯著負相關關系；管理能力與盈余持續(xù)性正相關。也就是說管理能力的提高會相應的提高公司的盈余質量。這一結果告訴我們資本市場在通過制定嚴格的制度和監(jiān)管機制來保證企業(yè)盈余信息的真實性的同時,企業(yè)本身還可以通過管理者的學習能力、金融關系能力、信息處理能力等多方面提高企業(yè)管理能力,從而達到提高企業(yè)盈余質量的目的。
[Abstract]:From our existing listed company information disclosure system we can find the main source of external investors to obtain corporate information for enterprise financial statements. In the financial statements of information, people are most concerned with accounting earnings information. But in different industry background and macro environment, and other factors under the influence of national policy and the quality of accounting earnings information uneven. In this case, the research on earnings quality has attracted wide attention of scholars. Foreign scholars studied the influence factors of earnings quality is mainly studied from the company perspective, such as the proportion of managerial ownership, board attributes. The domestic scholars on the study of the factors of earnings quality mainly focused on the influence of management features, such as the nature of ownership, executives, incentive pay, but few people from the perspective of earnings management Quality is studied.
Based on contract theory and information asymmetry theory, this paper makes an in-depth analysis of the relationship between management capability and earnings quality by empirical research, and studies the correlation between management capability and earnings quality of real estate companies in A share market of Shanghai and Shenzhen two cities.
The first part of this paper summarizes the research results of management ability and earnings quality; the second part puts forward the theoretical foundation and summarizes the scholars for different angles of earnings quality definition and measurement method, and the relationship between management and earnings quality were studied; third part measurement methods of management ability are summarized, and based on Dermanjian (2013) a new measurement method put forward management capabilities, using data envelopment analysis (DEA) to get the efficiency of enterprises, enterprises and eliminating the influence of inherent factors on the efficiency of enterprises and enterprise management ability, the change trend of computing has been nearly ten years of real estate industry listed companies from 2003 to 2012 by management data; the fourth part is the empirical part, this paper selects 2008-2012 years of real estate listed companies as the sample, the first study of the management ability refers to The subject from the angle measurement, earnings structure using the modified Jones model to measure the earnings quality; from the perspective of accounting principles for the earnings persistence of earnings quality metrics. Finally, using multiple linear regression method is applied to the management and manipulation of accruals and relationship between the physical ability and the persistence of earnings is verified and obtain the corresponding results. The results show that the ability of management and manipulation of accruals is negatively related; management ability and earnings persistence is positively related. That is to say the earnings quality and improve the management capacity of the company will be a corresponding increase. This result tells us in the capital market through the establishment of strict system and the supervision mechanism to ensure the authenticity of the earnings information at the same time, the enterprise itself can also through the managers of financial relations ability, learning ability, the ability of information processing. The purpose of improving the quality of earnings is to improve the management ability of enterprises.

【學位授予單位】：西南交通大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F299.233.4;F275

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