财经理论与实践
財經理論與實踐
재경이론여실천
THE THEORY AND PRACTICE OF FINANCE AND ECONOMICS
2015年
3期
66-71
,共6页
公司治理%内部监督%高管变更%盈余管理
公司治理%內部鑑督%高管變更%盈餘管理
공사치리%내부감독%고관변경%영여관리
Corporate governance%Internal supervision%Top executives replacement%Earn-ings management
完善的内部监督机制是提高公司治理效率的关键，能有效抑制高管变更时的盈余管理行为。以沪深 A 股上市公司2010~2013年数据，用多元回归方法进行实证检验，结果发现：发生高管变更的企业，高管变更当年存在较为严重的负向盈余管理行为；董事会监督效率越高、监事会越勤勉，以及大股东制衡度越大，该负向盈余管理行为越能得到抑制。鉴此，宜加强企业内部监督机制建设，完善公司治理。
完善的內部鑑督機製是提高公司治理效率的關鍵，能有效抑製高管變更時的盈餘管理行為。以滬深 A 股上市公司2010~2013年數據，用多元迴歸方法進行實證檢驗，結果髮現：髮生高管變更的企業，高管變更噹年存在較為嚴重的負嚮盈餘管理行為；董事會鑑督效率越高、鑑事會越勤勉，以及大股東製衡度越大，該負嚮盈餘管理行為越能得到抑製。鑒此，宜加彊企業內部鑑督機製建設，完善公司治理。
완선적내부감독궤제시제고공사치리효솔적관건，능유효억제고관변경시적영여관리행위。이호심 A 고상시공사2010~2013년수거，용다원회귀방법진행실증검험，결과발현：발생고관변경적기업，고관변경당년존재교위엄중적부향영여관리행위；동사회감독효솔월고、감사회월근면，이급대고동제형도월대，해부향영여관리행위월능득도억제。감차，의가강기업내부감독궤제건설，완선공사치리。
Perfect internal supervision mechanism is usually the key to improve the efficiency of corporate governance.It is useful to restrain the earnings management caused by top executives replacement? We make the research based on the data from 2010 to 2013 Chinese listed company using the multiple regression analysis.The results indicate that top executives replacement causes the decrease of discretionary accruals,and the higher efficiency of the board supervision,the more diligent of the supervisory board,the greater balance of the ownership,can more effectively suppress the decrease of accruals.All of these show that the reasonable internal supervision is useful for a company to weaken managers'misconducts effectively,and to strengthen the con-struction of internal supervision mechanism is the eternal theme of corporate governance.
