중국 상장기업의 재무적 특성이 이익조정에 미치는 영향: CSR 중심으로

Purpose : The purpose of this study to analyze the effect of financial characteristics of Chinese companies on earnings management, focusing on China's social responsibility activities (CSR). Research design, data and methodology : This paper use a company listed on the Shanghai Stock Exchange in China, a sample from 2016 to 2020 was set and analyzed. CSMAR (China Stock Market & Accounting Research Database) was used as the financial characteristic information data of Chinese companies, and discretionary accruals of the modified John's model were used as a proxy variable for earnings management. The social responsibility activity (CSR) indicator was analyzed using the social responsibility activity (CSR) score of RKS (Rankings CSR), a Chinese social responsibility evaluation agency. Results : According to a result of the empirical analysis, first, corporate earnings management has a significant negative (-) effect on social responsibility activities (CSR), and the same result is shown when additional characteristic variables of Chinese companies are added. In addition, both companies with high and low indicators of social responsibility activities (CSR) were found to have a significant negative (-) effect on profit adjustment. Conclusions : This paper the higher the accounting transparency, which is a financial characteristic of a company, the higher the reliability and usefulness of the accounting information provided by the company, so the importance of social responsibility activities (CSR) indicators for corporate value inventory is increasingly being highlighted.