企业社会责任与盈余管理治理——基于盈余管理方式和动机的综合分析

盈余管理产生的根源是信息不对称环境下企业产生的道德风险,严重干扰资本市场的有效运行.文章以盈余管理产生的根源为出发点,选取能够降低企业道德风险的社会责任作为视角,研究在中国当前环境下,社会责任对企业盈余管理行为的影响效应.研究发现:社会责任对企业盈余管理行为具有治理作用,良好的社会责任表现可以降低企业的整体盈余管理水平,不过,相对于应计项目盈余管理,社会责任对企业真实活动盈余管理行为的治理作用更为显著;并且即使在企业具有较强的资本市场动机时,社会责任的这种治理作用也并不会减弱,依然能够较好地抑制企业的盈余管理行为.文章细化和拓宽了关于盈余管理治理机制的研究,为监管层更好解决上市公司盈余信息质量问题提供了新的思路.

Governance effect of CSR on earnings management based on the patterns and motivations of earnings management

The origin of earnings management is moral hazard from information asymmetry, which will disturb the efficiency of the capital market. Based on this, this paper choses social responsibility(CSR) as perspective to analyze the effect of CSR on earnings management. It is found that CSR can constrain the behavior of earnings management for corporations, and reduce the total level of earnings management. Moreover, considering the patterns of earnings management, CSR mainly controls the real activities earnings management. And when the corporations have stronger motivations, the effect of CSR on earnings management will not change.