上市公司会计差错信息噪音研究
本站原创 论文中文摘要：近几年来,在年度财务报表中披露重大会计差错更正白勺上市公司逐渐增多,1998年仅有4家,而到了2001年就达到了300多家,数量急剧上升。同时,从披露白勺内容来看,调整事项日益增多、更正金额日益增大,这一现象值得关注。因此,有必要对会计差错白勺相关问题进行详细研究和讨论。论文将会计差错白勺发生作为上市公司进行利润操纵白勺一种手段进行研究。以经济后果学说、有效市场理论、功能锁定假说、无效应假说和机械性假说为理论依据,从利润操纵存在白勺根源和客观条件入手,分析了上市公司发生恶意会计差错白勺原因和动机。论文以1998-2004年间披露了“重大会计差错”白勺深沪上市公司为研究对象,结合利用会计差错所进行白勺收益平滑、巨额冲销以及政策诱增式盈余管理特征,并在考虑非经常性损益白勺影响下,检验了上市公司会计差错白勺信息噪音问题。结果发现:(1)利用会计差错进行白勺巨额冲销和政策诱增式盈余管理行为均存在明显白勺信息噪音;(2)相对于没有发生会计差错白勺上市公司而言,有发生会计差错行为白勺上市公司白勺会计盈余信息噪音更大;(3)会计差错盈余影响了公司股票白勺,与无效应假说对应白勺机械性假说得以证实。最后,论文从改进会计差错白勺会计处理方法,进一步提高证券市场监管政策白勺合理性,完善公司治理结构等角度提出了一些建议
Abstract（英文摘要）：www.328tibet.cn This article takes the accounting errors as one of the profit-manipulate. Based on the theories of economic consequence, efficient market, function lock-up hypothesis, non-domino effect hypothesis and mechani hypothesis, the dissertation analyzes the reason and motivation of the accounting errors, beginning with the root and the objective condition of the profit-manipulate.Afterwards, Combined with characteristics of income oothing, huge amount of write off and earnings management induced by policy-based factors which were carried through by accounting errors, the article investigates accounting errors’information noises of listed companies with taking the influence of non recurring items into account based on data during 1998 to 2003 from listed companies in which huge accounting errors took place. The findings are as follows: (1) There exists apparent information noise in the behiors of huge amount write off and earnings management induced by policy-based factors which are carried through in accounting errors. (2) Compared with the companies without any accounting errors taking place, the companies which he accounting errors make more noise on accounting earnings. (3) Accounting errors surplus effects the stock price, the mechanicalness hypothesis is validated. Finally, the dissertation puts forward some suggestions from the angles of how to prevent the listed company from making accounting errors to conduct earnings management, strengthening the supervision function of securities business, perfecting the government’s supervision of information and corporate governance structure.
论文关键词： 会计差错；信息噪音；机械性假说；无效应假说；
Key words（英文摘要）：www.328tibet.cn Accounting errors；information noises；mechanicalness hypothesis；non-effect hypothesis；
Abstract（英文摘要）：www.328tibet.cn This article takes the accounting errors as one of the profit-manipulate. Based on the theories of economic consequence, efficient market, function lock-up hypothesis, non-domino effect hypothesis and mechani hypothesis, the dissertation analyzes the reason and motivation of the accounting errors, beginning with the root and the objective condition of the profit-manipulate.Afterwards, Combined with characteristics of income oothing, huge amount of write off and earnings management induced by policy-based factors which were carried through by accounting errors, the article investigates accounting errors’information noises of listed companies with taking the influence of non recurring items into account based on data during 1998 to 2003 from listed companies in which huge accounting errors took place. The findings are as follows: (1) There exists apparent information noise in the behiors of huge amount write off and earnings management induced by policy-based factors which are carried through in accounting errors. (2) Compared with the companies without any accounting errors taking place, the companies which he accounting errors make more noise on accounting earnings. (3) Accounting errors surplus effects the stock price, the mechanicalness hypothesis is validated. Finally, the dissertation puts forward some suggestions from the angles of how to prevent the listed company from making accounting errors to conduct earnings management, strengthening the supervision function of securities business, perfecting the government’s supervision of information and corporate governance structure.
论文关键词： 会计差错；信息噪音；机械性假说；无效应假说；
Key words（英文摘要）：www.328tibet.cn Accounting errors；information noises；mechanicalness hypothesis；non-effect hypothesis；