An Empirical Study on the Impact of Economic Policy Uncertainty on Earnings Management of Listed Companies

Taking 273 listed companies from 2011 to 2019 as the research sample, we have a total of 2730 balanced panel data. And uses Uncertainty Index China Economic Policy constructed by Baker et al. (2016) measure economic policy uncertainty (EPU). Besides, using Jones model and Roychowdhury's calculation method respectively, with accrual earnings management (EM) real (REM) explained variables, paper constructs multiple regression model. Using STATA15.1 empirical analysis, it is found that level increases, reduce accrued activities activities.