不同盈余管理手段对于上市公司业绩的影响研究

The Effect of Different Earnings Management on the Performance of China's Listed Companies

使用财务指标度量业绩,用未来业绩对于当年业绩和盈余管理的度量进行回归,通过检验盈余管理的度量前的系数的正负号和显著性来检验不同的盈余管理手段对于公司未来业绩的影响的方向和程度.发现两种手段的调增盈余行为都对公司业绩有显著的负面影响,而使用非主营业务ROE进行的盈余管理对公司业绩的影响更显著.

In this paper, we use accounting index to measure the outstanding achievement, and regress the future accounting index to present accounting index and measurement of earnings management. In order to test the effect of earnings management, we test the sign and the significant of the coefficient before the measurement. We find that the income increasing by beth methods of earnings management have bad effect to the future outstanding achievement of the company, and the effect of non-core ROE is more serious.