Empirical Research On Earnings Management Of Loss Listed Companies In China

Earnings management policy is one of the core content of financial management in listed companies. It is the extension of the company's financial and investment activities, and the appropriate earnings management policy can acquire long and stable development opportunities for the company. Overseas financial researchers presented theories explaining the earnings management polic(?) of listed companies, earnings management is called "a game of market participators", which has a long history in western countries, and more attention have been paid on the listed companies especially loss listed companies earnings management by our country's accounting academia with the development of china stock market in recent years. Since 2006, a series of new regulations like the Accounting Standards for Business Enterprises have been issued and implemented, which limited the behavior of earnings management in many respects, and give the loss listed companies more pressure on avoiding losses and motive it to manage their earnings.This article researches on earnings management behaviors in our country's loss listed companies. In the article, first I define a suitable conception of earnings management and distinguish earnings management from earnings manipulating or profit manipulating, and on this basis, I analyze the earnings management prerequisites, motives, models and main methods, and sum up the points and inaccuracies of the theories will give us profound understanding of western earnings management theory, and this involves in the thesis.Earnings management has special theory basis on enterprises development, so this article analyzes the loss listed company's earnings management. I select samples from Shanghai A stock market, and divide the samples into first year lossing companies and distortion companies, then study deficiency listed company of the first year is at the head and loss in business to appear for the very first time of the year before whether existence earnings management; With the earnings management which twists sample a research for the year before. Chose the scale close by control sample for these samples in the meantime, constitute the control sample set combining the DeAngelo model on a research. The research shows as a result, all showing levels to pass an examination in the dissimilarity. As it is a common skill on making use of Non-constancy Break-ever for the loss listed company's earnings management, I further examine the efficiency, and also get initially confirmation on the earnings management existence.At last, the passage puts forwards some strategies to solve our country listed companies' earnings management problem effectively. It is important to maintain the lawful rights and interests of investors, and purify the environment of investment in the security market to seed up security market orderly operation.