职工薪酬与会计稳健性——基于中国上市公司的经验证据

企业职工对未来可持续的高工资和管理层对未来低劳动力成本的不同期望,可能导致两者对会计稳健性需求的差异。本文以Khan et al.(2009)的C Score为会计稳健性的计量方式,分析了职工薪酬、工资刚性与会计稳健性的关系。结果显示:较高的职工薪酬与较强的会计稳健性相联系;工资的向下刚性特征与较强的会计稳健性相联系;作为工会规模代理变量的职工人数也与会计稳健性显著正相关。此外2008年实行《新劳动合同法》之后,企业的会计稳健性有了显著提高,这也可能侧面体现了职工与会计稳健性的关系。本文的研究意义在于联结了传统的职工薪酬研究和会计稳健性研究,对Watts(2003)提出的与会计稳健性相关的契约集合进行了扩展,显示了职工薪酬契约对会计稳健性的影响。

Wage and Accounting Conservatism:Evidence from China

Whereas employees want their wages to stay at a sustainably high level,managers want to cut down on labor costs.This contrast may lead to different accounting conservatism preferences between the two parties.We use Khan & Watts'(2009) C score model to examine the effects of wage amount and rigidity on accounting conservatism.We find that the degree of accounting conservatism is positively correlated with(1) the amount of wages,(2) the rigidity of wages and(3) the number of employees.In addition,our results also show that conservatism has increased since the enactment of the Law of the People's Republic of China on Employment Contracts in 2008.This paper connects two different fields(wage and accounting conservatism) and expands on contracts related to the conservatism raised by Watts(2003).