公司治理结构与盈余管理关系研究

Study on the relationship between corporate governance and earnings management

本文以2006-2008年597家上市公司为样本,实证分析了公司治理结构与盈余管理的关系。研究发现,流通股比例、独立董事比例、管理者薪酬与盈余管理程度负相关;董事会人数、未领薪酬董事比例、公司规模与盈余管理程度正相关;董事持股比例、监事会特征、高管持股比例、董事长与总经理两职合一与盈余管理程度不相关。

The influence of corporate governance on earnings management was examined with the data of Chinese listed companies from 2006 to 2008.The result indicated that the proportion of tradable shares,the proportion of independent directors,managerial compensation had a negative relation with the earnings management level.The number of directors,the proportion of unpaid directors,and firm＇s size showed a positive relation with the earnings management level.The percentage of share owned by director,the character of supervisory board,the percentage of share owned by managers,whether or not the board chairman holding a concurrent post of general manager didn＇t have significant influence on the earings management level.