Abstract：Taking the listed companies in China’s industrial sector from 2010 to 2019 as a sample, using the data envelopment method, this study researches the relationship between excess capacity and earnings management, and its countermeasures. The results show that: Firstly, overcapacity affects the profitability of enterprises and promotes earnings management; the shareholder social network brings information, resources, reputation, governance and other advantages to enterprises, which suppresses the positive relationship between overcapacity and earnings management. Secondly, overcapacity leads to increased investment in fixed asset and a lower level of disposable cash flow, thus increasing the earnings management of enterprises. Thirdly, when the external macro policy is more optimal, when the enterprises’ R&D expenditure is higher or the profitability is lower, and when the largest shareholder shareholding ratio is lower or the senior executive shareholding ratio is lower, the social network of shareholders will produce more inhibitory effect and weaken the positive impact of overcapacity on earnings management.
罗栋梁，窦宝琦. 产能过剩、股东社会网络与企业盈余管理关系研究[J]. 管理学报, 2023, 20(01): 137-.
LUO Dongliang，DOU Baoqi. Research on the Relationship Between Overcapacity and Shareholder Social Network and Corporate Earnings Management. Chinese Journal of Management, 2023, 20(01): 137-.
