管理者过度自信对会计稳健性影响的实证分析

An Empirical Analysis on Managerial Overconfidence and Accounting Conservatism

本文以2011至2013年我国沪深两市主板A股制造业上市公司的相关数据为研究样本,采用Basu模型分析了管理者过度自信对会计稳健性的影响,以及在不同的产权性质下管理者过度自信对会计稳健性的影响。分析结果表明:管理者过度自信行为与公司的会计稳健性负相关;与非国有上市公司相比,我国国有上市公司管理者过度自信与会计稳健性有明显的负相关。

This paper uses the relevant data of Shanghai and Shenzhen＇s mainboard A-share manufacturing public compa- nies over 2011 to 2013 as the study sample,using the Basu model to analyze the effect of overconfidence on accounting conser- vatism and the influence of managerial overconfidence on accounting conservatism under different property rights. The analysis results show：there is a negative relation between managerial overconfidence behavior and accounting conservatism;compared with the non-state-owned public companies, there is a significant negative relation between the managerial overconfidence in state-owned public companies and the accounting conservatism in our country.