盈余管理计量模型与关联方交易——一项实证研究

盈余管理计量模型是盈余管理研究的最重要工具之一,这些模型的恰当应用是研究结论有效的重要前提。文章使用中国证券市场A股2000-2004年的经验数据,对应用最广泛的Jones模型和Modified-Jones模型的模型界定①(Model specification)及检定功效(Detecting power)两种统计性质进行评估。结果表明,不同的盈余管理方式对Jones模型的检定功效(Detecting power)有着较大影响。当样本公司存在大量关联方交易时,应用两种Jones模型可能会造成严重的计量误差。

Earning Management Evaluation Model and Related-party Transaction——An Empirical Research

One of the most important tools in research of earning management is the measuring model,whose proper application is the necessity to insure the efficiency of research conclusions.This paper,by using data of china listed companies from 2000 to 2004,examines model specification and detecting power in relation to Jones model and modified-Jones model under various earnings management assumptions,especially when sampled company occured of huge amount of related-party transactions.The results indicate that when there are great deals of related-party transactions in the research sample companies,both Jones and modified-Jones model are likely to produce serious measurement error.