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本文以2006~2011年我国上市公司为研究样本,在资源基础理论的框架下根据公司总经理的政治背景定义政治关联,并按照行政级别与关联方式两个维度对政治关联进行分类,研究不同类别的政治关联与盈余质量的影响作用,并且进一步探讨了前期盈余质量对建立政治关联可能性的影响。实证研究表明,政治关联公司的盈余质量显著低于无关联公司;地方级别关联以及政府官员类关联对盈余质量有显著的负向影响。另外,前期盈余质量较差的公司会明显倾向于建立地方级别及代表委员类政治关联,以期规避盈余质量低下带来的消极后果,这可能是造成政治关联公司盈余质量较差的影响因素之一。
This paper takes the listed companies of our country from 2006 to 2011 as the research sample, defines the political relation according to the political background of the general manager in the framework of the basic theory of resources, and classifies the political relation according to the two dimensions of the administrative level and the related way, Political connection and the impact of earnings quality, and further explored the impact of pre-earnings quality on the possibility of establishing political connections. Empirical studies show that the earnings quality of the political affiliates is significantly lower than that of the unrelated companies; the local level affiliation and the government officials affiliation have a significant negative impact on the earnings quality. In addition, the companies with poor earnings in the previous periods will obviously have the tendency to establish political affiliations at the local level and on behalf of members, so as to avoid the negative consequences caused by the low earnings quality, which may be one of the factors that cause the poor earnings quality of the political affiliates .