资产减值与盈余管理——论《资产减值》准则的政策涵义

Asset Impairments and Earnings Management

2006年2月15日我国颁布了《资产减值》准则,规定已确认的资产减值不得转回。本文研究了上市公司的资产减值与盈余管理之间的关系,发现减值前亏损的公司存在以转回和计提资产减值进行盈余管理的行为, 一方面是为了避免亏损,另一方面是为了进行大洗澡(big bath);同时有较弱的证据说明减值前盈利的公司也存在以转回和计提资产减值进行盈余管理的行为,一方面是为了利润平滑化,另一方面是为了达到盈余增长。

The standard of asset impairments was issued at Feb 15, 2006, which doesn't permit to reverse asset impairments. The paper studies the relationship between asset impairments and earnings management, and finds that the companies which lose before asset impairments manage earnings by asset impairments to avoid losses or big bath, and the companies which gain before asset impairments manage earnings by asset impairments to smooth earnings or avoid earnings decreases.