产品市场势力与盈余管理实证研究——来自中国上市公司的经验证据

Empirical Research on the Market Power and Earnings Manageent——Empirical Evidence from Chinese Listed Corporation

盈余管理是会计研究领域的一个重要课题,它反映企业财务报告的公允性。目前对盈余管理问题的研究大量集中在盈余管理动机、盈余管理衡量以及盈余管理与公司治理关系等领域,而对盈余管理与产品市场竞争关系的研究较少。结合产业组织理论和盈余管理理论,采用2010—2011年间沪深A股非金融类上市公司横截面数据,从产品市场势力的视角对上市公司盈余管理问题进行实证研究。研究发现,产品市场势力强的上市公司趋向于选择低程度的盈余管理。

Earnings management is an important topic in the field of Accounting Research,which reflects the fairness of corporate financial reporting.Lots of research focused on the motivation of earnings management,the earnings management metrics and the relations between earnings management and corporate governance,but there are less Literature studying the influence of the product market competition on the earnings management.In view of this,we use the Chinese listed corporation data from the Shanghai and Shenzhen Stock Market between 2010 and 2011,studying the issues of earnings management at the perspective of the product market power.Empirical analysis shows that:listed companies with a strong market power tend to trade-off a low level of earnings management.