摘要
本文以2005~2013年间披露了年度业绩预告的沪深A股上市公司为样本,研究了财务报表可比性与管理层业绩预告乐观偏差之间的关系,研究发现:财务报表可比性越高的公司,其管理层业绩预告乐观偏差越小,且财务报表可比性对业绩预告乐观偏差的抑制作用在较差的信息环境和监督环境下更强。进一步分析表明,会计准则的国际趋同提高了财务报表可比性,进而降低了管理层业绩预告的乐观偏差。这表明会计准则国际趋同通过可比性这一会计信息质量特征间接影响了公司的信息披露行为,从而丰富了会计准则国际趋同的经济后果和会计信息决策有用观的研究文献。
This study examines whether the financial statement comparability affects the optimistic bias of management's earnings forecast.Based on the listed companies of China A-shares which disclose the annual earnings forecast in 2005-2013,we find that the companies with higher financial statement comparability have less optimistic bias in their management earnings forecasts and the relation between financial statement comparability and the optimism bias of earnings forecast is more significant in poor information environment and lower supervision environment.Further analysis shows that the international convergence of Chinese Accounting Standards has improved the financial statements comparability,which in turn reduced the optimistic bias of management's earnings forecast.The results show that the international convergence of accounting standards influences the corporate information disclosure behavior by the enhancement of financial statement comparability,which enriches the literatures related to economic consequences of accounting standards' convergence and the usefulness of accounting information in decision-making.
出处
《中南财经政法大学学报》
CSSCI
北大核心
2017年第5期13-22,共10页
Journal of Zhongnan University of Economics and Law
基金
国家自然科学基金项目"管理层盈余预测乐观偏差:影响因素与经济后果"(71502166)
浙江省自然科学基金项目"社会信任与管理层盈余预测:理论分析与经验证据"(LQ17G020006)
浙江省哲学社会科学规划课题"民营上市公司强制性业绩预测评价:理论分析与浙江经验"(16NDJC192YB)
关键词
会计准则趋同
财务报表可比性
业绩预告
乐观偏差
Accounting Standards Convergence
Financial Statement Comparability
Earnings Forecasts
Optimistic Bias
