高管过度自信、企业战略差异度与盈余管理

Executive overconfidence and corporate strategy difference and earnings management

选取2014〜2018年沪深A股上市公司数据作为研究对象,通过实证方法研究高管自信程度、企业战略差异度与盈余管理三者之间的逻辑关系。实证结果表明:高管的自信程度能够显著影响企业实施差异化的战略进而加剧盈余管理活动,即企业战略差异度为高管过度自信与盈余管理的中介变量。

This paper selects the data of A-share listed companies in Shanghai and Shenzhen from 2014 to 2018 as the research object,and uses empirical method to study the logical relationship among the level of executive confidence,the degree of corporate strategy difference and earnings management.The empirical results show that the degree of executive confidence can significantly affect the implementation of differentiated strategies and thus intensify earnings management activities,namely the degree of corporate strategic difference is the mediating variable between executive overconfidence and earnings management.