| 我国上市公司盈余管理对资本结构变动影响的实证研究 |
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| 引用本文： | 李宝新,岳亮.我国上市公司盈余管理对资本结构变动影响的实证研究[J].河北大学学报(哲学社会科学版),2009,34(1). |
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| 作者姓名： | 李宝新 岳亮 |
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| 作者单位： | 1. 西安交通大学,管理学院,陕西,西安,710049;河北经贸大学,数学与统计学院,河北,石家庄,050061
2. 西安交通大学,管理学院,陕西,西安,710049 |
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| 摘 要： | 盈余管理对外部融资的影响必将会改变企业资本结构的形成,如果不及时调整杠杆率的变动,这种影响效应会一直持续下去.应用我国A股上市公司8年的面板数据,实证分析了企业盈余管理与资本结构累积变动的关系.可操纵应计利润与公司杠杆率短期变动显著正相关,表明盈余管理水平较高的公司其总债权融资比例也较高.
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| 关 键 词： | 盈余管理 资本结构 累积变动 可操纵应计利润 |
An Empirical Study on the Effects of the Earnings Management on Capital Structure Change from the Listed Companies in China |
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| LI Bao-xin,YUE Liang.An Empirical Study on the Effects of the Earnings Management on Capital Structure Change from the Listed Companies in China[J].Journal of Hebei University(Philosophy and Social Science),2009,34(1). |
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| Authors: | LI Bao-xin YUE Liang |
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| Institution: | 1.School of Management;Xi'an Jiaotong University;Xi'an 710049;Shaanxi;China;2.School of Mathematics-Statistics;Hebei University of Economics & Business;Shijiazhuang 050061;Hebei;China |
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| Abstract: | The earnings management will change the capital structure through impacting on the external financing,and this effect should be sustained if manager do not adjust the leverage changes.In this paper,we examine the effects of earnings management on capital structure cumulate changes by using 8 years panel data of Chinese A-shares listed companies.The evidence shows that the discretionary accruals is strongly related to the leverage short change of company,that is to argue,the company with the higher level of ... |
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| Keywords: | earnings management capital structure cumulate changes discretionary accruals |
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