CAJ | 학술논문

从内部控制的视角，研究内部控制作为企业内部监管机制，探讨其对公允价值与盈余管理间的关系有何影响，即存在内控缺陷和不存在内控缺陷的上市公司运用公允价值进行盈余管理的手段是否一致。以2009至2012年的4300个观测值作为全样本，研究公允价值运用与盈余管理之间的关系，并根据上市公司内部控制情况，进一步将1208个存在内部控制缺陷的观测值和3092个不存在内部控制缺陷的观测值组成非配对样本，研究内部控制水平对公允价值和盈余管理间关系的影响。研究发现：上市公司普遍采用公允价值进行盈余管理，且内部控制缺陷对公允价值和盈余管理的关系产生影响。其影响具体表现为，存在内控缺陷的上市公司只有营业外收入与盈余管理具有显著正相关，而不存在内控缺陷的上市公司则表现为投资收益和资产减值损失与盈余管理具有显著正相关关系。
종내부공제적시각，연구내부공제작위기업내부감관궤제，탐토기대공윤개치여영여관리간적관계유하영향，즉존재내공결함화불존재내공결함적상시공사운용공윤개치진행영여관리적수단시부일치。이2009지2012년적4300개관측치작위전양본，연구공윤개치운용여영여관리지간적관계，병근거상시공사내부공제정황，진일보장1208개존재내부공제결함적관측치화3092개불존재내부공제결함적관측치조성비배대양본，연구내부공제수평대공윤개치화영여관리간관계적영향。연구발현：상시공사보편채용공윤개치진행영여관리，차내부공제결함대공윤개치화영여관리적관계산생영향。기영향구체표현위，존재내공결함적상시공사지유영업외수입여영여관리구유현저정상관，이불존재내공결함적상시공사칙표현위투자수익화자산감치손실여영여관리구유현저정상관관계。
This article studies the influence of internal control on fair value and earnings management. The author chooses 4300 observations from 2009 to 2012 and studies the relationship between fair value and earnings manage- ment. Further, the author compares the fair value and earnings management as well as the influence of internal con- trol on them between 3092 observations with perfect internal control and 1028 observations with internal control de- ficiency. The results indicate that listed Companies usually adopt fair value as earning management tool, and internal control deficiency has influence on fair value and earnings management. The listed companies without internal con- trol deficiency generally use investment income and assets impairment as earnings management tool, and those with internal control deficiency usually use extraordinary income as earnings management tool.