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本文将银行债权从公司总债权中分离出来,研究中国的银行债权对上市公司盈余管理的综合治理效应。基于上市公司2004～2007年共4408个混合数据样本,对银行债权的综合治理效应、银行债权期限结构的治理效应和银行排名对盈余管理的影响进行分析。结果表明,银行总贷款额度、短期贷款和银行声誉与上市公司盈余管理的程度基本上呈负相关关系,短期贷款和银行排名对上市公司盈余管理的治理效应有一定影响,综合治理效应主要是短期贷款的贡献;长期贷款的效应很微弱。结论表明中国的银行对上市公司盈余管理能够发挥一定的监督作用。
This paper separates the bank claims from the company’s total claims and studies the comprehensive governance effect of China’s bank claims on the earnings management of listed companies. Based on a total of 4,408 mixed data samples of listed companies from 2004 to 2007, the paper analyzes the comprehensive governance effect of bank claims, the governance effect of the maturity structure of bank claims and the impact of bank rankings on earnings management. The results show that the total loan amount of banks, short-term loans and bank reputation are basically negatively correlated with the degree of earnings management of listed companies. Short-term loans and bank rankings have a certain impact on the governance effects of earnings management of listed companies, and the comprehensive management effects are mainly short-term The contribution of loans; the effect of long-term loans is very weak. The conclusion shows that Chinese banks can play a supervisory role in the earnings management of listed companies.