摘要
本文以实证研究方法,运用修正的Jones模型的截面版本,检验了上市公司盈余管理行为对中国证监会1996年1月与1999年3月出台的配股政策的反应,发现我国上市公司的盈余管理行为是政策诱致型的。因此,加强证券市场监管的市场化进程是治理盈余管理问题的根本出路。
This paper uses empirical research method to test the relationship between earnings management and the rights of share-rationing polices promulgated by CSRC in March 1999 and January 1996. To obtain the discretionary and non-discretionary accruals, the author uses cross-sectional adaptation of modified Jones model. This paper proves that the behaviors of earnings management of China's listed companies are induced by share-rationing polices. It is important for China to quicken up the process of market control in the stock market.
出处
《中国软科学》
CSSCI
北大核心
2003年第6期47-51,共5页
China Soft Science
基金
国家自然科学基金资助项目(70172048)
