| 1,129 | 3 | 308 |
| 下载次数 | 被引频次 | 阅读次数 |
随着市场经济的不断发展,会计信息的质量影响着投资者等信息使用者的决策有效性。作为重要的会计信息质量要求之一,如何提高会计信息可比性是一个值得研究的重要问题。选取沪深A股2010～2019年的上市公司为样本,从非正式制度视角考察儒家文化对会计信息可比性的影响。研究发现,公司受儒家文化影响越大,其会计信息可比性越高,这种影响通过缓解代理冲突进而作用于会计信息可比性,而且这种积极作用在外部监督水平低、未受外来文化冲击的公司表现更突出。进一步研究发现,儒家文化这类非正式制度作为一种互补治理机制,与公司治理机制相得益彰。此外,高管具有海外背景这一特质会削弱儒家文化对会计信息可比性的促进作用。
Abstract：Accounting information quality plays an important role in decision making of the users of the information,such as investors and the like. As one of the important requirements of accounting information quality,the comparability of accounting information along with how to improve it has been an important accounting research topic. Using a sample of Chinese A-share listed companies for the period of 2010 to 2019,this study extends the literature on the association between Confucian culture and managerial decisions by examining the influence of Confucian culture on the comparability of accounting information. We employ hand-collected data to construct measures of Confucian culture and the comparability of accounting information,and document strong and robust evidence that Confucian culture is significantly positively associated with the comparability of accounting information in Chinese listed firms. The reason is that Confucian culture mitigates agency conflicts and thus lowers agency costs,which increases the comparability of accounting information. In addition,Confucian culture has a stronger positive effect on the comparability of accounting information among enterprises with a low level of external governance than among enterprises with a high level of external governance as well as among enterprises least affected by foreign culture than among enterprises most affected by foreign culture. In particular,the positive association between Confucian culture and the comparability of accounting information attenuates among enterprises employing senior executives with overseas experience. These results suggest that Confucian culture serves as a substitute for the standard corporate governance mechanism.
陈林.2018.会计信息可比性、环境不确定性与审计质量.当代会计评论，11(2):64-81.
陈仕华，杨江变，杨周萍，等.2020.儒家文化与高管-员工薪酬差距.财贸研究，31(5):97-110.
程博，潘飞，王建玲.2016.儒家文化、信息环境与内部控制.会计研究，（12):79-84,96.
程博，宣扬，郝玉贵.2020.儒家文化、税收征管强度与企业避税行为.现代财经（天津财经大学学报），40(10):50-64.
方红星，张勇，王平.2017.法制环境、供应链集中度与企业会计信息可比性.会计研究，（7):33-40,96.
费盛康，余佩琨.2010.中国上市企业外籍高管的监督作用研究.南开管理评论，13(2):16-22.
古志辉.2015.全球化情境中的儒家伦理与代理成本.管理世界，（3):113-123.
侯世英，宋良荣.2020.儒家文化会影响企业审计行为吗?南京审计大学学报，17(6):28-36.
黄国良，李妮妮.2019.儒家文化、市场化程度与企业社会责任.财会月刊，（20):95-102.
金智，徐慧，马永强.2017.儒家文化与公司风险承担.世界经济，40(11):170-192.
孔祥林.2011.世界孔子庙研究.北京：中央编译出版社.
李青原，王露萌.2019.会计信息可比性与公司避税.会计研究，（9):35-42.
李硕豪，陶威.2016.历代状元地理分布解析--兼论高考分省定额制度的合理性与改进.宁波大学学报（教育科学版），38(4):19-25.
李心斐，程宝栋，许恒，等.2020.高管“海归”背景有助于企业社会责任履行吗?--基于A股上市公司的经验数据.经济管理，42(11):56-72.
刘斌，黄坤，酒莉莉.2019.独立董事连锁能够提高会计信息可比性吗?会计研究，（4):36-42.
刘立国，杜莹.2003.公司治理与会计信息质量关系的实证研究.会计研究，（2):28-36,65.
聂辉华.2008.制度均衡：一个博弈论的视角.管理世界，（8):158-167.
潘临，李成艾，熊雪梅.2021.社会信任与会计信息可比性.审计与经济研究，36(3):88-98.
潘临，朱云逸，游宇.2017.环境不确定性、内部控制质量与会计信息可比性.南京审计大学学报，14(5):78-88.
潘越，汤旭东，宁博.2020.俭以养德：儒家文化与高管在职消费.厦门大学学报（哲学社会科学版），（1):107-120.
漆江娜，陈慧霖，张阳.2004.事务所规模·品牌·价格与审计质量--国际“四大”中国审计市场收费与质量研究.审计研究，（3):59-65.
束世宇.2020.儒家文化、外来文化冲击与企业创新.安徽：合肥工业大学.
孙光国，杨金凤.2017.机构投资者持股能提高会计信息可比性吗?财经论丛，（8):65-74.
王苏生，兰召华，余臻，等.2014.分析师关注的外部监督效应研究.大连理工大学学报（社会科学版），35(3):33-38.
王小鲁，樊纲，胡李鹏.2019.中国分省份市场化指数报告（2018）.北京：社会科学文献出版社.
王卓.2021.社会信任与公司会计信息可比性--基于中国综合社会调查（CGSS）的经验研究.财会通讯，（3):37-41.
魏浩，耿园.2019.高端国际人才跨国流动的动因研究--兼论中国吸引高端国际人才的战略.世界经济与政治论坛，（1):121-146.
温忠麟，叶宝娟.2014.中介效应分析：方法和模型发展.心理科学进展，22(5):731-745.
肖虹，陈翔宇，万鹏.2015.公司治理、财务特征与会计信息可比性.当代会计评论，（1):18-38.
胥朝阳，刘睿智.2014.提高会计信息可比性能抑制盈余管理吗?会计研究，（7):50-57,97.
徐细雄，李万利.2019.儒家传统与企业创新：文化的力量.金融研究，（9):112-130.
徐细雄，李万利，陈西婵.2020a.儒家文化与股价崩盘风险.会计研究，（4):143-150.
徐细雄，龙志能，李万利.2020b.儒家文化与企业慈善捐赠.外国经济与管理，42(2):124-136.
徐细雄，朱红艳，淦未宇，等.2018.“海归”高管回流与企业社会责任绩效改善--基于文化趋同视角的实证研究.外国经济与管理，40(5):99-112.
袁振超，韦小泉，操群.2016.代理成本、所有权性质与会计信息可比性.中国会计评论，（4):537-564.
袁知柱，张小曼，于雪航.2017.产品市场竞争与会计信息可比性.管理评论，29(10):234-247.
翟淑萍，王敏，韩贤.2020.交易所财务问询监管与会计信息可比性--直接影响与溢出效应.当代财经，（10):124-137.
张霁若.2017.CEO变更对会计信息可比性的影响研究.会计研究，（11):52-57,96.
Ang J S,Cole R A,Lin J W.2000.Agency costs and ownership structure.The Journal of Finance,55(1):81-106.
Armstrong C S,Guay W R,Weber J P.2010.The role of information and financial reporting in corporate governance and debt contracting.Journal of Accounting and Economics,50(2/3):179-234.
Barth M E,Landsman W R,Lang M,et al.2012.Are IFRS-based and US GAAP-based accounting amounts comparable?Journal of Accounting and Economics,54(1):68-93.
Cascino S,Gassen J.2015.What drives the comparability effect of mandatory IFRS adoption?Review of Accounting Studies,20(1):242-282.
De Franco G,Kothari S P,Verdi R S.2011.The benefits of financial statement comparability.Journal of Accounting Research,49(4):895-931.
De Fond M,Hu X S,Hung M Y.2011.The impact of mandatory IFRS adoption on foreign mutual fund ownership:the role of comparability.Journal of Accounting and Economics,51(3):240-258.
Du X Q.2013.Does religion matter to owner-manager agency costs?Evidence from China.Journal of Business Ethics,118(2):319-347.
Du X Q.2015.Does confucianism reduce minority shareholder expropriation?Evidence from China.Journal of Business Ethics,132(4):661-716.
Du X Q.2016.Does confucianism reduce board gender diversity?Firm-level evidence from China.Journal of Business Ethics,136(2):399-436.
Du X Q,Jian W,Lai S J,et al.2015.Does religion mitigate earnings management?Evidence from China.Journal of Business Ethics,131(3):699-749.
Fang X H,Li Y T,Xin B H,et al.2016.Financial statement comparability and debt contracting:evidence from the syndicated loan market.Accounting Horizons,30(2):277-303.
Francis J R,Pinnuck M L,Watanabe O.2014.Auditor style and financial statement comparability.The Accounting Review,89(2):605-633.
Guiso L,Monte F,Sapienza P,et al.2008.Culture,gender,and math.Science,320(5880):1164-1165.
Hambrick D C,Mason P A.1984.Upper echelons:the organization as a reflection of its top managers.Academy of Management Review,9(2):193-206.
Hunt S D,Vitell S.1986.A general theory of marketing ethics.Journal of Macromarketing,6(1):5-16.
Jiang G H,Lee C M C,Yue H.2010.Tunneling through intercorporate loans:the China experience.Journal of Financial Economics,98(1):1-20.
Kang M J,Kim J W,Lee H Y,et al.2015.Financial statement comparability and audit efficiency:evidence from South Korea.Applied Economics,47(4):358-373.
Kim J B,Li L Y,Lu L Y,et al.2016.Financial statement comparability and expected crash risk.Journal of Accounting and Economics,61(2/3):294-312.
Lew W J F.1979.A Chinese woman intellectual:family,education,and personality.Educational Journal,11:36-46.
Li K,Griffin D,Yue H,et al.2013.How does culture influence corporate risk-taking?.Journal of Corporate Finance,23:1-22.
Li W L,Xu X X,Long Z N.2020.Confucian culture and trade credit:evidence from Chinese listed companies.Research in International Business and Finance,53:101232.
Mc Guire S T,Omer T C,Sharp N Y.2012.The impact of religion on financial reporting irregularities.The Accounting Review,87(2):645-673.
North D C.1991.Institutions.Journal of Economic Perspectives,5(1):97-112.
Otten R,Bams D.2007.The performance of local versus foreign mutual fund managers.European Financial Management,13(4):702-720.
Tirole J.2006.The Theory of Corporate Finance.New Jersey:Princeton University Press.
Wang C.2014.Accounting standards harmonization and financial statement comparability:evidence from transnational information transfer.Journal of Accounting Research,52(4):955-992.
Yu W,Zhu K Y,Huang H Q,et al.2021.Does confucianism influence corporate earnings management?.Research in International Business and Finance,56:101390.
(1)参见http://news.12371.cn/2016/07/01/VIDE1467350701120172.shtml[2021-10-29]。
(1)参见http://culture.people.com.cn/n/2015/1015/[2021-10-29]。
(1)参见http://cpc.people.com.cn/n1/2016/0519/c64094-28361550.html[2021-10-29]。
(1)参见http://culture.people.com.cn/n/2015/1015/[2021-10-29]。
基本信息:
中图分类号:F832.51;F275;B222
引用信息:
[1]王建琼,李明,曹世蛟.非正式制度的治理作用——基于儒家文化对会计信息可比性影响的实证研究[J].当代会计评论,2021,14(03):110-137.
基金信息:
国家社会科学基金一般项目“基于社会网络的企业社会责任与绿色治理的关系研究”(16BGL004)的资助
2022-01-29
2022-01-29
