新金融工具准则对企业应计盈余管理的影响研究——基于金融资产分类视角

Research on the Impact of New Financial Instrument Standards on Accrued Earnings Management from the Perspective of Financial Asset Classification

中文关键词:  新金融工具准则  金融资产分类  应计盈余管理  正向盈余管理

英文关键词:new financial instrument standards  financial asset classification  accrued earnings management  positive accrued earnings management

中文摘要:

      原有金融工具准则的顺周期性和滞后性等问题逐渐暴露,为促进金融体系健康发展,财政部于2017年修订了金融工具会计准则。基于2015—2020年我国纯A股上市公司数据,实证检验了新金融工具准则对企业应计盈余管理的影响。研究结果表明,新金融工具准则的实施降低了企业应计盈余管理程度,且对企业正向盈余管理的抑制作用更明显。进一步研究发现,新金融工具准则在非国有企业、低股权集中度企业以及由非大型会计师事务所审计的企业中发挥的边际效应更强。外部环境检验结果显示,新金融工具准则在高法治水平和高市场化程度地区实施的效果更佳,对企业盈余管理的约束更明显。因此,为进一步促进资本市场的健康发展,政府应根据经济环境的变化,不断完善相关会计准则；企业应进一步加强内部治理,提高会计准则执行效果。

英文摘要:

      With the gradually exposed problems in financial instrument standards such as procyclicality and lag nature, the Ministry of Finance of the People's Republic of China revised the financial instrument standards in 2017 in order to maintain healthy development of the financial system. Based on the data of pure A-share listed companies from 2015 to 2020, this paper empirically tests the impact of new financial instrument standards on accrued earnings management. The results show that new financial instrument standards reduce the degree of accrued earnings management, and have a more significantly inhibitory effect on positive accrued earnings management of firms. Further research shows that new financial instrument standards have a larger marginal effect in non-state-owned enterprises, firms with low equity concentration, and firms audited by non-large accounting firms. Results of external environment test show that the performance of new financial instrument standards is better in areas with better rule of law and higher marketization, showing more significant constraints on accrued earnings management. Therefore, the government should improve relevant accounting standards according to changes in economic environment, so as to maintain the healthy development of capital market; and firms should strengthen internal governance to improve the implementation of accounting standards. 