盈余管理对上市公司年报披露及时性的影响

本文以沪市上市公司为样本,研究了盈余管理对上市公司年报披露及时性的影响。本文研究发现,盈余管理程度与年报披露时间之间存在显著的正相关关系,并进一步研究了盈余管理的方向对年报披露时滞的影响,发现盈余管理的方向对年报披露时间没有显著的影响。为使上市公司年报及时披露,帮助投资者进行有效决策,控制盈余管理将是一个有效的手段。     

审计意见和年报披露会影响盈余质量吗?

本文使用沪深两市A股上市公司的面板数据,分析了审计意见和年报披露及时性与盈余质量的关系,认为二者与盈余质量之间存在显著的相关性:首先,年度财务报告被出具非标类型审计意见的上市公司,盈余质量较低;其次,年报披露越及时的公司,盈余质量越高。另外我们的研究结果还表明年报被出具非标审计意见的公司,会更晚披露财务报告,验证了变更年报预约披露日期(延迟披露)的公司则更容易被出具非标审计意见。     

深市2003年年报披露进度及预约执行情况分析

为了提高上市公司年报信息披露的及时性和均衡性,从2001年报开始,交易所正式对外公开上市公司年报预约披露日期,并在此后的监管实践中把这一制度延伸到半年报和季报.本文以深市上市公司2003年年报披露情况为例,分析预约制度对改进年报披露均衡性和及时性的作用,重点探讨年报披露时间与公司业绩、审计意见、"戴帽""摘帽"等因素之间的关系,并揭示变更预约披露日期公司的主要特征.     

深交所信息披露考评对盈余管理影响的实证研究

信息披露和盈余管理一直是中外学者研究的焦点。本文以深市的2007—2009年A股上市公司为研究样本,用修正的琼斯截面模型计量盈余管理,以深交所的信息披露考评结果为解释变量,实证研究信息披露考评的结果对盈余管理影响程度,研究结果显示信息披露考评结果对盈余管理具有一定的抑制作用。     

内部控制信息披露与盈余管理的相关性研究——以浙江省上市公司为例

本文以2011-2012年深圳证券交易所的浙江省上市公司为研究对象,实证检验内部控制信息披露与盈余管理的相关性。结果表明,上市公司内部控制信息披露质量与盈余管理程度之间存在显著的负相关关系。这意味着,加强上市公司内部控制建设,提高内部控制信息披露质量,能够有效抑制上市公司管理层的盈余管理行为,对于提高会计信息质量、完善资本市场建设有着积极的作用。     

内部控制信息披露与盈余管理的相关性研究—以浙江省上市公司为例

本文以2011—2012年深圳证券交易所的浙江省上市公司为研究对象,实证检验内部控制信息披露与盈余管理的相关性。结果表明,上市公司内部控制信息披露质量与盈余管理程度之间存在显著的负相关关系。这意味着,加强上市公司内部控制建设,提高内部控制信息披露质量。能够有效抑制上市公司管理层的盈余管理行为,对于提高会计信息质量、完善资本市场建设有着积极的作用。     

内部控制信息披露与盈余管理的相关性研究——以浙江省上市公司为例

本文以2011-2012年深圳证券交易所的浙江省上市公司为研究对象,实证检验内部控制信息披露与盈余管理的相关性。结果表明,上市公司内部控制信息披露质量与盈余管理程度之间存在显著的负相关关系。这意味着,加强上市公司内部控制建设,提高内部控制信息披露质量,能够有效抑制上市公司管理层的盈余管理行为,对于提高会计信息质量、完善资本市场建设有着积极的作用。     

中国上市公司信息披露机制评价及信息披露指数研究

本文借鉴中外有关上市公司信息披露的研究成果和法律法规,以信息透明度为核心选择信息披露完整性、真实性、及时性三项评价指标,依据实证调研的数据对上市公司信息披露的真实性、及时性和完整性进行统计分析并作出初步评价。中国上市公司在信息披露真实性、及时性、完整性及信息披露指数上的表现均不尽如人意,并且具有明显的不平衡性。分属不同行业、第一大股东性质不同、分属不同省区的上市公司信息披露状况总体偏差,信息披露指数比较低。     

政府干预、盈余管理与信息披露质量——来自深圳股票市场A股上市公司的经验证据

通过以深圳证券交易所2006-2010年信息披露质量评级报告结果及3185家上市公司的A股数据为研究样本,从政府干预的角度分析了盈余管理与信息披露质量之间的内在关系。实证表明,政府干预与盈余管理呈负相关关系;政府干预与信息披露质量显著负相关;盈余管理与信息披露质量呈负相关关系,且政府干预行为影响其负相关关系。这说明在政府干预的情况下,上市公司可能通过降低信息披露质量来配合其盈余管理,从而使信息使用者与上市公司信息不对称。     

及时披露能抑制信息泄露吗?

以深交所2007-2009年披露年报的A股上市公司为样本,本文实证研究了我国上市公司信息披露的及时性对抑制信息泄露与内幕交易的现实效果。研究表明,年报披露及时性逐年提高,披露及时性与信息泄露程度显著负相关,及时披露对抑制信息泄露具显著效用;信息质量与及时性在抑制信息泄露方面具协同作用;与信息质量较好的公司比较,信息质量较差的公司因及时披露对信息泄露的抑制效果更显著,表明及时披露在抑制信息泄露方面对信息质量具替补作用。     

Short-sale refinancing and price adjustment speed to bad news: Evidence from a quasi-natural experiment in China

Short selling may accelerate stock price adjustment to negative news. However, the literature provides mixed evidence for this prediction. Using short-sale refinancing and a staggered difference-in-differences (DID) model, this paper explores the effect of short selling on stock price adjustment. Our results show that (1) short-sale refinancing improves the speed of stock price adjustment to negative news. This result holds after we control for endogeneity. (2) The positive relationship between short-sale refinancing and stock price adjustment speed is significant in subsamples of stocks with higher earnings management or lower accuracy of analyst forecasts, indicating that firms with more opaque information are more likely to be targeted by short sellers. In subsamples of stocks with a higher ownership concentration or lower ownership by institutional investors, short selling is more likely to increase the speed of stock price adjustment, indicating that ownership structure may influence negative news mining. (3) As short-sale refinancing exacerbates the absorption of bad news by stock prices, it increases crash risk. This study enriches the research on the economic consequences of short selling and provides empirical evidence supporting regulations on short selling in China.     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

正The China Journal of Accounting Research"CJAR"(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditing and corporate governance issues that relate to the greater China region.We welcome the submission of both theoretical and empirical research papers pertinent to researchers,regulators and practitioners.Authors should note:     

The China puzzle: Opportunities for accounting research

How can China achieve phenomenal economic growth despite what is considered as 'weak' institutions in market-based economies? Xu(2011) provides a framework to u...     

Aims and Scope

<正>The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to...     

Income smoothing and the cost of debt

The literature on income smoothing focuses on the effect of earnings smoothing on the equity market.This paper investigates the effect of income smoothing on th...     

The case for management history

This article defines the case for treating management history as a discrete subject area, although one closely related to business, accounting, labour, and industrial history. It seeks to concentrate on the nature, process, and practice of management as an activity within the organization, and to argue that it is important that modern British managers understand the intellectual and cultural roots of their profession, since without these they will tend to be swayed by short-term management 'fads'. Within the broad topic there are several identifiable sub-areas for potential exploration, including the comparative historical development of management between different countries, management institutions, managerial careers and labour markets, management structures, management skills, and management thought and theory.     

The life and career of John Spence Ogilvy (1805-71), the first chartered accountant to emigrate to Australia

So far as the available evidence allows, this paper examines the life and career of John Spence Ogilvy, foundation member of the Society of Accountants in Edinburgh in 1854, who emigrated to Melbourne in 1856, but did not play a part in the development of an organized accounting profession in Australia. The paper also attempts to explain the gap of thirty-two years between the formation of the first accounting bodies in Edinburgh and Melbourne.     

Female CFOs and loan contracting: Financial conservatism or gender discrimination? – An empirical test based on collateral clauses

Based on signaling and gender discrimination theory, we examine whether chief financial officer(CFO) gender matters to bank–firm relationships and the designing...     

Guidelines for Manuscripts Submitted to The China Journal of Accounting Research

<正>The China Journal of Accounting Research‘‘CJAR’’(ISSN 1755-3091)publishes quarterly.It contains peer-reviewed articles and commentaries on accounting,auditin...     

The Impact of IFRS Adoption on an Agribusiness Company's Financial Statements

This fictional case is based on a Canadian public company that produces greenhouse vegetables. Focusing on the differences between International Financial Reporting Standards (IFRS) and Canadian Accounting Standards for Private Enterprises (ASPE), this case provides students an opportunity to (1) apply IFRS in a real world setting; (2) prepare and reconcile financial statements under ASPE and IFRS; (3) analyze the impact of IFRS adoption on key financial ratios; and (4) detect and explain differences in financial statements under ASPE and IFRS through common size analysis.