企业社会责任能抑制盈余管理行为吗?——基于经济形势差异的研究

Can Corporate Social Responsibility Curb Earnings Management?——Research Based on Differences in Economic Conditions

盈余行为是在信息不对称中滋生的道德风险,该行为严重干扰资本市场的健康运行。从企业盈余管理行为出发,选取避免道德风险的社会责任为视角,在不同经济环境下研究企业履行社会责任与盈余管理行为之间的关系。研究发现,良好的社会责任履行对盈余管理行为具有治理作用,企业滞后一期的社会责任履行对盈余管理行为也有明显的治理作用。经拓展还发现,不同经济环境下企业社会责任的履行对盈余管理行为的治理作用不变。

Bred in information asymmetry,the surplus behavior poses a threat to morals and seriously interferes with the healthy capital market. Starting from the corporate earnings management,this paper studies the correlation between the corporate social responsibility and its earnings management in different economic conditions from the perspective of the social responsibility to avoid moral hazard. The study finds that not only good performance of social responsibility has a governance effect on earnings management,but the corporate social responsibility lagging behind for a period also has an obvious governance effect on earnings management. Moreover, in different economic conditions,the governance effect of corporate social responsibility on earnings management remains unchanged.