Empirical Study Of The Relationship Between Debt Leases And Earnings Management Margin Under The Control Of Major Shareholders

Since the 1980s, The field of Western Financial Accounting has begun to study earnings management which becomes one of the important points in the empirical accounting field of the west especially the United States later than the west, the research in our country goes on with the development of securities markets these years. In existing literature from the domestic, the research mainly concentrated in the motivations of the capital market and the objects of meeting or avoiding government regulations, but showed less attentions on lease motivations of the data of the accounting earnings, what's more, the margin of earnings management.This article studied the relationship between debt leases and earnings management under the background of major shareholders controlling form two aspects: how the deadline and sources of the leases impacted on the rate; and how the same lease impacted on the rate under different types of major shareholders.We have chose the data from 2003 to 2005 to do the empirical analysis, and found that the rate of earnings management differed under different debt leases .Concretely ,when the deadline of debt is short-term ,then correspond margin of earnings management is bigger than the long-term debt';When the sources of the debt leases is Financing institution ,then correspond rate of earnings management is bigger than the not-Financing institution'.And when we considering types of major shareholders,then the rate of earnings management also differed under the same debt leases .We found that the correspond rate of earnings management for the same debt leases is bigger in not- stateowned of Shareholder than in stateowned of Shareholder.