两类盈余管理之间的部分替代
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| Title | The Partial Substitution Effect of the Two Types of Earnings Management
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| 作者 | 龚启辉 吴联生 王亚平 |
| Author | Gong Qihui,Wu Liansheng and Wang Yaping |
| 作者单位 | 浙江大学管理学院；北京大学光华管理学院 |
| Organization | School of Management,ZheJiang University;Guanghua School of Management,Peking University |
| 作者Email | gongqihui@126.com；wuls@gsm.pku.edu.cn；ywang@gsm.pku.edu.cn |
| 中文关键词 | 盈余管理 会计准则 长期资产减值 |
| Key Words | Earnings management; Accounting standards; Long-lived assets impairment |
| 内容提要 | 本文研究了应计盈余管理与真实盈余管理之间的替代关系。理论研究发现，一类盈余管理成本的增加会导致这类盈余管理程度的下降，而另一类盈余管理程度随之上升，但上升幅度低于下降幅度，从而使得盈余管理总量下降；相反地，一类盈余管理成本的下降会导致这类盈余管理程度的上升，而另一类盈余管理程度随之下降，但下降幅度低于上升幅度，从而使得盈余管理总量上升；实证分析提供了真实盈余管理对应计盈余管理的部分替代的经验证据，发现我国2007年取消长期资产减值准备转回之后，具有正向盈余管理动机的公司转回长期资产减值准备的概率和金额显著下降，通过处置长期资产而提高利润的概率和金额显著增加，而最终利用长期资产账面价值变化而提高利润的概率和金额显著降低。 |
| Abstract | We document the substitution effect between the accrual-based earnings management (AEM) and real transaction-based earnings management (REM). We propose an equilibrium model that if the cost of one type of earnings management (EM) increases, the magnitude of this type of EM will decrease and that of the other type will increase, while the total EM will decrease. However, if the cost of one type of EM decreases, the magnitude of this type of EM will increase and that of the other type will decrease, while the total EM will increase. Empirical analysis provides evidence of the partial substitution effect of AEM to REM. We find that after the termination of long-lived assets impairment reversals in 2007, firms with an upward earnings management motivation decreased the probability and the amount of long-lived assets impairment reversal, whereas increased the probability and the amount of the gain of long-lived assets sales, but the total EM decreased. |
| 文章编号 | WP790 |
| 登载时间 | 2014-12-30 |
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