The Impact of the Implementation of the Newly Revised Securities Law on Earnings Management Behavior of Listed Companies in China
It is an issue worth deep exploring whether the implementation of the newly revised Securities Law will have a positive effect on suppressing earnings management behavior of enterprises,thereby improving the quality of accounting information disclosure.Based on research data on A-share listed companies in Shanghai and Shenzhen from 2015 to 2022,this paper analyzes the impact of the implementation of the newly revised Securities Law on the accrued and actual earnings management behavior of enterprises,as well as the moderating effect of internal control quality between the two.The results indicate that the implementation of the newly revised Securities Law has a significant mitigating effect on both the accrued earnings management behavior and the actual earnings management behavior of listed companies,and its impact is more pronounced in companies with better internal control quality.Based on this,it is proposed that listed companies should improve their internal control system and strengthen the cultivation of professional ethics among personnel,regulatory should increase regulatory efforts and further improve relevant laws and regulations.
the newly revised Securities Lawaccrued earnings managementactual earnings managementinternal control
NETL
NSTL
万方数据
