科学研究
报告题目：State-owned enterprises’ discretionary consolidation under principle-based accounting standards
报告人：张姗姗
报告时间：2023年11月24日（周五）13:30-15:00
报告地点：劝学楼245
主办单位：东北财经大学会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心
【报告摘要】
In response to firms’ tendency to hide losses and risk in unconsolidated subsidiaries, standard setters have continuously widened the scope of consolidation by introducing the concept of de facto control and eliminating consolidation exemptions in history. However, we argue that in firms where managers have strong empire-building incentives, such as Chinese state-owned enterprises (SOEs), the consolidation incentives can be totally different. We find that Chinese SOEs show a higher propensity to consolidate their non-wholly owned investees than non-SOEs that hold equal shares in these investees. SOEs are expected to fulfill nonprofitable obligations for the good of social welfare and thus are provided with more size-related incentives. Consistently, we find that SOEs’ preference for consolidation increases with the extent to which the group assets or group revenue can increase after the consolidation, with SOEs’ incentives to expand firm size, and with the extent that SOE executives care about their performance evaluation. Our results add to the literature on how state ownership affects firms’ financial reporting incentives, and also provide references for standard setters’ further revision of the criteria for defining reporting entities’ boundaries.
【报告人简介】
张姗姗，北京交通大学经济管理学院副教授、会计系主任。本硕博均毕业于中国人民大学商学院会计系，美国哥伦比亚大学商学院会计系访问学者。入选财政部高层次财会人才项目，获普华永道3535提名。研究方向为会计准则、审计。主持国家自然科学基金青年项目和面上项目，作为主要参与人参与国家社会科学基金重大项目及数项其他国家级项目。承担美国公认会计原则和国际财务报告准则的译介工作，出版《国际会计准则史》等译著。在Auditing: A Journal of Practice & Theory、Journal of Corporate Finance及《经济学（季刊）》《会计研究》等刊物录用和发表论文十余篇。
【特别提醒】
未经论文作者和主办方允许，严禁将讲座内容录制并公开传播，违者将有可能被追究法律责任。
