Financing Management, Executive Governance and Actual Surplus
JIA Xin-zhong1, YUAN Wei-qiu2
1.Shandong Management University, Jinan 250357,China; 2.Department of Accounting and Auditing, Nanjing Audit University Jinshen College, Nanjing 210046, China
Abstract From the perspective of actual earnings management, this paper selects data of popular non-financial companies in Shanghai and Shenzhen A-share stock markets between 2010 and 2017 and carries out a regression analysis in the hope of testing the correlation among financing management, executive governance and actual surplus management. The conclusions are that there is a significant positive influence on actual surplus management from financing constraints and the level of executive governance. In large-scale enterprises with a large number of people, the positive role between the three is more prominent and there is a reaction force, which in turn promotes the improvement of management capabilities of enterprises. Therefore, it is conducive to reducing the actual surplus and maintaining a sound management in times of decision-making by raising the salary level, perfecting the corporate governance system, and establishing a mature supervision and management mechanism.
2019, Vol. 36 
