党组织对分类转移盈余管理的影响研究--以混合所有制企业为视角

Influence of Party Organizations on the Earnings Management by Classification Shifting:From the Perspective of Mixed-ownership Enterprises

党组织对管理层行为和公司经营的影响是公司治理研究的重要内容。采用混合所有制企业数据,就党组织对分类转移盈余管理的治理效用及其影响机制进行实证检验,结果发现,党组织能够通过现有的领导体制对分类转移盈余管理产生显著抑制作用,且这种抑制作用会因党组织嵌入企业的方式、企业股权性质和时间窗口的差异而有所不同。这一结果不仅验证了党组织在影响企业行为方面的重要作用,为明晰党组织在企业中发挥作用的路径以及党组织在国有企业与非国有企业中的治理效用对比提供了有效反馈,而且丰富了分类转移盈余管理影响因素的相关研究,为企业完善内部制度和消除制度诱因提供了有益探索。

The influence of Party organizations on management behavior and corporate operations is an important object of research in corporate governance.Based on the data of mixed-ownership enterprises,this paper conducts an empirical study of the governance effectiveness and impact mechanism of the Party organizations on the earnings management by classification shifting.The results show that the Party organizations can significantly inhibit the earnings management by classification shifting through the existing leadership system,and this inhibitory effect will vary with the way the Party organizations are embedded in the enterprises,the nature of the enterprises’equity and the differences in time window.The research findings can not only verify the important role that the Party organizations play in influencing the behavior of enterprises,but also provide effective feedback for clarifying the path for the Party organizations to function in the enterprises and the comparison of the Party’s governance effectiveness in state-owned enterprises and non-state-owned enterprises.In addition,the findings can enrich the relevant research on the factors affecting the earnings management by classification shifting and provide a valuable reference for the enterprises to improve their internal systems and eliminate institutional incentives.