摘要
本文考察保荐机构数字化转型对IPO盈余管理的影响。研究发现,保荐机构数字化转型显著降低IPO盈余管理。机制检验表明,数字化转型通过增强保荐机构的信息资源整合能力,提高其在IPO过程中对被保荐企业的会计信息质量的筛选和监督效率,从而抑制IPO盈余管理。异质性分析发现,当保荐机构声誉较低、被保荐企业为非国有企业、信息透明度较低以及管理层较为短视时,保荐机构数字化转型对于IPO盈余管理的抑制作用更加明显。本研究丰富了IPO情境下的盈余管理研究,深化了对数字化转型的认知,为监管部门和金融机构的决策提供了重要参考。
This paper examines the impact of sponsors'digital transformation on initial public offering(hereafter IPO)earnings management.We find that sponsors'digital transformation significantly reduces IPO earnings management.The mechanism test shows that sponsors'digital transformation inhibits IPO earnings management by improving the sponsors'information resource integration ability and improving their efficiency in selecting and super-vising the IPO accounting information quality.The cross-section test shows that the effect of sponsors'digital transformation on IPO earnings management is pronounced for non-state-owned enterprises and firms with low reputation sponsors,low transparency,and high myopia.This paper enriches the litera-ture on earnings management in the context of IPOs and provides important decision-making references for regulatory authorities and financial institutions.
作者
平帆
杨丽梅
Ping Fan;Yang Limei
出处
《会计研究》
北大核心
2025年第7期47-61,共15页
Accounting Research
基金
北京工商大学科研平台委托课题研究基金(GZGL202208)资助。
