企业生命周期改进了应计模型吗?——基于中国上市公司的实证检验

Does Firm life cycle improve accrual model:Evidence from Chinese listed companies

本文采用多种方法,运用中国上市公司1998年—2005年的数据,实证检验了加入企业生命周期的代理变量是否改进了应计模型。结果表明,企业的应计特征远比现有模型所反映的丰富和复杂,加入企业生命周期的代理变量,显著改进了常用的应计模型。

This paper investigates whether taking firm life cycle into current accrual model can improve the models or not.Our research is based on data taken from chinese listed companies between 1998 and 2005.The results show Accrual Characteristics are likely much more abundant and more complex than those identified using current empirical methods.Taking life cycle into current accruals model can improve the specification and power of accrual model.