强势企业、政治关系与盈余管理方式——来自深沪上市公司的经验证据

The Strong Enterprises,Political Relations and the Way of Earnings Management

将盈余管理方式分为应计盈余管理与真实活动盈余管理,以深沪两市19个行业的企业2009~2013年数据为样本,研究发现强势企业较弱势企业进行了相对较高的真实盈余管理与较低的应计盈余管理。有政治关系的强势企业比无政治关系的强势企业进行了较高的应计盈余管理。从真实盈余管理的方向来看,强势企业利用隐蔽的盈余管理方式将业绩做大使得其强者表现更强。

The earnings management is divided into accrual earnings management and real earnings management.This study found that the stronger companies had relatively higher real earnings management and lower accrual earnings management than the weaker ones,using a sample of Shanghai and Shenzhen A-Share listed companies between 2009 and 2013.The stronger companies with political relations had higher accrual earnings management than those without political relations.Due to the concealment of earnings management,the strong enterprises makes the strong performances stronger.