作　　者： (周晓苏）; ; (杜萌）;

机构地区： 南开大学商学院

出　　处： 《山西财经大学学报》 2016年第9期25-38,共14页

摘　　要： 以我国2003-2014年的非金融业A股公司为研究样本,检验了融资需求、企业生命周期与盈余管理的关系。研究发现,融资需求与应计盈余管理及真实盈余管理显著正相关,而且这种正相关关系在不同生命周期企业中是不同的,其在成长期和衰退期企业中的表现要显著强于成熟期企业。这一结论丰富了企业生命周期、融资与盈余管理的经验研究,对监管机构也具有一定的借鉴意义。 Based on Chinese A-listed non-financial companies from 2003 to 2014, this paper empirically investigates the relationship among financial demand, enterprise life cycle and earnings management. The results show that financial demand with accrual earnings management and real earnings management are all significant positive relation. The impacts of financial demand on accrual earnings management and real earnings management are different as companies belong to different corporate life cycle, and the positive relationship is much bigger in grow stage companies and recession stage companies than that of mature stage. The paper enriches relative researches about enterprise life cycle, finance and earnings management, and has some significance to supervision institution.

关 键 词： 融资需求 企业生命周期 应计盈余管理 真实盈余管理

领　　域： [经济管理—会计学] [经济管理—国民经济]