摘要
本文采用多元回归分析法对影响微利上市公司资产减值准备计提行为的因素进行了分析;运用堆栈回归法对连续微利与亏损年度内上述因素影响同一公司的差异性进行了比较;在考虑公司个体特点的基础上,运用随机效应影响的面板模型进行了敏感性分析。研究表明:行业与盈余管理因素对同一公司在连续的微利与亏损年度前后影响的差异性显著,而企业业绩因素不显著。研究同时发现了因高层管理者变动而进行大清洗行为的证据。
In this paper,factors affecting the allocation behavior of impairment of assets reserves of the listed companies with small profits are analyzed by linear regression analysis,and different influence on the same company by the factors is compared between continued small profits and losses year with stacked regressions.Considering the distinguishing feature of diverse companies,sensitive analysis is processed with random-effect panel data model.The study shows:the difference affected by industry,achievement and earning management factors is not outstanding before and after the year of continued small profits and losses.Simultaneity,the evidence of taking a bath for high administrators' alteration is also discovered.
出处
《管理评论》
2007年第2期33-39,56,共8页
Management Review
