通过向公开市场发行股票(IPO),企业可以获得更多的融资机会和更好的声誉,因此具有盈余管理的动机。盈余管理违背了会计原则,有可能导致投资者的损失和市场秩序混乱。IPO盈余管理行为也由此受到了理论与实务界广泛关注。本文从近期国内外IPO盈余管理研究的动机、测度方法、经济后果、不同国家的实证证据以及未来的研究方向的不同角度对相关文献进行了梳理,以供进一步学术研究参考。 By issuing shares to the open market (IPO), companies can obtain more financing opportunities and a better reputation, and thus have incentives for earnings management. Earnings management violates accounting principles and may result in the loss of investors and confusion in the market order. IPO earnings management has also received wide attention from the theoretical and practical circles. This article sorts out the relevant literature from the perspectives of the motivations, measurement methods, economic consequences, empirical evidence from different countries, and future research directions of the recent domestic and foreign IPO earnings management studies for reference in further academic research.