Study On Corporate Governance Structure And Earnings Management Of China's ST Listed Companies

Since the 80's of the 20th century, the western financial academics have paid special attention to the research of earnings management. The issue has becomes one of the significant topics of today's empirical accounting research. From the cases of earnings management of USA's and China's listed companies, appearance of the earnings management was partly attributed to deficiencies of corporate governance structure. Due to the natural relationship between the information of accounting earning and corporate governance structure, the ample and perfect accounting information system plays a significant role in reducing the asymmetry of information and the controlling of reverse option as well as that of moral risk, which leads to a situation that corporate governance works efficiently and social resource is distributed properly. Moreover, corporate governance structure is a kind of regulation and arrangement, which manages and controls the running of organizations. Weather it is sound or not has a direct impact on the development of listed companies and capital market. At same time, it's perfect extent influences the quality of listed companies accounting earnings information. What a pity that China's scholars have not research earnings management together with corporate governance structure until recent years. And what makes worse is that the majorities research applying the method of theoretical analysis with few achievements of empirical research. Bases on reform of the shareholder structure of listed companies, this dissertation theoretical and empirical analysis the relationship between corporate governance structure and earnings management of ST listed companies.This dissertation first expounds the concept of earnings management, the inevitability and characteristics of earnings management, the theoretical basis and measure model of earnings management. Then, the dissertation analyzes the relationship of corporate governance structure between earnings management theoretically. Bases on the conclusion of theoretical analysis, the dissertation put forward research assumptions, and appropriate chooses Shanghai and Shenzhen exchanges'ST listed companies, empirically analyzes the assumptions. According to the results of empirical research, the dissertation put forward some countermeasures includes: improving internal governance mechanisms, improving accounting standard and corporate accounting system and training rational investors.