会计准则、证券监管规则与盈余管理——基于债务重组准则变迁视角

摘要

Through an analysis of the listed companies＇ debt restructuring data of 1999-2008,this article sets up the logistic model,which helps analyze how the rule of debt-recombination and securities supervision influence the earnings management.The evidences show that rules on securities supervision play a more effective role in restricting earnings management than accounting standards.Accounting standards only change the tools and methods,so in order to restrict earnings management,we need to improve the rules on securities supervision and coordinate the interests of the related sides.%通过建立LOGIT回归模型分析债务重组准则三次变迁和证券监管规则的历次修订对盈余管理的影响,结果发现会计准则的历次变迁只是影响了盈余管理手段和形式,并没有控制住盈余管理的发生;上市公司大股东和经理层通过合谋进行盈余管理,迎合或规避证券监管规则以保护和利用上市公司壳资源,进而牟取其他利益相关者（尤其是中小股东）的利益,是盈余管理行为产生的直接诱因和根本原因。因此,要制约盈余管理行为,需要改进证券监管规则,协调主要利益相关者的利益。