创业板上市公司社会责任与盈余管理

本文首先基于理论分析提出了一个理论假设,即创业板上市公司社会责任与盈余管理间存在负相关关系。其次以2010-20122010 2012年间462家创业板上市公司为样本,在利用Jones修正模型度量创业板上市公司盈余管理行为以及构建创业板上市公司社会责任综合指数的基础上,实证检验了创业板上市公司社会责任状况与盈余管理行为之间的关系。研究发现,创业板上市公司社会责任与盈余管理行为间存在显著的负相关关系,即履行社会责任程度越高,相应的盈余管理程度就越低,这表明社会责任的履行可以抑制创业板上市公司的盈余管理行为。

Firstly, based on the theoretical analysis, this paper thinks that the GEM listed companies＇ social responsibilities have the negative correlation with earnings management. Secondly, using the 462 data of companies listed on GEM between 2010 and 2012, based on measuring the GEM listed companies＇ earnings management with Jones correction model and building the composite indexes of GEM listed companies＇ social responsibilities, this paper makes an empirical test on the relationship between social responsibility and earnings management. The study shows that there is the significantly negative correlation between social responsibility and earnings management of companies listed on GEM. The better social responsibilities the companies hsted on GEM have, the lower the earnings management is, indicating social responsibilities can inhibit the GEM listed companies＇ earnings management.