| 张俭.债务契约、政府保护与盈余管理——基于2007—2012年上市公司数据的经验研究[J].,2014,15(2):39-43 |
| 债务契约、政府保护与盈余管理——基于2007—2012年上市公司数据的经验研究 |
| Debt Contracts,Government Protection and Earnings Management——Evidence from Chinese listed companies in 2007—2012 |
| 投稿时间：2014-03-04 |
| DOI： |
| 中文关键词: 债务契约 政府保护 盈余管理 |
| English Keywords:debt contracts government protection earnings management |
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| 摘要点击次数: 1407 |
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| 中文摘要: |
| 文章以2007—2012年我国A股非金融行业上市公司为样本，研究债务契约、政府保护与盈余管理的关系。检验结果支持债务契约假设，即公司的负债水平与盈余管理正相关。但在政府保护行业的公司，债务契约假设不成立，而非政府保护行业的公司进行盈余管理以规避债务契约约束的动机更强。 |
| English Summary: |
| Based on the 2007—2012 Chinas A-share non-financial listed companies as samples, this paper researches the the relationship of the debt contract, government protection and earnings management.The results support debt contract hypothesis. It means that the companys debt levels and earnings management are related.But if the companies are not in government protection industries, debt contract hypothesis is not established. In government protection industry, companies have stronger motive to avoid debt contract constraint by earnings management. |
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