摘要
上市公司为了取得股权再融资的资格,在配股以前存在强烈向上的盈余管理动机。通过对242例中国A股上市公司宣布配股信息前后的盈余管理的实证研究,发现中国配股企业在宣布配股信息前两年和宣布配股信息当年存在远高于成熟证券市场和其他新兴证券市场的盈余管理行为,而在宣布配股后第2年和第3年,配股企业没有进行盈余管理,同时还发现信用交易是配股企业盈余管理的重要工具。
The listed companies have strong motivation earnings management beforerights issue (RI) in order to achieve the qualification of equity refinancing. After dealed with a positive study on earnings management of RI in 242 Chinese list companies, it is discovered that Chinese RI firms have earnings management that is much more than developed securities market and other emerged securities market before announcing year, but there is not earnings management after announcing second third year, and it is discovered credit business is a main tool of earnings management.
出处
《重庆大学学报（自然科学版）》
EI
CAS
CSCD
北大核心
2004年第6期140-143,共4页
Journal of Chongqing University
关键词
盈余管理
配股
操控性应计利润
Earnings management
Rights issue
Discretionary accruals
