原则导向会计准则与公司分类转移盈余管理被引量：3

Principles-based Orientation Accounting Standards and Companies′ Classification Shifting Earnings Management

导出

摘要在资本市场中,分类转移行为由于隐蔽性强、操控成本小而受到广泛关注,成为除传统的应计盈余管理和真实盈余管理外第3种盈余管理方式。已有研究发现公司治理、股权质押和IPO行为等公司内部行为对分类转移行为产生影响,但缺乏关于外部因素对分类转移行为影响的研究。从分类转移盈余管理的视角,采用核心盈余预测模型估算分类转移盈余管理水平,以2007年至2020年A股上市公司为样本,通过OLS回归方法研究会计准则导向是否对公司分类转移盈余管理行为产生影响,并进行一系列的稳健性测试。进一步,探讨不同的内、外部公司治理是否对会计准则导向与公司分类转移行为之间的关系产生影响。研究结果表明,会计准则越趋于原则导向,公司分类转移盈余管理水平越高。在原则导向会计准则下,与将期间费用转移至营业外支出相比,公司更倾向于选择将营业成本分类转移至营业外支出的方式,尤其在制造业公司中这种现象更加明显。在通过一系列稳健性检验后,上述结果依然成立。进一步的研究表明,审计委员会和机构投资者可以有效缓解原则导向会计准则对公司分类转移行为的正向影响,发挥良好的治理作用。虽然原则导向会计准则增加了分类转移行为,但是有效的内、外部公司治理可以在一定程度上抑制原则导向下公司进行分类转移盈余管理的情况。探讨会计准则导向与除应计盈余管理和真实盈余管理以外的第3种盈余管理方式之间的关系,丰富了会计准则导向和分类转移盈余管理的研究成果,有助于深入了解公司分类转移行为,为制定会计准则工作提供一定的参考,也为监管机构、投资者和分析师提供经验证据。 In the capital market,the behavior of the classification shifting earnings management has been widely concerned because of its strong concealment and low manipulation cost.It has become the third earnings management method besides the traditional accrual earnings management and real earnings management.Existing studies have found that internal behaviors of companies,including corporate governance,equity pledge,and IPO,have an impact on the behavior of the classification shifting,yet there is lack of studies on the impact of external factors on the behavior of the classification shifting.From the perspective of classification shifting earnings management,this study adopts the core earnings forecast model to estimate the level of classification shifting earnings management.Taking A-share listed companies from 2007 to 2020 as samples,we study whether the orientation of accounting standards has an impact on the behavior of the classification shifting earnings management by means of OLS regression method,and carries out a series of robustness tests.This study further discusses whether different internal and external corporate governance will affect the relationship between accounting standards orientation and companies′behavior of the classification shifting.The empirical results show that the more principles-based the accounting standards,the higher the level of classification shifting earnings management.Moreover,under the principles-based accounting standards,compared with transferring period expenses to non-operating expenses,companies are more inclined to choose the way of transferring operating costs to non-operating expenses.Especially in manufacturing enterprises,this phenomenon is more obvious.These conclusions are still valid after several robustness tests.In the further study,we analyze the influence of internal and external corporate governance mechanisms on the relationship between accounting standards orientation and classification shifting earnings management.The results show that the audit committee and institutional investors can effectively alleviate the positive effect of principles-based accounting standards on classification shifting earnings management,and play a good governance role.Although principlesbased accounting standards increase the behavior of classification shifting,effective internal and external corporate governance can effectively restrain the companies from turning to classification shifting earnings management under the principlesbased accounting standards.We study the relationship between the orientation of accounting standards and the third way of earnings management besides the accrual and real earnings management,which enriches the research of the accounting standards orientation and classification shifting earnings management.It is helpful to deeply understand the classification shifting behaviors of companies,and provides a certain reference for the accounting standards setters,as well as the empirical evidence for regulators,investors,and analysts.

作者周嘉南宋菲罗顺根 ZHOU Jianan;SONG Fei;LUO Shungen(School of Economics and Management,Southwest Jiaotong University,Chengdu 610031,China)

机构地区西南交通大学经济管理学院

出处《管理科学》 CSSCI 北大核心 2022年第6期113-128,共16页 Journal of Management Science

基金国家自然科学基金(71828203) 教育部人文社会科学研究项目(19XJA630006)

关键词会计准则会计准则导向原则导向分类转移盈余管理 accounting standards orientation of accounting standards principles-based orientation classification shifting earnings management

分类号 F275 [经济管理—企业管理]

作者简介周嘉南,管理学博士,西南交通大学经济管理学院教授,研究方向为金融和公司治理等,代表性学术成果为“投资者与创始人的争斗:冲突来源及演化路径——基于我国公司公开冲突事件的案例分析”,发表在2015年第6期《管理世界》,E-mail:zjncf76@aliyun.com;宋菲,西南交通大学经济管理学院博士研究生,研究方向为会计理论和公司财务等,E-mail:lisa9992022@163.com;罗顺根,西南交通大学经济管理学院博士研究生,研究方向为智能算法和优化等,E-mail:luoshungen@163.com