以A股上市公司2007~2012年的财务数据为样本,检验了关联交易发生的概率和规模、资本结构与盈余管理的关系。从应计和营业收入的角度来看,上市公司关联交易与操控性应计、操控性收入水平正相关,上市公司为了掩饰关联交易带来的不利影响,存在正向盈余管理的行为。另外,资产负债率与关联交易正相关,与盈余管理负相关,说明在高负债约束条件下关联交易更容易发生,但也抑制了上市公司的盈余管理动机;单一类型的关联交易对盈余管理的影响不均衡,只有把所有关联交易作为整体来考察,关联交易对盈余管理的影响才具有显著性。Based on financial data from A-share listed companies from 2007 to 2012,this paper examines the relationship between related-party transactions(RPTs),capital structure and earnings management.From the angles of accrual quality and discretional revenue,evidences show that RPTs are positively related to discretional accruals and discretional revenue.Listed companies exert positive earnings management in order to cover controlling shareholders' expropriation transaction.It also finds that high liability ratio is positively related to RPTs and negatively related to earnings management,which shows that financial restrain increases RPTs in listed companies and decreases motivation of earnings management in Chinese capital market.The additional test shows that the effect of single type of related-party transaction is different from each other.Only when the whole RPTs are considered,does the impact of RPTs on earnings management have significance.国家社会科学基金重点项目(13AJY005); 教育部人文社会科学重点研究基地重大项目(12JJD790030
