实际活动操控、应计项目操控与会计弹性

Real Activities Manipulation,Accrual Manipulation and Accounting Flexibility

长期以来,盈余管理研究侧重于应计项目操控,而忽视实际活动操控。以中国A股市场的上市公司为研究对象,运用销售性操控、费用性操控和生产性操控反映实际活动操控的内容,分析实际活动操控与应计项目操控和会计弹性的关系。研究发现,会计弹性越低、应计项目操控越低,销售性操控、费用性操控和生产性操控则越高;反之亦然。研究结论表明,实际活动操控不仅与会计弹性呈反向关系,而且在会计弹性的作用下,实际活动操控与应计项目操控之间存在着相互替代的关系。该结论丰富和拓展了盈余管理研究的内容和方向。

For long time,earnings management has focused on accrual manipulation and neglected real activities manipulation.Studying China＇s A-share listed firms,we examine the relationship between real activities manipulation,accrual manipulation and accounting flexibility using sales manipulation,production manipulation and expenses manipulation to reflect real earnings management.We find that the lower the accounting flexibility and accrual manipulation are,the higher the sales manipulation,production manipulation and expenses manipulation are,and vice versa.The conclusions show that the relationships between real activities manipulation and accounting flexibility are negative and with the effect of accounting flexibility,real activities manipulation and accrual manipulation are inter-replaceable.