【摘要】：在并購的視角下,以中國2009年第一季度至2014年第四季度發(fā)布并購?fù)瓿晒娴臏預(yù)股上市公司為研究樣本,考察中國并購公司的季度性盈余管理擇機行為。根據(jù)并購高風(fēng)險、受關(guān)注度高等特征,結(jié)合中國上市公司盈余管理的資本市場動機和契約動機進行理論分析,并進行實證檢驗。實證結(jié)果顯示,中國發(fā)生并購的上市公司管理者會基于資本市場動機和契約動機擇機在第三季度或第四季度進行機會主義盈余管理。
[Abstract]:From the perspective of M & A, the Shanghai and Shenzhen A-share listed companies issued from the first quarter of 2009 to the fourth quarter of 2014 were taken as the research samples to investigate the quarterly earnings management opportunities of Chinese M & A companies. According to the characteristics of high risk and high attention of M & A, this paper analyzes the capital market motivation and contract motivation of Chinese listed companies' earnings management, and makes an empirical test. The empirical results show that managers of listed companies with M & A in China will choose opportunistic earnings management in the third or fourth quarter on the basis of capital market motivation and contractual motivation.
【作者單位】： 國防大學(xué)聯(lián)合勤務(wù)學(xué)院;云南財經(jīng)大學(xué)統(tǒng)計與數(shù)學(xué)學(xué)院;
【分類號】：F271;F275;F832.51
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本文編號：2358625