境外上市对公司盈余管理的影响及其路径研究
6139 
444
上海财经大学学报 2013 年 第 15 卷第 03 期, 页码：76 - 84
摘要
参考文献
摘要
境外上市能否促进企业会计信息质量的提升尚无定论,本文以盈余质量衡量企业的会计信息质量,研究结论支持境外上市能有效提高公司的盈余质量和减少盈余管理现象,支持绑定理论对中国境外上市企业成立。本文进一步探讨绑定理论发挥效果的具体路径,通过对内部公司治理因素和外部投资者监督因素的分析,发现内部因素(审计委员会人数和聘请会计师事务所质量)和外部因素(分析师覆盖率)均对盈余质量的提高有显著影响,以此表明绑定效应是通过法律监督和外部市场监督两个方面同时发挥作用,内部动因和外部压力均会产生绑定效应。
[1]吴联生,王亚平.盈余管理程度的估计模型与经验证据:一个综述[J].经济研究,2007,(8).
[2]沈红波,廖冠民,廖理.境外上市、投资者监督与盈余质量[J].世界经济,2009,(3).
[3]谭洪涛,蔡春.新准则实施会计质量实证研究——来自A股上市公司的经验证据[J].中国会计评论,2009,(9).
[4]Arya A.,J.Glover and S.Sunder.Earnings management and the revelation principle[J].Review of Ac-counting Studies,1998,3,7-34.
[5]Bushman R.,J.Protroski and A.Smith.Insider Trading Restrictions and Analysts’Incentives to FollowFirms[J].Journal of Finance,2005,60,35-66.
[6]Coffee J.Racing Towards the top:The Impact of Cross-listing and Stock Market Competition on Interna-tional Corporate Governance[J].Columbia Law Review,2002,102,1757-1832.
[7]Cornett M.,J.McNutt and H.Tehranian.Corporate governance and earnings management at large U.S.bank holding companies[J].Journal of Corporate Finance,2009,15,412-430.
[8]Demski J.Performance measure manipulation[J].Contemporary Accounting Research,1998,15,261-285.
[9]Dechow P.,W.Ge and C.Schrand.Understanding earnings quality:A review of the proxies,their determi-nants and their consequences[J].Journal of Accounting and Economics,2010,50,344-401.
[10]Dyck A.,A.Morse and L.Zingales.Who blows the whistle on corporate fraud?[D].Working Paper,2009.
[11]Francis J.and D.Wang.The joint effect of investor protection and Big 4audits on earnings quality aroundthe world[J].Contemporary Accounting Research,2008,25,157-191.
[12]Haw I.,B.Hu,L.Hwang and W.Wu.Ultimate ownership,income management,and legal and extra-legalinstitutions[J].Journal of Accounting Research,2004,42,423-462.
[13]Healy P.and J.Wahlen.A Review of the Earnings Management Literature and its Implications for Stand-ards Setting[J].Accounting Horizons,1999,13,365-383.
[14]Healy P.and K.Palepu.Information Asymmetry,Corporate Disclosure,and the Capital Markets:A Re-view of the Empirical Disclosure Literature[J].Journal of Accounting and Economics,2001,31,405-440.
[15]Jensen M.and W.Meckling.Theory of the Firm:Managerial Behavior,Agency Costs and OwnershipStructure[J].Journal of Financial Economics,1976,3,305-360.
[16]Jensen M.The Modern Industrial Revolution,Exit,and the Failure of Internal Control Systems[J].Journalof Finance,1993,48,831-880.
[17]Jones J.Earnings Management during Import Relief Investigations[J].Journal of Accounting Research,1991,29,193-228.
[18]Kim J.,R.Chung and M.Firth.Auditor Conservatism,Asymmetric Monitoring,and Earnings Management[J].Contemporary Accounting Research,2003,20,323-359.
[19]Lang M.,J.Raedy and W.Wilson.Earnings Management and Cross listing:are Reconciled Earnings Com-parable to US Earnings?[J].Journal of Accounting and Economics,2006,42,255-283.
[20]Lee Hei Wai and M.Valero.Cross-listing Effect on Information Environment of Foreign Firms:ADRType and Country Characteristics[J].Journal of Multinational Financial Management,2010,20,178-196.
[21]Leuz C.,D.Nanda and P.Wysocki.Earnings management and Investor Protection:an International Com-parison[J].Journal of Financial Economics,2003,69,505-527.
[22]Siegel J.Can Foreign Firms Bond themselves Effectively by Submitting to U.S.Law?[J].Journal of Fi-nancial Economics,2005,75(2),319-360.
[23]Yermack D.Higher Market Valuation of Companies with a Small Board of Directors[J].Journal of Finan-cial Economics,1996,40,185-211.
[24]Yu Fang.Analyst Coverage and Earnings Management[J].Journal of Financial Economics,2008,88,245-271.
[2]沈红波,廖冠民,廖理.境外上市、投资者监督与盈余质量[J].世界经济,2009,(3).
[3]谭洪涛,蔡春.新准则实施会计质量实证研究——来自A股上市公司的经验证据[J].中国会计评论,2009,(9).
[4]Arya A.,J.Glover and S.Sunder.Earnings management and the revelation principle[J].Review of Ac-counting Studies,1998,3,7-34.
[5]Bushman R.,J.Protroski and A.Smith.Insider Trading Restrictions and Analysts’Incentives to FollowFirms[J].Journal of Finance,2005,60,35-66.
[6]Coffee J.Racing Towards the top:The Impact of Cross-listing and Stock Market Competition on Interna-tional Corporate Governance[J].Columbia Law Review,2002,102,1757-1832.
[7]Cornett M.,J.McNutt and H.Tehranian.Corporate governance and earnings management at large U.S.bank holding companies[J].Journal of Corporate Finance,2009,15,412-430.
[8]Demski J.Performance measure manipulation[J].Contemporary Accounting Research,1998,15,261-285.
[9]Dechow P.,W.Ge and C.Schrand.Understanding earnings quality:A review of the proxies,their determi-nants and their consequences[J].Journal of Accounting and Economics,2010,50,344-401.
[10]Dyck A.,A.Morse and L.Zingales.Who blows the whistle on corporate fraud?[D].Working Paper,2009.
[11]Francis J.and D.Wang.The joint effect of investor protection and Big 4audits on earnings quality aroundthe world[J].Contemporary Accounting Research,2008,25,157-191.
[12]Haw I.,B.Hu,L.Hwang and W.Wu.Ultimate ownership,income management,and legal and extra-legalinstitutions[J].Journal of Accounting Research,2004,42,423-462.
[13]Healy P.and J.Wahlen.A Review of the Earnings Management Literature and its Implications for Stand-ards Setting[J].Accounting Horizons,1999,13,365-383.
[14]Healy P.and K.Palepu.Information Asymmetry,Corporate Disclosure,and the Capital Markets:A Re-view of the Empirical Disclosure Literature[J].Journal of Accounting and Economics,2001,31,405-440.
[15]Jensen M.and W.Meckling.Theory of the Firm:Managerial Behavior,Agency Costs and OwnershipStructure[J].Journal of Financial Economics,1976,3,305-360.
[16]Jensen M.The Modern Industrial Revolution,Exit,and the Failure of Internal Control Systems[J].Journalof Finance,1993,48,831-880.
[17]Jones J.Earnings Management during Import Relief Investigations[J].Journal of Accounting Research,1991,29,193-228.
[18]Kim J.,R.Chung and M.Firth.Auditor Conservatism,Asymmetric Monitoring,and Earnings Management[J].Contemporary Accounting Research,2003,20,323-359.
[19]Lang M.,J.Raedy and W.Wilson.Earnings Management and Cross listing:are Reconciled Earnings Com-parable to US Earnings?[J].Journal of Accounting and Economics,2006,42,255-283.
[20]Lee Hei Wai and M.Valero.Cross-listing Effect on Information Environment of Foreign Firms:ADRType and Country Characteristics[J].Journal of Multinational Financial Management,2010,20,178-196.
[21]Leuz C.,D.Nanda and P.Wysocki.Earnings management and Investor Protection:an International Com-parison[J].Journal of Financial Economics,2003,69,505-527.
[22]Siegel J.Can Foreign Firms Bond themselves Effectively by Submitting to U.S.Law?[J].Journal of Fi-nancial Economics,2005,75(2),319-360.
[23]Yermack D.Higher Market Valuation of Companies with a Small Board of Directors[J].Journal of Finan-cial Economics,1996,40,185-211.
[24]Yu Fang.Analyst Coverage and Earnings Management[J].Journal of Financial Economics,2008,88,245-271.
引用本文
何婧, 徐龙炳. 境外上市对公司盈余管理的影响及其路径研究[J]. 上海财经大学学报, 2013, 15(3): 76–84.
导出参考文献，格式为：
