并购、盈余管理与制度背景
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引用本文:罗声明.并购、盈余管理与制度背景[J].财经理论与实践,2011,(2):69-72
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作者单位
罗声明 (海南师范大学 经济与管理学院海南 海口571100) 
中文摘要:对上市公司并购的制度背景和盈余管理的制度背景分析发现,上市公司在我国目前特殊的制度背景下在并购中进行盈余管理是一种理性行为。在政府主导下进行的无效率的并购和为了获得配股资格而在并购前期调高利润的盈余管理行为是导致其并购后期经营业绩下降的主要原因。
中文关键词:股权融资  企业并购  盈余管理
 
M&A, Earnings Management and Institutional Background
Abstract:The institutional backgrounds for M&A and Earnings management of listed companies are analyzed in the paper. It finds that practice earnings management in M&A is a rational behavior for listed company under the current special institutional background in China. It's the inefficient M&A led by government and the Earnings management to phonily increase profits in the early stage of M&A for share allotment that are the main reasons causing operating performance falling down in the late period of M&A.
keywords:Equity Financing  M&A; Earnings Management
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