New Accounting Standards for Financial Instruments and Real Earnings Management of Enterprises
The new accounting standards for financial instruments can effectively mitigate the real earnings management behavior of enterprises.This paper takes A-share listed enterprises from 2015 to 2021 as samples,and uses the generalized Difference-in-Differences model(DID)to study the impact of new financial instrument accounting standards on real earnings management of enterprises.It is found that the new financial instruments accounting standard mitigates the real earnings management of enterprises,by reducing the agency cost.Further research finds that the new financial instruments accounting standard inhibits the earnings management motivation driven by financing and performance pressure.It finds that there is a"seesaw"effect between real earnings management and accrual earnings management.In terms of economic consequences,the new accounting standards for financial instruments improve corporate performance and operational efficiency by reducing real earnings management.This paper enriches the relevant research on economic effect evaluation of new financial instruments accounting standards,and also provides reference for understanding and controlling corporate earnings management behoviors.
New Financial Instruments Accounting StandardsEnterprise Real Earnings ManagementEnterprise Financialization
NETL
NSTL
万方数据
