论文部分内容阅读
利用2001-2014年我国上市公司的财务数据,实证检验了行业竞争压力对不同生命周期企业应计盈余管理和真实盈余管理的影响。行业竞争压力是从三个维度进行衡量,即现存行业竞争压力、潜在行业竞争压力和行业盈利能力。实证结果显示:行业竞争程度高的成长期企业,其应计盈余管理和真实盈余管理程度显著低于成熟期企业;高行业竞争压力下的衰退期企业,其应计盈余管理程度显著低于成熟期企业,但其真实盈余管理程度显著高于成熟期企业。这说明较高的行业竞争压力抑制了成长期企业、成熟期企业和衰退期企业的应计盈余管理,同时抑制了成长期企业和成熟期企业的真实盈余管理,但加剧了衰退期企业的真实盈余管理。
Using the financial data of listed companies in our country from 2001 to 2014, this paper empirically tests the influence of industry competitive pressures on accrued earnings management and real earnings management of enterprises with different life cycles. Competitive pressures in the industry are measured in three dimensions, namely, the existing industry competition pressure, potential industry competition pressure and industry profitability. The empirical results show that: the growing degree of competition in the industry, its accrued earnings management and real earnings management was significantly lower than that of mature enterprises; under the competitive pressure of high-growth enterprises, their accrued earnings management was significantly lower than the mature Period of enterprise, but its real earnings management is significantly higher than that of mature enterprises. This shows that the higher industry pressure of competition restrained the accrued earnings management of growing enterprises, mature enterprises and recessionary enterprises while restraining the real earnings management of growing enterprises and mature enterprises, but exacerbated the reality of the enterprises in recession Earnings management.