An Empirical Research Into Earnings Management In Real Estate Listed Companies Under Changes Of Accounting Standard For Business Enterprises 2006

There are wide earnings management in China's listed companies which have been proved by many studies.Real estate listed companies paly an important role both in people's life and Stock market,But there are few empirical study on Earnings Management in real estate listed companies.Earnings management in Real estate listed companies draws wide attention.Accounting Standard for Business Enterprises 2006 signifys a success to be more international,at the same time,it has also taken steps to prevent listed companies from managing earings,and related studies show it works well on the level of total listed companies.However,there is no related research into Real estate listed companies.Taking seven year's data of real estate listed companies as research sample,this dissertation will examine the degree of discretionary accruals to prove the effects brought by the Changes of Accounting Standard for Business Enterprises 2006 to the behavior of earnings management in real estate listed companies.Based on Modified Jones model,there is an innovative model measuring the degree of discretionary accruals which is more appropriate to real estate listed companies. this dissertation draws conclusion as following:(1)there are serious earings management in real estate listed companies.(2)there is a significant downward earning management in real estate listed companies to avoid paying more taxes.(3)the level of earnings management in real estate listed companies has been greatly improved on the contrary of the measures taken by Accounting Standard for Business Enterprises 2006.