摘要
以2012-2020年深交所上市公司为研究样本,实证分析了机构调研对企业盈余管理的影响。研究发现机构调研与盈余管理存在U型关系,机构调研的监督治理和合谋获利效力对盈余管理行为产生了非对称性影响,而良好的调研信息披露质量能够缓解资本市场的信息不对称,削弱两者U型关系,这为健全资本市场监管机制提供了新思路。
Taking the listed companies in Shenzhen Stock Exchange from 2012 to 2020 as research samples,the paper empirically analyzes the impact of institutional research on corporate earnings management.The study finds that there is a U-shaped relationship between institutional research and earnings management.The supervision and governance of institutional research and the effects of collusion for profit have an asymmetric impact on earnings management behavior,while the good quality of research information disclosure can alleviate the information asymmetry in the capital market and weaken the U-shaped relationship between the two,which provides new ideas for improving the supervision mechanism of the capital market.
作者
蒋文超
JIANG Wenchao(School of Accounting,Zhejiang Financial College,Hangzhou Zhejiang 310018,China)
出处
《金融理论与教学》
2023年第1期78-85,共8页
Finance Theory and Teaching
基金
浙江省哲学社会科学规划课题成果(省级课题22NDJC335YBM)
浙江省社会科学界联合会研究课题成果(厅级课题2019B10)。
关键词
机构调研
盈余管理
U型关系
监督效应
institutional research
earnings management
U-shaped relationship
supervision effect
