摘要
以2012年~2016年A股上市公司为样本,以上市公司的管理层语调为研究出发点,结合行为财务理论和委托代理理论,探讨管理层语调与盈余管理行为之间的关系。研究发现:上市公司的管理层语调对盈余管理行为起到了配合作用;管理层语调的乐观程度与正向的应计项目盈余管理呈正相关关系,与正向的真实活动盈余管理呈负相关关系;管理层语调"语言膨胀"程度越高,上市公司越有可能进行两种方向一致的盈余管理来调整公司的账面利润和现金流量。
Starting from the language tone of management,based on the theory of corporate finance theory and principal-agent,and using the data of A-share listed-companies from 2012 to 2016,the paper makes a study on the relationship between language tone and earnings management and finds that language tone facilitates the behavior of earnings management; the optimism of language tone has a positive impact on upward accrual-based earnings management,but it has a negative impact on upward real earnings management; the extent of language inflation in language tone indicates that the managers are using the same direction of earnings management to adjust reporting earnings and cash flow.
出处
《广东财经大学学报》
CSSCI
北大核心
2018年第1期86-98,共13页
Journal of Guangdong University of Finance & Economics
基金
国家社会科学基金重点项目(13AGL002)
浙江省自然科学基金项目(LY18G020007)
关键词
盈余管理
应计项目
真实活动
管理层语调
语言膨胀
earnings management
accrual-based earnings management
real earnings management
managerial language tone
language inflation
