主讲人：张姗姗教授，北京交通大学

时间：2026年11月5日上午10:00-11:30

地点：主教1006会议室

主持人：林雯副教授，中央财经大学会计学院

摘要：This study utilizes a unique Chinese dataset to examine whether firms exploit discretion over de-facto-control-based consolidation under IFRS to inflate reported gross and net operating profits, and how such manipulation affects earnings persistence and market valuation. We find that firms strategically consolidate specific investees to inflate consolidated gross as well as net operating profits. This behavior is particularly pronounced when firms have stronger financial reporting incentives and greater discretion over consolidation decisions. Furthermore, operating profits arising from such consolidation scope manipulation are less predictive of future parent-attributable earnings than normal operating profits. Finally, this manipulation is associated with significant market mispricing, especially in the presence of large minority interests. Overall, our findings highlight the adverse reporting and market consequences of the de-facto-control-based consolidation model under IFRS.

主讲人简介：张姗姗，博士，北京交通大学经济管理学院教授、博士生导师、会计系主任。毕业于中国人民大学商学院会计系，曾任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、北京市社会科学基金青年学术带头人项目。主要研究方向为会计基础理论与会计准则、银行会计与金融监管、审计。主持国家自然科学基金青年项目和面上项目共3项。出版《国际会计准则史》等译著合计400余万字，并承担美国公认会计原则和国际财务报告准则相关教材的译介工作。在《经济学（季刊）》《会计研究》《审计研究》《财贸经济》以及 Auditing: A Journal of Practice & Theory、Accounting Horizons、Journal of Corporate Finance、Journal of Business Finance & Accounting、Journal of Accounting, Auditing & Finance、Abacus 等国内外学术期刊发表或录用论文近二十篇。

撰稿 | 林雯 王佳琪 李娅妮

排版 | 刘怡帆

审核 | 郑登津