管理层股权激励对盈余管理影响的实证研究——基于中国上市公司的经验证据的中期报告.docx

管理层股权激励对盈余管理影响的实证研究——基于中国上市公司的经验证据的中期报告 摘要： 本文旨在研究管理层股权激励对盈余管理的影响，采用中国上市公司的财务数据来进行实证研究。实证结果表明：首先，管理层股权激励对盈余管理具有显著影响，即管理层股权激励的增加将导致公司盈余管理的增加。其次，公司规模和盈余水平也对盈余管理存在显著影响，即公司规模和盈余水平越高，盈余管理程度越高。 本文结论及对策建议： 本文研究结果表明，管理层股权激励对盈余管理具有显著影响，这说明公司应谨慎设计股权激励计划，避免出现过度激励的情况，从而限制盈余管理的发生。另外，公司规模和盈余水平也对盈余管理存在显著影响，这提示公司应该建立健全的内部控制体系，提高透明度，加强对财务报表的监督管控，加强内部审计以及加强对管理层的监督。 关键词：管理层股权激励；盈余管理；公司规模；盈余水平 Abstract: This paper aims to study the impact of management equity incentive on earning management, and adopts the financial data of Chinese listed companies for empirical research. The empirical results show that: firstly, management equity incentive has significant impact on earning management, that is, the increase of management equity incentive will lead to the increase of earning management in the company. Secondly, the size of the company and the level of earnings also have significant influence on earning management, that is, the larger the size of the company and the higher the level of earnings, the higher the degree of earning management. Conclusion and policy recommendations: The research results of this paper show that management equity incentive has significant impact on earning management, which indicates that companies should carefully design equity incentive plans to avoid excessive incentive, thereby limiting the occurrence of earning management. In addition, the size of the company and the level of earnings also have significant influence on earning management, which suggests that companies should establish a sound internal control system, improve transparency, strengthen supervision and control over financial statements, strengthen internal audit and strengthen supervision over management. Keywords: management equity incentive; earning management; company size; earnings level