A Study On The Earning Management In Chinese Capital Market

Earning management is one primary symbol of share market's accounting information quality faced by the entire world. As a result of excessive earning management, the financial statements report fake earnings and increasingly corrode the effect of capital market collocating resource. With the development of our capital market, earning management behavior have been the focus of public attention. It's time to criterion and father the earning management behavior. Scholar i(?) (?)nance and even all the economic field have ever analyzed the harm of earning (?)agement. Also they have found different way to solve the problem. However, it seems that companies' earning management behavior haven't been checked. It needs every related side to act immediately to regular the enterprises' finance business in order to prevent the earning management from deluging. The modern Corporate Finance Theories based on the effective market theory. But so far the modern financial theories have caused the great departure between theory and practice. By analyzing people psychological activities and behavioral, behavioral finance modes research the real behavior in finance activities. It's a new way to understand the financing management with the psychology research thought the behavioral science has developed for a long time. This thesis studies the earnings management in Chinese security markets, referring to foreign research productions of behavioral finance theory and thinking the facts in our country. Furthermore, with some empirical study on different kinds of earnings management behaviors' such as Allotment Behavior, Little Gain Behavior and Taking Bath Behavior to prove the question that earnings management behaviors exist certainly in China's security market. This paper explores statistic features of earnings information such ERO, NGL and RON, (?) c(?)osure and prove whether the accounting theory distinctly has an effect on Chi(?) (?)isted companies' earnings management behavior. Based o(?) (?)ne behavioral finance theory, the thesis discloses the real reason for Chinese listed companies' Allotment Behavior, Little Gain Behavior and Taking Bath Behavior.It is the thesis's innovation that to find the rationality basic of companies' earning management behavior which also be objective and value to choose the subject. After. judging the value of earnings management behavior, the thesis chooses...