The Empirical Study Of China's Listed Corporate Governance Structure And Earning Management

The earning management of listed companies is increasing gradually with the rapid development of stock market in china, and it becomes one of the most important areas in theory and practice research of accounting. Accounting information and governance structure contact closely, as earning management corresponding to accounting information, so it often starts from governance structure to research earning management. Governance structure as a system arrangement, standardizing the relationship of powers, responsibilities and benefits between company stakeholders, it influences not only the healthy development of capital markets and listed companies but also the quality of accounting information of listed companies, besides confining form of earning management.Therefore in this paper, reviews the relevant research literature of the earning management and corporate governance structure, and elaborates the correlative basic theories, also introduce the motivation of earning management, main methods, an integral part of cooperate governance and problem analysis of corporate governance structure, and also research the impact in the earning management from corporate governance structure from the normative point of view. The research of earning management is a focus, one of the key step is the extent of earning management. The modified Jones model is used most frequently as a method of earning management measure in literature of earning management, but inevitably there are some problems. This paper considering the operating income and operating expense these two factors, establishes the earning management measure model depending on the expand modified Jones model, and provides a measure standard for further examining the relationship between corporate governance structure and the degree of earning management. In order to examine the correlation between corporate governance structure and earning management better, to use the descriptive statistical analysis, multiple regressing test and correlation analysis, multiple regression analysis of three research methods, providing a reliable basis for improve the corporate governance structure.The results show that the degree of earning management has a significant correlation with the number of board meetings, whether part-time chairman and the manager, the size of supervisors, concentration of the ownership, the proportion managers, product market, the market manager, but not the proportion of independent directors, whether independent directors of listed companies working in company, corporate controlling market, further providing a theoretical basis for improve the corporate governance structure.Generally, conclusions of this study verify the some with the results of domestic and foreign scholars, except some slightly different design variables, such as adding some new variables in the expand modified Jones model, and the verification results show rationality. In addition, as the study of internal and external governance structure as a point of departure, to examine the relationship between earning management and corporate governance structure, providing a valid reference for improve the theories of corporate governance structure.