风险投资与首次公开募股公司盈余管理的关系——基于创业板上市公司数据被引量：11

Empirical Study on Venture Investment and Earnings Management of IPO: Based on GEM Listed Companies

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摘要随着我国资本市场和风险投资的不断成熟与发展,风险投资在我国首次公开募股中占有越来越重要的地位,其经营目标和行为对我国首次公开募股公司的经济行为和决策产生着重要影响。以2010年11月12日之前创业板上市的公司为样本,采用非参数检验和多元回归进行的分析发现,创业板上市公司首次公开募股时存在盈余管理现象,风险资本持股并不能减少创业板上市公司首次公开募股时盈余管理的程度。 As China＇s capital market and venture investment continue to develop,venture investment in China plays an increasingly important role in IPO.Their business objectives and behavior will greatly impact the economic behavior and decision-making of our IPO listed companies.In this paper,using companies listed on GEM before November 12,2010 as the sample,using non-parametric tests and multiple regression analysis,we find company having venture capital will not reduce the level of earning management.

作者索玲玲杨克智

机构地区中央财经大学会计学院

出处《南京审计学院学报》 2011年第2期47-55,共9页 journal of nanjing audit university

基金教育部人文社会科学基金(09YJA790201) 中央财经大学"211工程"三期重点学科建设项目中央财经大学研究生创新基金(2009023)

关键词风险资本创业板首次公开募股盈余管理 venture capital GEM IPO earnings management

分类号 F279.246 [经济管理—企业管理]

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