会计稳健性与非效率投资行为——基于国有控股上市公司的经验证据.pdf

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1、ABSTRACTSincereformandopeningup,ourcountry'smarketeconomicsystemisgrowingstronger.Especially,thestate-ownedenterprises'achievementisremarkable.Thestate-ownedenterprises,whichoccupymoreresourcesandafectwidely,gothroughexpandingautonomy,separationofownershipfrommanagement,establishingmodern

2、enterprisesystemandestablishingtheState-ownedassetsregulatoryinstitution.Thestate-ownedenterprisesdon'thaveoperationaldificultiesanymore,butarewell-managed.Withthestate-ownedenterprises'increasinginvestmentinrecentyears,unclarifiedcontractualrelationship,governmentinterventionandsoftbudge

3、tconstraintsstillremainwhichleadstoinformationasymmetryandagencyproblem.Soappearanceofineficientinvestmentiscommon.Therefore,thispaperwhichisbasedonthestate-ownedenterprises'datainShanghaiandShenzhenAsharesfrom2009to2012isabouttoverifywhatinfluencecanaccountingconservatismmaketoineficient

4、investment.Contentofthisarticleisdividedintofiveparts:Thefirstpartistheintroduction.Thispartdescribesthebackgroundandtheimportanceofthepaper.Andthenitpresentstheresearchmethod,theresearchdesign,theframeworkandtheinnovation.Thesecondpartisreferences.Thereferencesofinefficientinvestmentared

5、ividedintofourparts,whichincludethedefinition，inthestate-ownedenterprises.Thefifthpartistheconclusionandtherevelation.Itincludestheconclusion,therevelation,thelimitationofthispaperandthedirectionforfuturestudy.Theinnovationandfeaturesofthispaperare:(1)VisualangleinnovationThispaperfromthe

6、perspectiveofaccountingconservatismresearchesineficientinvestment.Theresultofthispaperwillenrichthestudyofaccountingconservatism'seconomicconsequences.(2)SampleinnovationPastresearchaimsatthewholelistedcompanies,ratherthanthestate-ownedenterprises.Thispaperexpandstheapplicationofaccountin

7、gconservatism'seconomicconsequencesinthestate-ownedenterprises,whichwillpromotethestate-ownedenterprises.(3)ComparisoninnovationThecentralgovernmentandthelocalgovernmentcontroldifferentresourcesandhavedifferentinterests.LocalState-OwnedAssetsSupervisionandAdministra