Research On The Influence Of Ultimate Control On Non-recurring Gains And Losses Earnings Management Of Agricultural Listed Companies In China

One of the main purposes of ultimate control is to seize private interests of ultimate control rights, the tunneling behavior excludeing the benefit of minority shareholders causes non-recurring gains and losses earnings management, non-recurring gains and losses earnings management covers up private interests of ultimate control rights. Empirical study of these problems of agricultural listed companies putting forward suggestions benefit the healthy and persistent development of agricultural listed companies and China's securities market, and they have theoretical value and practical significance. On the basis of presenting the theories of the ultimate control, earnings management and non-recurring gains and losses, this paper analyzes the existence of earnings management, non-recurring gains and losses, the ultimate controller features of agricultural listed companies, the basic purpose of earnings management under the ultimate control—private interests of ultimate control rights, and analyze empirically relationship between the ultimate controller features and non-recurring gains and losses earnings management of agricultural listed companies, finally raises proposals for the audit governance.Firstly, this paper analyzes theorically for ultimate control and non-recurring gains and losses earnings management, including the main features of the ultimate control, the meaning, methods, negative effects and motivation of earnings management, non-recurring gains and losses to define and approach.Secondly, the existence of earnings management non-recurring gains and losses of agricultural listed companies are analyzed.Based on analysis of the profile of agricultural listed companies and five financial forces, existence of earnings management and non-recurring gain or loss on the contribution of earnings of agricultural listed companies are dissectted.Thirdly, the feature of ultimate control of agricultural listed companies is analyzed. On the basis of the above theory, main characteristic e.g.ultimate ownership right, style of ultimate control, sepration of ownership right and control right of agricultural listed companies are quantitatively analyzed. Then,the motivation of earnings management under the ultimate control—private interests of ultimate control rights is set forth.Fourthly, the impact of the feature of the feature of ultimate control of agricultural listed companies on non-recurring gains and losses earnings management are empirically studied.This paper analyzes in-depth affection of control right ratio,ownership and the degree of their sepration on non-recurring gains and losses earnings management by multiple regression analysis, a hypothesis, building model, then draws conclusions.Finally, based on the empirical results, it is pointed out that audit measures control non-recurring gains and losses earnings management under the ultimate control in order to strengthen the supervision of listed companies, to maintain fair and efficient of capital marketand and to maintain it sustainable and healthy development.