基于债务重组的上市公司盈余管理实证研究

Based on Debt Restructuring of Listed Campanies Empirical Study of Eearings Management

新会计准则允许债务人将产生的债务重组收益计入当期损益,为上市公司提供了盈余管理的空间,通过对沪市上市公司2007年度报告的实证分析,发现2007年发生债务重组收益的上市公司确实利用新债务重组准则进行了利润调节。并且,通过对其后续年度经营状况的跟踪研究,发现取得债务重组收益的上市公司在后续会计期间其业绩并没有得到持续改善,说明债务重组并不持续改善上市公司业绩状况。

Under the new accounting standars,profit debts realignment shall be accounted for as current profit or loss,which provides some room for listed company to do surplus management. The analysis of regression based on listed companies of Shanghai security market indicates that,debts re- alignment is used as surplus management method by listed company with bad performance. Furthermore, follow - up research indicates that, those companies had debts gain could not get normal profit during the following accounting period.