摘要
本文基于2007~2015年沪深两市上市公司的诉讼数据,考察了诉讼风险对企业盈余管理的影响。研究发现:(1)诉讼风险会显著增加企业的盈余管理活动,尤其是负向盈余管理,导致会计信息质量降低;(2)诉讼风险对盈余管理的影响会受到企业的产权性质和政治联系的影响,在国有企业以及有政治联系的民营企业中诉讼风险对盈余管理的影响并不显著,在没有政治联系的民营企业中诉讼风险则会显著增加企业的盈余管理活动。该研究不仅有助于投资者、监管机构等了解企业产权性质和政治联系对诉讼风险的异质性影响,也拓展了诉讼风险与公司治理之间关系的研究。
This study examines the influences of litigation risks on earning management using data on China＇s listed companies from 2007 to 2015. The results show that： （1） litigation risks significantly increase earnings management especially the downward- trend earnings management, which further mitigate accounting information quality. （2） The impact of litigation risk on accounting information quality is significantly negative in private enterprises without political connection, and insignificant in state-owned enterprises and private enterprises with political ties. The research helps investors and regulatory bodies know the impacts of litigation risks on different property ownership and political connections, and enrich researches on the relationship between litigation risks and corporate governance.
出处
《证券市场导报》
CSSCI
北大核心
2017年第7期16-24,共9页
Securities Market Herald
基金
国家自然科学基金项目"金融生态
企业财务质量与资本配置效率"(71272041)
教育部人文社会科学规划项目"会计信息质量
资源配置效率与产业升级研究"(11YJA630085)
对外经济贸易大学中央高校基本科研业务费专项资金资助项目(CXTD5-02)
关键词
诉讼风险
盈余管理
产权性质
政治关联
litigation risk, earnings management, property ownership, political connections
