Research Of Listed Company Ownership Of A Share Structure's Influence To Earnings Management

The earnings management is a kind of accountancy's behavior of alienation and existed in each stock market of market economy nation extensively. Because accountancy's earnings influence to stock market has already got examination from western accountancy scholar's substantial evidence ,proved that accountancy's earnings provided by listed company will bring about influence on the investment behavior of investor on the stock market. As the most important signal on stock market, the accountancy's earnings information is usually managed by the listed company and used as the important tool which raises oneself effect. Chinese stock market has already been established more than ten years. With the accountancy's information concocts problem which Influenced more and greatly to be published, the Chinese scholar starts valuing to the problem that the listed company's earnings management. Studied present condition to see from the domestic, study much concentrated to earnings management whether exist and when exist up, less studying to system level which influences earning management. This text try to begin from the system foundation created earnings, especially special system background founded Chinese listed company and stock market, making use of the research method that theories and substantial evidence combine together, concluded that the Chinese special system background cause of"one only big"descend of"the internal person control"is basic reason of listed company earnings management. Taking this as foundation, the writer put forward some suggestions which aimed at these problems.Mainly studying results of this text is lying:1. Problem of the client and agent and information dissymmetry produced in business enterprise benefits related is the source which causes the earnings management. It's impossible that Eradicating completely earning management or at least is completely uneconomical.2. Different company's corporate structure especially ownership of a share structure will cause a different style of earnings management.3. The ownership of a share structure of"one is only big"of the Chinese listed company related with Chinese turn a track background. In the meantime, the special ownership of a share structure is main source of the Chinese listed company earning management, and became to differ from a western surplus management style.4. Through established return model between ownership of a share and earnings management, and ask for help from Study terrace on Chinese listed company and stock market, writer detection:⑴Ownership of a share of mainly shareholder in the Chinese listed company is also not necessarily causing the earnings management behavior in business enterprise.⑵While only Ownership controlled by state shareholder, its control a comparison and surplus management's degree is presented positive relativity. Explain from this, state owned"one is only big"is the source which results in earnings management in the listed company.⑶Study detection that the top officer holds stock will encourage a listed company to carry on earnings management currently.⑷Enhancing the exteriors direct, especially exterior to audit can repress the behavior that the listed company carries on earnings management from the top of the certain degree.