摘要
本文采用规模、能力、意愿、环境四个维度衡量独立董事监督力,利用A股上市公司2002—2004年的数据,通过因子分析、通径分析等方法实证检验了独立董事监督力对盈余稳健性的影响,发现独立董事监督力对盈余稳健性有显著正向影响,且这种影响随公司治理的改善而增强;独立董事的履职环境对盈余稳健性的影响最大,其次是人数规模和会计专业能力,薪酬和声誉的影响则相对最小。
We empirically test the impact of supervision of independent directors on earnings conservatism,using a sample of Chinese listed firms for the period 2002-2004 and pioneering the use of Component Analysis and Path Analysis.We measure the supervision of independent directors with four dimensions,which are scale-dimension,competency-dimension,will-dimension and environment-dimension.We find that the supervision of independent directors had very significant positive effects on earnings conservatism and the environment-dimension had the most important effect.The effects of scale-dimension and competency-dimension were secondary and will-dimension had relative small influence on earnings conservatism.
出处
《会计研究》
CSSCI
北大核心
2008年第9期55-63,共9页
Accounting Research
基金
国家自然科学基金课题"中国上市公司募集资金投向变更行为的特征
机制及模型研究"(项目批准号:70672113)的阶段性研究成果