上市公司的盈余管理行为——基于公允价值计量视角

On Earnings Management Behavior of Listed Companies from Perspective of Fair Value Measurement

公允价值计量提高会计信息相关性的同时,可能成为上市公司盈余管理的工具。文章研究结果表明上市公司通过不同类型的公允价值计量实现不同的盈余管理目的,具体表现为:影响公允价值变动损益的公允价值计量被用于进行正向盈余管理;影响其他综合收益与资产减值损失的公允价值计量会被用于负向盈余管理以达到囤积利润的目的;影响营业外收入与股权处置收益的公允价值计量用来进行正向的盈余管理,抑制了负向盈余管理。进一步研究表明,高管变更企业通过后两种公允价值计量进行程度更强的负、正向盈余管理。

Fair value measurement improves the relevance of accounting information, and it may become a tool for earnings management of listed companies. The findings show that the listed companies achieve different kind of earnings management objectives through different types of fair value measurements. The concrete manifestations are as follows: the fair value measurement which changes in fair values influences gain or loss, is used for positive earnings management;the fair value measurement influencing other comprehensive income and asset impairment losses is used for negative earnings management to achieve the purpose of profit hoarding;and the fair value measurement influencing non-operating income and investment income from selling assets is used for positive earnings management and suppresses the negative earnings management. Further research shows that the last two fair value measurements are adopted for more intensively positive and negative earnings managements by the enterprises whose top managers’ turnover.