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《行業(yè)競爭與上市公司盈余質(zhì)量-研究——基于應(yīng)計利潤和盈余持續(xù)性角度》由會員上傳分享，免費在線閱讀，更多相關(guān)內(nèi)容在應(yīng)用文檔-天天文庫。
1、萬方數(shù)據(jù)北京交通大學(xué)碩士學(xué)位論文ABSTRACTThequalityofearningsinformationisthekeyfactorthatprotectsinvestors’interestsandthatmaintainsthehealthydevelopmentofcapitalmarkets，ithasbeenattractingtheattentionoftheaccountinginformationusersandthepublic．Thefavourofinformationonthecompanyearninginformation
2、ismuchhigherthanthatoftheotheraccountinginformation．Earningsinformationqualitydirectlyaffectthevalueoftheexistenceofaccountinginformation，affecttheinvestors，creditors，managers，regulatorsandotherstakeholders’decision—makingbehavior,andaffectthehealthy,stableandsustainableofthedevel
3、opmentofthesecuritiesmarket．Butaccountingscandals，suchasEnron，WorldCom，intheearly21stCenturydrawthepublic’sattentiontotheearningsquality．Now,thattheearningsinformationoflistedcompaniesinChinaisoflowqualityisanindisputablefact．Earningsmanagementofthesecompaniesisaconlnlonphenomenon
4、andbringsadverseeffectstothecapitalmarkets．Managers’motivesfordisclosureareinfluencedbythefirm。Seconomicdeterminants，institutionalsettings，aswellasindustrycharacteristics．Existingrelatedresearchshowsthattheearningsinformationqualityisnotonlyaffectedbyextemalenvironmentfactors，thei
5、nfluenceoftheinstitutionalenvironmentandtheenterpriseinternal，alsoinfluencedbyindustrycharacteristics．ModemcompetitiontheoryprovidesUSanewperspectivetostudytheeffectontheearningsinformationquality．Theobjectiveofthisthesisistoexaminetheimpactofproductmarketcompetition，asmeasuredbyi
6、ndustryconcentration，onearningsquality．0bespecific，itincludes：(1)theimpactofindustryconcentrationonthequalityofdiscretionaryaccruals；(2)theimpactofindustryconcentrationonthequalityofearningspersistence．Fromtheoreticaldiscussionandempiricalanalysis，Ifundseveralconsistentevidences：a
7、negativerelationexistsbetweenindustryconcentrationandthequalityofearningsinformation。Thesefindingsareconsistentwiththeintuitionthatfirmsinconcentratedindustriestendtoprotecttheircompetitiveadvantageandavoidpublicandpoliticalattentionbychoosingadisclosurepolicythatisofalowerquality
8、．Thisthesiscomplementspriorresear
