| 412 | 16 | 278 |
| 下载次数 | 被引频次 | 阅读次数 |
文章研究了公司的财务报表可比性是否影响营收计划的准确度,并考察两者之间的关系在不同的内部信息环境和外部信息环境下是否存在差异。文章研究发现:可比性越高的公司,其营收计划准确度越高;可比性与营收计划准确度之间的正向关系在较好的内部信息环境或较好的外部信息环境下更显著。研究结果说明可比性对营收计划准确度起到决定性作用,这一作用在较好的内外部信息环境下更强,这为提高我国上市公司营收计划的质量指明了方向。
Abstract：This study examines whether comparability of financial statement significantly improves the accuracy of revenue plan and investigates whether the above relationship is affected by the internal information environment and the external information environment. The results show that: the accounting information comparability is positively related to the accuracy of revenue plan; the positive relation between comparability of financial statement and the accuracy of revenue plan is more significant under the sound internal information environment or sound external information environment. These results suggest that comparability of financial statement is a determining factor affecting the accuracy of revenue plan,and the positive relationship is greatly influenced by the internal and external information environment,which provides a clear direction for improving the accuracy of revenue plan for listed companies in China.
[1]姜国华.财务报表分析与证券投资[M].北京:北京大学出版社,2008:160-161.
[2]HIRST D E,KOONCE L,VENKATARAMAN S.Management Earnings Forecasts:A Review and Framework[J].Accounting Horizons,2008,22(3):315-338.
[3]NAGAR V,NANDA D,WYSOCKI P.Discretionary Disclosure and Stock-based Incentives[J].Journal of Accounting and Economics,2003,34(1/3):283-309.
[4]LEUZ C,VERRECCHIA R E.The Economic Consequences of Increased Disclosure[J].Journal of Accounting Research,2000,38(3):91-124.
[5]COLLER M T L.Management Forecasts and Information Asymmetry:An Examination of Bid-Ask Spreads[J].Journal of Accounting Research,1997,35(2):181-191.
[6]SKINNER D J.Why Firms Voluntarily Disclose Bad News[J].Journal of Accounting Research,1994,32(1):38-60.
[7]COTTER J,TUNA I,WYSOCKI P D.Expectations Management and Beatable Targets:How Do Analysts React to Explicit Earnings Guidance?[J].Contemporary Accounting Research,2006,23(3):593-624.
[8]WANG I Y.Private Earnings Guidance and Its Implications for Disclosure Regulation[J].The Accounting Review,2007,82(5):1299-1332.
[9]王玉涛,王彦超.业绩预告信息对分析师预测行为有影响吗[J].金融研究,2012(6):193-206.
[10]WILLIAMS P A.The Relation between a Prior Earnings Forecast by Management and Analyst Response to a Current Management Forecast[J].The Accounting Review,1996,71(1):103-115.
[11]万鹏,曲晓辉.董事长个人特征、代理成本与营收计划的自愿披露——来自沪深上市公司的经验证据[J].会计研究,2012(7):15-23.
[12]DE FRANCO G U S,KOTHARI S P,VERDI R S.The Benefits of Financial Statement Comparability[J].Journal of Accounting Research,2011,49(4):895-931.
[13]BARTH M E.财务报告的全球可比性——是什么、为什么、如何做以及何时实现[J].会计研究,2013(5):3-10.
[14]WANG C.Accounting Standards Harmonization and Financial Statement Comparability:Evidence from Transnational Information Transfer[J].Journal of Accounting Research,2014,52(4):955-992.
[15]DECHOW P,GE W,SCHRAND C.Understanding Earnings Quality:A Review of the Proxies,Their Determinants and Their Consequences[J].Journal of Accounting and Economics,2010,50(2/3):344-401.
[16]BIDDLE G C,HILARY G.Accounting Quality and Firm-level Capital Investment[J].The Accounting Review,2006,81(5):963-982.
[17]BUSHMAN R M,PIOTROSKI J D,SMITH A J.Capital Allocation and Timely Accounting Recognition of Economic Losses[J].Journal of Business Finance&Accounting,2011,38(1/2):1-33.
[18]MCNICHOLS M F,STUBBEN S R.Does Earnings Management Affect Firms'Investment Decisions?[J].The Accounting Review,2008,83(6):1571-1603.
[19]辛清泉,孔东民,郝颖.公司透明度与股价波动性[J].金融研究,2014(10):193-206.
[20]KADAN O,MADUREIRA L,WANG R,et al.Analysts'Industry Expertise[J].Journal of Accounting and Economics,2012,54(2/3):95-120.
[21]BEYER A,COHEN D A,LYS T Z,et al.The Financial Reporting Environment:Review of the Recent Literature[J].Journal of Accounting and Economics,2010,50(2/3):296-343.
[22]LANG M H,LUNDHOLM R J.Corporate Disclosure Policy and Analyst Behavior[J].The Accounting Review,1996,71(4):467-492.
[23]KASZNIK R,LEV B.To Warn or Not to Warn:Management Disclosures in the Face of an Earnings Surprise[J].The Accounting Review,1995,70(1):113-134.
[24]AJINKYA B,BHOJRAJ S,SENGUPTA P.The Association between Outside Directors,Institutional Investors and the Properties of Management Earnings Forecasts[J].Journal of Accounting Research,2005,43(3):343-376.
[25]KARAMANOU I,VAFEAS N.The Association between Corporate Boards,Audit Committees,and Management Earnings Forecasts:An Empirical Analysis[J].Journal of Accounting Research,2005,43(3):453-486.
[26]罗炜,朱春艳.代理成本与公司自愿性披露[J].经济研究,2010(10):143-155.
[27]JONES J J.Earnings Management During Import Relief Investigations[J].Journal of Accounting Research,1991,29(2):193-228.
[28]BASU S.The Conservatism Principle and the Asymmetric Timeliness of Earnings[J].Journal of Accounting and Economics,1997,24(1):3-37.
[29]李增泉,卢文彬.会计盈余的稳健性:发现与启示[J].会计研究,2003(2):19-27.
[30]DECHOW P M,SLOAN R G,SWEENEY A P.Detecting Earnings Management[J].The Accounting Review,1995,70(2):193-225.
[31]KOTHARI S P,LEONE A J,WASLEY C E.Performance Matched Discretionary Accrual Measures[J].Journal of Accounting and Economics,2005,39(1):163-197.
[32]GOODMAN T H,NEAMTIU M,SHROFF N,et al.Management Forecast Quality and Capital Investment Decisions[J].The Accounting Review,2014,89(1):331-365.
基本信息:
DOI：10.14134/j.cnki.cn33-1336/f.2015.09.006
中图分类号:F275
引用信息:
[1]万鹏,陈翔宇,董望.信息环境、可比性与营收计划准确度[J].商业经济与管理,2015,No.287(09):46-56.DOI:10.14134/j.cnki.cn33-1336/f.2015.09.006.
基金信息:
浙江省自然科学基金项目“我国上市公司营收计划披露的特征研究”(LQ14G020002);; 国家自然科学基金项目“LLP转型、法律风险与审计行为研究”(71302060);; 国家社会科学基金重点项目“公允价值信息采集及指数构建研究”(13AJY005);; 浙江工商大学基金前期研究项目“我国上市公司营收计划披露特征的刻画研究”(1030KU114008)
2015-09-15
2015-09-15