从盈余管理角度对独立董事制度有效性的实证分析

文章通过选取上市公司样本,运用均值检验和相关分析等方法从盈余管理角度对我国独立董事制度的有效性进行了实证分析,得出以下结论:独立董事制度的设立对公司盈余管理没有显著影响;独立董事占董事总数的比例与盈余管理之间也没有显著的相关性;自愿设立独立董事的公司与政策规定设立独立董事的公司两者的盈余管理有显著差异,前者的平均值小于后者的平均值。总体上讲我国独立董事制度没能有效监督公司盈余管理行为,其发挥作用还需以公司自身良好素质做平台。

An Empirical Analysis on the Validity of Independent-Directors System in Terms of Earnings Management

In this paper we regard listed companies as samples and use statistical method to investigate the validity of independent-directors system in terms of earnings management.We draw the following conclusions: The establishment of independent director's system has not influenced the company's earnings management;The proportion of independent directors in the board has no remarkable dependence with the company's earnings management.Companies setting up independent-directors system voluntarily have lower earnings management lever than those setting up independent-directors system under the policy.Generally speaking,the independent-directors system doesn't supervise earnings management effectively.