Environmental Uncertainty,Social Responsibility And Earnings Management

Under the background of global economic globalization,facing the new social situation,the new economic trend of anti-globalization has gradually become prominent,and the domestic and foreign market competition has become increasingly fierce.In the layout of accelerating the internal circulation,the Chinese market is constantly introducing overseas enterprises,and domestic enterprises are also actively seeking two-way development at home and abroad.Many economic activities are involved in this process.Various economic behaviors of enterprises need to be further regulated.The lack of corporate ethics and improper earnings management behaviors that damage the quality and value of corporate earnings are increasingly unacceptable to various stakeholders.These behaviors have seriously affected investors’ decision-making and sustainable development..In the face of the ever-changing and complex market environment,if you want to consolidate your market position and develop overseas markets,you need to plan layout in all aspects of the company,not only to provide high-value products and services,but also to actively fulfill corporate social responsibilities to achieve Enterprise value and sustainable development.In the face of a highly competitive and complex market environment,there is no clear conclusion on the effect of corporate social responsibility on its earnings management behavior.If a company is fulfilling its social responsibility with opportunistic motives,this helps it to mask economic misconduct.How does corporate social responsibility play a role between environmental uncertainty and two types of earnings management behavior? Is there a difference in the impact on the management of accrued earnings and real earnings? In response to these problems,this paper will discuss the relationship between environmental uncertainty and earnings management and the moderating role of social responsibility between the two,and further discuss the composition of real earnings management and the heterogeneity of property rights on these issues.Based on relevant theories,this paper adopts the research method combining literature and empirical research,and selects 11,625 annual observations of listed companies in Shanghai and Shenzhen A-share markets from 2013 to 2020 as sample data to study the relationship between environmental uncertainty and earnings management behavior,and analyze the moderating role of social responsibility.Based on the regression results,the following five conclusions are drawn:first,the higher the environmental uncertainty,the more inclined the company is to carry out accrual earnings management and reduce real earnings management;second,the performance of corporate social responsibility can negatively adjust the environmental uncertainty The inductive effect of certainty on accounting earnings management can also positively promote the inhibitory effect of environmental uncertainty on real earnings management;third,environmental uncertainty will reduce the abnormal net cash flow of operating activities in the composition of the company’s real earnings management.and abnormal discretionary expenses to reduce the level of real earnings management,and actively fulfilling social responsibilities will further increase the negative correlation effect of environmental uncertainty on the two;fourth,compared with non-state-owned enterprises,the performance of social responsibilities of state-owned enterprises is more It can inhibit the promotion effect of environmental uncertainty on accounting earnings management behavior,but in non-state-owned enterprises,social responsibility can further increase the inhibitory effect of environmental uncertainty on real earnings management;Fifth,enterprises with better internal control,The performance of its social responsibility has a more significant negative adjustment effect between environmental uncertainty and accounting earnings management,and the adjustment effect does not exist between environmental uncertainty and real earnings management.This article provides relevant opinions from the perspective of the government,the industry community and the enterprise itself: the government needs to pay attention to the performance of corporate social responsibility,and make efforts in policy formulation,implementation and formation of long-term mechanisms;the industry and the market need to further deepen financial supervision,to correctly guide enterprises to play the role of social responsibility governance in daily operations;enterprises themselves should actively perform social responsibilities,improve social responsibility awareness,improve internal governance mechanisms,and improve their ability to resist changes in the external environment.