上市公司关联方交易对经营活动现金流的影响-会计学专业论文.docxVIP

The Empirical Research of the Impact of Related Party Transactions on the Cash Flow from Operating Activities A Thesis Submitted to Chongqing University in Partial Fulfillment of the Requirement for the Degree of Master of Profession By Yang Li Supervised by Cao Guohua Profession: Master of Professional Accounting School of Economics and Business Administration of Chongqing University, Chongqing, China June 2011 重庆大学硕士学位论文中文 重庆大学硕士学位论文 中文摘要 I I 摘 要 近年来，随着国内经济的发展和市场竞争的加剧，企业为了抵御风险，在激烈 的竞争中立于不败之地，企业之间形成战略联盟或企业集团。随着企业集团化的加 聚，关联方交易也频频发生，在交易中比重也越来越大，其影响也越来越广泛。 众所周知，关联方交易是一把双刃剑。上市公司通常会利用关联方交易谋取不 正当利益。尽管，国内对关联方交易的监督力度是越来越大，甚至通过各种方式限 制关联方交易的发生，但关联方交易还是频繁发生。事实证明，关联方交易是不可 避免的，如何对关联方交易特别是上市公司关联方交易的监督就成为当今关注交点 与研究的重点。 本文从揭示现金流量、关联交易的基本原理问题入手，引出关联方交易与经营 活动现金流量的关系，借鉴李彬、张俊瑞的实际活动操控对现金流量的影响研究方 法，采用实证研究和案例分析相结合的方法分析 2002-2009 年 456 家上市公司 3648 个年度样本数据，探悉具有经营活动现金流“扭负”动机的企业利用对关联方交易 的操控从而达到对经营活动现金流的影响，又将研究样本分为 2002-2006 年与 2007-2009 年，旨在得出 2007 版的新准则对规范关联方交易的有效性。上市公司关 联方关系及其交易对经营活动现金流量的影响系统理论研究并不多，笔者在此基础 了提出自己的观点与建议。 关键词：上市公司，关联方交易，经营活动现金流 重庆大学硕士学位论文英文 重庆大学硕士学位论文 英文摘要 II II ABSTRACT In recent years, with domestic economic development, market competitions tend to be intensely competitive. If enterprises want to protect against all risks, and defeat rivals, they must construct strategic alliances between the enterprise or business groups. Therefore, the related party trades have occurred frequently in the proportion and its effects are so widespread. As everyone knows the related party transaction is like a double-edged sword. By the use of the related party transactions, enterprises seek illegitimate gains more frequently . With domestic government units emphasize the supervision strength and even use any manner to limit related party trade development. However, facts show that the related party transaction is inevitable. Therefore, the supervision of the related party company becomes a focus of studies . From the basic principle of cash flows, related party transactions, the paper come