中小上市公司治理结构对盈余管理的影响

盈余管理是现代企业代理问题的重要方面,与公司治理结构是否有效存在密切关系。本文以公司治理理论为基础,选取2007～2009年非金融类A股中小上市公司为样本,系统地分析了公司治理结构对盈余管理的影响。研究发现:监事会特征、独立董事比例与盈余管理程度负相关;第一股东持股比例、董事会人数、董事长与总经理两职合一与盈余管理程度正相关。

Earnings management is an important aspect of modern enterprise agency issue, and is closely related with the efficiency of corporate governance structure. Based on corporate governance theory, taking small and medium -sized listed companies in non - finance Class A Share as sample, this paper has systematically analyzed the impacts of company governance structure on earning management. It has been found that the characteristics of the board of supervisors and the proportion of independent directors are negatively related with the extend of earnings management, and the proportion of fist shareholder shareholding, the number of board of directors, integration of both chairman of board of directors and general manager are positively related with earnings management.