扭亏上市公司盈余管理与公司治理的关系研究

Research of Corporate Governance and Earning Management

针对目前上市公司盈余管理问题的日益凸显,利用2006—2009年度中国扭亏上市公司的可操纵性应计利润和满足要求的公司治理财务数据,给出假设并进行模型分析,实证分析结果发现独立董事比例、高管持股比例、机构投资者持股比例、国有股持股比例、融资结构比例对扭亏公司盈余管理存在一定程度的影响,但只有融资结构的影响是显著的。

Listed companies＇earnings management has become increasingly prominent.This paper collected the financial data from 2006to 2009Chinese turn-around listed company discretionary accruals and corporate governance,and established the model to estimate assumptions and empirical analysis.The result shows that twist deficient company earnings management and the proportion of independent directors,managerial ownership,institutional investor shareholding ratio,proportion of state-owned shares,debt and equity ratio are significantly positive or negative correlation.