独立董事本地化对公司盈余管理的影响——来自2010~2014年A股上市公司经验证据
Can Local independent directors constrainEarning Management? --Empirical Evidence from A-Listed Companies from 2010 to 2014

以2010~2014年A股上市公司为研究样本，以修正Jones 模型估计的操控性应计绝对值作为应计项目盈余管理的衡量指标，探讨上市公司独立董事日常工作所在地和上市公司所在地是否一致对公司盈余管理的影响。研究发现，独立董事本地化能抑制公司应计项目盈余管理。此外，研究进一步发现，独立董事本地化还能约束真实活动盈余操控，包括销售操控、生产操控和费用操控等行为。
Using A-share listed companies from 2010 to 2014 in China's capital markets as sample, we discuss whether local independent directors can constrain the listed Corporation's earnings management. It is found that local independent director can effectively constrain accrual earnings management. Further research finds that local independent directors can also constrain real earnings management, including changing cash expenditure, discretionary expenditure and controlling production.