摘要
为有效控制皮革企业应计利润与实际盈余管理间的相互作用,衡量并直接比较两者对公司未来经营业绩的差异,提出皮革企业定向增发期间的盈余管理对企业经济绩效的影响研究.对皮革企业发行股票的具体对象和各种变量进行描述性统计,采用权责分离模型来衡量企业的收益情况,利用修正后的琼斯模型对应计利润的盈余管理程度实施估计,获得皮革企业真实盈余管理的综合测量.选取净权益利率作为控制变量,控制上市公司利润因素的影响,建立模型检验不同盈余管理方式对皮革企业财务绩效的影响.相关检验表明,在小型皮革制品企业中,实际盈余管理对皮革企业的经营业绩影响较强,而应计利润管理对长期业绩的影响较弱.
In order to effectively control the interaction between the accrued profit and the actual earnings management of leather enterprises, and measure and directly compare the differences between the two on the company’s future operating performance, the impact of earnings management on the economic performance of leather enterprises during the period of private placement was discussed. Based on the descriptive statistics of the specific objects and variables of leather enterprises’ issuing stocks, the separation of rights and responsibilities model were used to measure the income of enterprises, the degree of earnings management of corresponding profits was estimated by using the revised Jones model. The comprehensive measurement of real earnings management of leather enterprises was obtained. The net equity interest rate was selected as the control variable to control the influence of profit factors of listed companies, and a model to test the impact of different earnings management methods on the financial performance of leather enterprises was established. Related inspections show that in small leather product companies, actual earnings management has a strong impact on the operating performance of leather companies, while accrued profit management has a weak impact on long-term performance.
作者
李青
LI Qing(Yangling Vocational&Technical College,Business and Trade Department,Yangling 712100,China)
出处
《中国皮革》
CAS
2021年第6期29-31,35,共4页
China Leather
关键词
皮革企业
定向增发
盈余管理
经济绩效
琼斯模型
leather enterprise
private placement
earnings management
economic performance
Jones model