数字化转型抑制盈余管理的双重传导机制——供应链集中度与效率的中介检验
Dual Transmission Mechanism of Digital Transformation Restraining Earnings Management—Mediating Tests Based on Supply Chain Concentration and Efficiency
摘要: 数字化转型作为驱动企业高质量发展的核心引擎，其在重塑商业模式与运营效率的同时，为治理企业盈余管理行为、缓解资本市场信息失真问题提供了全新思路。本文选取沪深两市A股非金融上市公司为研究样本，实证检验数字化转型对企业盈余管理的影响。研究结果显示：数字化转型会抑制企业盈余管理。机制检验表明，数字化转型通过降低供应链集中度、提高供应链效率来抑制盈余管理。本文丰富了数字化转型与盈余管理相关领域的研究成果，为推动数字经济与实体经济深度融合提供经验参考。
Abstract: As a core engine driving the high-quality development of enterprises, digital transformation reshapes business models and operational efficiency, while offering a new perspective for governing corporate earnings management and mitigating information distortion in the capital market. This paper selects non-financial A-share listed companies on the Shanghai and Shenzhen Stock Exchanges as research samples to empirically examine the impact of digital transformation on corporate earnings management. The empirical results reveal that digital transformation significantly restrains corporate earnings management. Mechanism tests demonstrate that digital transformation curbs earnings management through two channels: reducing supply chain concentration and improving supply chain efficiency. This paper enriches research findings in the fields of digital transformation and earnings management, and provides empirical evidence for advancing the in-depth integration of the digital economy and the real economy.
文章引用：辛佳颖, 孙亚琴. 数字化转型抑制盈余管理的双重传导机制——供应链集中度与效率的中介检验[J]. 运筹与模糊学, 2026, 16(4): 25-37. https://doi.org/10.12677/orf.2026.164027

参考文献

[1] Healy, P.M. and Palepu, K.G. (2001) Information Asymmetry, Corporate Disclosure, and the Capital Markets: A Review of the Empirical Disclosure Literature. Journal of Accounting and Economics, 31, 405-440.
https://doi.org/10.1016/s0165-4101(01)00018-0
[2] Bushman, R., Chen, Q., Engel, E. and Smith, A. (2004) Financial Accounting Information, Organizational Complexity and Corporate Governance Systems. Journal of Accounting and Economics, 37, 167-201.
https://www.mendeley.com/catalogue/fdfd5645-1989-3786-9ed8-09bcc37726e1/
[3] Lobo, G.J. and Zhou, J. (2001) Disclosure Quality and Earnings Management. Asia-Pacific Journal of Accounting & Economics, 8, 1-20.
https://doi.org/10.1080/16081625.2001.10510584
[4] Richardson, V.J. (2000) Information Asymmetry and Earnings Management: Some Evidence. Review of Quantitative Finance and Accounting, 15, 325-347.
https://doi.org/10.1023/a:1012098407706
[5] 罗进辉, 巫奕龙. 数字化运营水平与真实盈余管理[J]. 管理科学, 2021, 34(4): 3-18.
[6] 魏昀妍, 龚星宇, 柳春. 数字化转型能否提升企业出口韧性[J]. 国际贸易问题, 2022(10): 56-72.
[7] 舒伟, 曹晶, 曹健, 等. 企业信息化投入能够抑制盈余管理吗?——基于中国A股上市公司的经验证据[J]. 苏州大学学报(哲学社会科学版), 2021, 42(5): 115-127.
[8] 凌鸿程. 网络新媒体互动与公司治理[M]. 北京: 经济管理出版社, 2022.
[9] Chai, S.L., Zhou, Q.Q., Ji, Q., Liu, Z.K., et al. (2025) Inhibition or Inducement? The Impact of Carbon Emissions Trading Scheme (ETS) on Corporate Earnings Management from the Perspective of Public Pressure. International Review of Financial Analysis, 101, Article 104019.
https://doi.org/10.1016/j.irfa.2025.104019
[10] 于寅健, 魏见硕. 数字化转型能提升企业绿色治理水平吗?——基于真实盈余管理与研报关注的中介效应分析[J]. 生产力研究, 2026(1): 117-124.
[11] 杨德明, 夏小燕, 金淞宇, 等. 大数据、区块链与上市公司审计费用[J]. 审计研究, 2020(4): 68-79.
[12] 柏培文, 马涵江, 林明伟. 企业信息化投入能够缓解代理冲突吗?——来自中国A股上市公司的经验证据[J]. 厦门大学学报(哲学社会科学版), 2026, 76(1): 40-53.
[13] Xiang, X.M. and Yi, B. (2025) Digital Transformation and Earnings Management via Subsidiaries. Finance Research Letters, 83, Article 107733.
https://doi.org/10.1016/j.frl.2025.107733
[14] He, W.F. and Xian, Y.T. (2025) Does Digital Transformation Affect Earnings Management Choices? Emerging Markets Finance and Trade, 62, 72-93.
https://doi.org/10.1080/1540496x.2025.2520884
[15] Zang, R. and Wei, Y. (2026) Digital Transformation, Financing Constraints, and Corporate Earnings Management. Finance Research Letters, 90, Article 109312.
https://doi.org/10.1016/j.frl.2025.109312
[16] 张咏梅, 王晓艳, 赵金凯. 以“数”谋“盈”: 企业数字化转型对盈余持续性的影响研究[J]. 审计与经济研究, 2023, 39(1): 75-84.
[17] 陈辉发, 邹佳倩. 数字化转型抑制企业盈余管理行为——基于供应链视角[J]. 国际商务财会, 2025(9): 11-19.
[18] 侯可欣, 戚依南, 周辰皓. 供应商集中度对企业盈余管理的影响研究[J]. 供应链管理, 2022, 3(10): 81-96.
[19] 罗栋梁, 王基臣, 史先让. 客户集中度、股东网络与应计盈余管理[J]. 经济与管理评论, 2022, 38(3): 116-134.
[20] 张玲富, 豆勇芳, 王海灵. 供应链数字化如何改善供应链效率——基于供应链创新与应用试点政策的准自然实验[J]. 现代管理科学, 2024(4): 72-84.
[21] 汪昌云, 李运鸿, 王行健, 等. 监管强度预期与上市公司盈余管理——基于证监会随机抽查威慑作用的研究[J]. 审计研究, 2023(3): 123-135.
[22] Dechow, P.M. and Sloan, R.G. (1995) Detecting Earnings Management. The Accounting Review, 70, 193-225.
https://doi.org/10.2308/tar-9505096112
[23] 徐雨薇. 企业数字化转型对会计信息可比性的影响研究[J]. 财会通讯, 2026(1): 70-74.
[24] 邢若琳. 数字化转型、技术升级对企业绩效的影响研究——来自中国制造业A股上市公司的经验证据[J]. 投资与创业, 2025, 36(1): 19-21+148.

为你推荐