摘要
选取金融发展规模、金融发展效率和金融市场化作为金融发展指标,采用2003~2016年我国A股上市公司的面板数据检验金融发展、政府治理与盈余质量的关系。结果表明:金融发展、政府治理水平的提高能够显著改善上市公司的盈余质量。政府治理的法治环境越好、政府干预越低,金融发展对上市公司盈余质量的改善作用越明显,但较强的政府干预会弱化法治环境的作用。
With the panel data of A stock listed companies in China from 2003 to 2012,this paper uses financial development scale,efficiency and marketization as financial development indicators to investigate the relationship of financial development,governance and earnings quality.The results suggest that the improvement of financial development and governance can increase listed companies＇ earnings quality significantly.Meanwhile,the better the law governance is,the lower the government intervention is,the more obvious the positive effects of financial development on listed companies＇ earnings quality are.However,the stronger government intervention will neutralize the effect of the law governance.
作者
崔艳娟
李延喜
陈克兢
CUI Yan-juan1,2,LI Yan-xi1,CHEN Ke-jing1(1. Faculty of Management and Economics, Dalian University of Technology, Dalian 116024, China; 2. School of Management,Dalian Polytechnic University,Dalian 116034,Chin)
出处
《系统工程》
CSSCI
北大核心
2017年第10期1-12,共12页
Systems Engineering
基金
国家社会科学基金资助项目(16BJL013)
辽宁省"百千万人才工程"培养经费项目(辽百千万立项【2015】70号)
辽宁省科学技术计划项目(201601276)
大连市支持高层次人才创新创业项目(2015R086)
关键词
金融发展
盈余质量
政府治理
Financial Development
Earnings Quality
Governance
