棘轮效应与盈余管理关系研究

Research on the relationship of ratchet effect and earnings management

区分了棘轮效应与盈余管理的正负方向,关注了其他研究中较少关注的负向棘轮效应与负向盈余管理,并用2007-2012年A股上市公司的数据对棘轮效应与盈余管理的关系进行实证分析。结果发现,棘轮效应也是盈余管理的重要动机之一,经理人利用棘轮效应进行盈余管理能为自己在下期带来更大收益。这丰富了盈余管理的动机研究,具有一定的借鉴意义。

This paper has discussed the difference between positive and negative directions of ratchet effect as well as earnings management. It also pays more attention to the negative ratchet effect and earnings management than other scholars do. Furthermore,based on the data of the Chinese A- share companies from 2007 to 2012,the empirical analysis on the relationship of ratchet effect and earnings management has been applied. The results indicate that ratchet effect is one of the important factors triggering the behavior of earnings management,and managers can manage earnings effectively to get more benefits in the next year by ratchet effect. All of these add value on the study of earnings management and have some significance of reference.