EARNINGS MANAGEMENT AND CHANGES IN THEACCOUNTING STANDARD ON BAD DEBTPROVISIONS EVIDENCE FROM CHINESE LISTEDFIRMS

• 作者: JinshengWang ShuangXue ZhenyuShen
• 来源期刊: 中国会计与财务研究
• 学科: 经济
• 关键词: 坏账准备 上市公司 利润操纵 中国 会计准则 规则导向 原则导向
• 年，卷（期）: zghjycwyj,（2）
• 页码范围: 112-128
• 页数: 17页
• 分类号: F279.246

摘要

The US GAAP is believed to be the best and most comprehensive set of accounting standards in the world. However, the Enron scandal has made the world reconsider it. According to research reports by the US SEC and FASB, principle-based accounting standards should be adopted in the US. But which is better, a GAAP based on principles or on rules? By considering the shift from a rule-based accounting standard to a principle-based one on bad debt provisions in China, this paper examines the association between earnings management and types of accounting standards. We find that listed firms are more likely to manage earnings with discretion under principle-based accounting standards, while rule-based accounting standards limit firms' earnings management behaviour.