区域经济视域下的董事会独立性与盈余质量——基于长三角地区上市公司的经验数据

Board Independence and Earnings Quality from the Perspective of Regional Economics

本文以2009-2013年沪深A股长三角地区的上市公司作为研究样本,借助扩展的JONES模型,分析了区域经济视域下董事会独立性对盈余质量的影响机理。研究发现:加强董事会的独立性有助于提高公司的盈余质量;董事会独立性对盈余质量的影响,主要体现为独立董事工作地和公司注册地的一致性对正向操控性应计利润的影响;由于契约动因的存在,长三角地区上市公司的盈余管理行为主要表现为正向的盈余管理。

This paper discusses the relation between board independence and earnings quality from the perspective of the regional economic.Taking the listed companies of the Yangtze River Delta region in China's capital market from 2009 to 2013 as a sample,with the extended JONES model,the paper tests the relation.The results show that an independent board can help improve earnings quality,the impact of board independence on earnings quality means the impact of the consistency of the independent director's work place and the firm's registration location on the positive discretionary accruals profits,and the listed companies mainly do the positive earnings management in the Yangtze River Delta region.