监事会财务监督有效性的实证研究

Empirical Research on the Supervisory Committee Efficency

以上海和深圳证券交易所的指数成份股公司为样本,研究了上市公司监事的财务监督有效性问题。数据统计结果显示,除了在引入独立董事制度当年横截面数据回归结果不显著外,面板数据和其余年度的横截面数据都表明,监事会规模越大,线下项目的盈余管理程度越低,但监事会活动强度与盈余管理的关系不显著。总体而言,监事会对盈余管理起到了弱遏制作用。

The sample of this article includes the companies from shanghai 180 index and Shenzhen 100 index. This article deals with the efficacy of supervisory committee. Our empirical research confirms that larger supervisory committee is associated with smaller earnings management. This article also shows that the role of outside directors in preventing earnings management is similar with that of the board of directors. This article provides empirical conclusion and suggestions to the reform of china corporate governance.