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。

Government Intervention, Earnings Management and Quality of Information Disclosure

With the outcome of information disclosure ted companies as research sample, this paper analyzes the tion disclosure quality from the perceptive of government quality grading report and the A share data of 3185 lis internal relationship of earning management and informa intervention. The outcome of empirical study shows that government intervention？ and earnings management？ is negatively correlated; government intervention and infor mation disclosure quality is obviously correlated; and government intervention behaviors affect its negative correla tion relationship, which shows that under the situation of government intervention, it is possible for listed companies to lower information disclosure quality to match up with its earnings management so as to make information user out of match with the information of listed companies.