摘要
以中国A股上市公司为研究对象,基于盈余持续性视角研究了现金流操控对盈余质量的影响。利用现金流预测模型将上市公司的经营现金流分为正常部分和操控部分,发现操控现金流的持续性要显著低于正常现金流的持续性,表明现金流操控会使企业的盈余质量下降。和应计操控引起的盈余质量下降相比,现金流操控引起的盈余质量下降更为严重,表明了现金流操控的严重后果。
With the stock A listed companies in China as the study object,this article studies the impact of cash flow control on earnings quality from the view angle of earnings persistence.By applying the cash flow prediction model,the operating cash flow of the listed companies is divided into the normal part and controlled part.It is discovered that the persistence of the controlled cash flow is significantly lower than the normal cash flow,indicating that the control of cash flow will enable the earnings quality of the enterprise to decrease.The decrease in earnings quality caused by cash flow control is even more serious than that caused by accrual control.This shows that there is a grave consequence of the cash flow control.
出处
《西安交通大学学报（社会科学版）》
CSSCI
北大核心
2011年第1期40-43,共4页
Journal of Xi'an Jiaotong University：Social Sciences
基金
教育部博士点基金项目(20070698047)
关键词
现金流操控
应计操控
盈余质量
盈余持续性
cash flow control
accrual control
earnings quality
earnings persistence
