Empirical Study On Earning Quality Evaluation System Of Listed Companies

With the development of market economy, due to domestic governance mechanisms caused by imperfect financial fraud, international large-scale financial fraud and false statements' endless incidents have been reported, manipulation storm receipts in the capital markets frequently, seriously blow to investors confidence, makes accounting integrity was unprecedented havoc. China's listed on the capital market's concerning also found that after the listing of mutations, the actual proceeds from the profit forecast, the situation is even endless. All these indicated that the disclosure of China's listed companies earnings information exist obvious quality problems. This paper proceeds from the characteristics of earning quality, takes quantitative study on the quality of earning.This thesis is divided into five chapters:The first chapter discusses the significance of this paper, the background to the study, introduces research situation at home and abroad and research methods, ideas and basic structure.The second chapter, at the beginning of this chapter is the quality of earnings and income's definition, and then are earning quality's characters and affecting factors. The factors that affect earning quality includes: environmental factors, accounting policies, related-party transactions, non-recurring items and earning's receiveable; ways that affect the quality of earning include: earnings management and fraud financial statements.The third chapter, it firstly introduces various methods of earning quality, and then discusses the framework, index system and weight'determination of quality earning evaluation system on China's listed companies,.The fourth chapter receipts an Empirical Analysis of the status of the earning quality on China's listed companies and chooses twenty listed companies from the steel industry in 2006's earnings situation as a study sample. According to the Evaluation System, a quantitative analysis of earnings quality has been built, that is, the twenty sample company's earnings quality have been figured out, finally gets the conclusions.The fifth chapter summarizes the full text of the innovation and shortcomings and makes prospect of future research.