行业竞争与企业会计稳健性关系实证研究

An Empirical Research on the Relationship between Market Competition and Accounting Conservatism

本文采用我国沪深两地上市的673家公司2001—2010年的经验数据,研究了行业竞争程度和不同行业对样本公司会计稳健性的影响。研究表明,行业竞争程度提高有助于改善企业的会计稳定性,但是企业盈余水平较高的情况下,行业竞争对会计稳定性的作用下降。

Market competition environment plays an important role in accounting conservatism of corporate finance.This paper uses the data of 673 companies listed in Shanghai and Shenzhen Stock Exchange from 2001 to 2010.Based on hthe model of Basu(1997),we examines the relation between product market competition and accounting conservatism and use quantile regression method to test the robustness of the results.We find that: First,intense product market competition improves accounting conservatism.Second,the effect of market competition on accounting conservatism decays with the increase of net income.