企业社会责任与盈余管理——对深圳A股的实证研究

CSR and Earnings Management:Evidence from Shenzhen Stock Market

企业社会责任有利于减少内部管理人员滥用信息优势,增加财务透明度。论文以深圳A股工业上市公司为样本,运用扩展琼斯模型探讨了企业社会责任与盈余管理之间的关系。研究结果表明:企业社会责任与盈余管理之间呈显著负相关;同时,社会责任行为也可能成为上市公司盈余平滑和在亏损年度调减或调增收益行为的掩护。

In order to increase financial transparency,CSR is important for reducing the manager＇abuse of information.Applying the extended Jones model,this paper investigates the relationship between corporate social responsibility and earnings management.The results display that corporate social responsibility and earnings management is a significant negative correlation,more importantly,socially responsible behavior can also be a disguise that listed company undertakes earnings smoothing or reduction in the loss of income.