华东经济管理
華東經濟管理
화동경제관리
East China Economic Management
2014年
5期
139~144
,共null页
盈余反应非对称性 稳健性 费用粘性
盈餘反應非對稱性 穩健性 費用粘性
영여반응비대칭성 은건성 비용점성
asymmetry of earnings response; conservatism; sticky costs
文章运用2008-2011年我国A股主板上市公司数据，首次将会计稳健性和费用粘性纳入同一研究框架来探究盈余反应非对称反应的根源。实证研究结果表明，基于会计稳健性根源的盈余反应非对称性系数不显著，基于费用粘性根源的盈余反应非对称性系数显著为正。这一结果表明，我国公司盈余反应非对称性的根源主要在于费用粘性，而非会计稳健性.
文章運用2008-2011年我國A股主闆上市公司數據，首次將會計穩健性和費用粘性納入同一研究框架來探究盈餘反應非對稱反應的根源。實證研究結果錶明，基于會計穩健性根源的盈餘反應非對稱性繫數不顯著，基于費用粘性根源的盈餘反應非對稱性繫數顯著為正。這一結果錶明，我國公司盈餘反應非對稱性的根源主要在于費用粘性，而非會計穩健性.
문장운용2008-2011년아국A고주판상시공사수거，수차장회계은건성화비용점성납입동일연구광가래탐구영여반응비대칭반응적근원。실증연구결과표명，기우회계은건성근원적영여반응비대칭성계수불현저，기우비용점성근원적영여반응비대칭성계수현저위정。저일결과표명，아국공사영여반응비대칭성적근원주요재우비용점성，이비회계은건성.
Using the data of A-share listed companies from 2008-2011 in China, the paper explores, for the first time, fun damental sources of performance of asymmetry of earnings response by including accounting conservatism and sticky costs in tile same research framework. The empirical results show that the asymmetric coefficient of earnings response due to the root causes of accounting conservatism is not obvious, but the asymmetric coefficient of earnings response based on the root causes of sticky costs is significantly positive, which means that the origin of asymmetry of earnings response of Chinese companies is mainly from sticky costs rather than accounting conservatism.
