企业生命周期、攀比心理与盈余管理

Enterprise Life Cycle, Comparing Psychology and Earnings Management

本文以我国A股上市公司为研究样本,从管理层人员的心理出发,探讨薪酬攀比对盈余管理的影响。此外,将微观企业所处的生命周期引入进来,探讨企业生命周期是否会对管理层人员薪酬攀比与盈余管理的关系产生影响。实证研究结果表明,管理层人员薪酬与同行业可比公司人员薪酬中位数相差越大,攀比心理越强,进行的盈余管理程度就越大且企业的生命周期会影响二者之间的关系。相比于成熟期,成长期和衰退期企业的管理层薪酬攀比心理对盈余管理的影响程度更大。

This paper takes China's A-share listed enterprises as a research sample, and discusses the influence of salary comparison on earnings management from the perspective of management personnel psychology. In addition, the paper introduces the life cycle of the micro-enterprises and discusses whether the life cycle of the company will have an impact on the relationship between the salary comparison psychology of management personnel and earnings management. The empirical research results show that the greater the difference between the salaries of management personnel and those of comparable companies in the same industry, the stronger the comparison psychological ratio, the greater the level of earnings management they perform and the life cycle of the company will affect the relationship between the two. Compared with the maturity enterprises, salary comparison psychology of management in the growth enterprises and decline enterprises is more influential to the earnings management.