学者型独董与公司盈余质量——基于中国上市公司的经验数据

Academic Independent Directors and Earnings Quality of Company: Based on Study of Chinese Listed Companies

学者型独董普遍存在于中外上市公司董事会中,是公司治理机制的重要组成部分。本文以2005-2015年中国上市公司的数据为研究样本,来考察学者型独董与公司盈余质量之间的彩响关系。研究发现,学者型独董对公司盈余质量有着显著的正向影响;学者型独董对民营企业盈余质量的正向影响作用更为明显。进一步检验发现,学者型独董的声誉水平对公司盈余质量有显著的正向影响作用。本文的启示是学者型独董能够有效发挥治理作用,提高公司信息披露质量。

Academic independent directors are a very important part of corporate governance. This paper chooses the Chinese A-share companies listed from 2005-2015 as research sample, empirically examines the relation between academic independent directors have the earnings quality of compa ny. The results show that, academic independent directors had a significant positive influence on the earnings quality of company;academic independent directors working in private enterprises can play a better role of inhibition of earnings management than working in the state-owned enterprises, and the positive influence on the earnings quality is more significant. For further analysis, we found that the reputation has significant positive impact on the earn ings quality of company. The enlightenment of this paper is that the academic independent director can effectively play the role of governance and improve the quality of company information disclosure.