摘要
由于我国尚未真正建立起经理人激励机制 ,债务约束软化以及企业家“官本位”等现实情况的存在 ,西方学者在研究上市公司会计政策选择行为时所依据的“分红计划假设”、“债务契约假设”和“政治成本假设” ,在研究我国上市公司会计政策选择问题时并不适用。通过对1 993年到 2 0 0 0年期间上市公司净资产收益率的考察 ,可以发现影响我国上市公司会计政策选择的经济动机与证监会发布的有关增发配股和摘牌等政策密切相关。因此 ,提出了影响我国上市公司会计政策选择的两大经济动机 :“壳资源”假设和“配股生命线”
Because of lack of the manager-incentive system, soft debt restriction and entrepreneurs' ranking as 'government officials', the 'Three Assumptions' i.e. the bonus-plan assumption, the debt-contract assumption and the political cost assumption, which Westerners base their accounting choice of policy on the part of listed companies, are unsuitable for Chinese companies. By reviewing ROEs in CLCs from 1993 to 2000, we find that the economic drivers of the accounting choice of CLCs have been closely related to the regulations put out by the CSRC (China Securities Regulatory Commission), such as the issuance of new securities and the pick-off rules. So we suggest two economic drivers of the choice of accounting policy of CLCs: 'Shell-resource' assumption and 'Dividend-lifeline' assumption.
出处
《江苏大学学报（社会科学版）》
2004年第2期87-92,共6页
Journal of Jiangsu University(Social Science Edition)
