Low-profit Listed Company Ownership Structure And Earnings Management Research

In recent years, with the development of securities market, a number of listed companies serious phenomenon of earnings management. Earnings management behavior to cause the sharp decline in the quality of financial information of listed company, after accounting earnings can not gloss over fairly reflect an enterprise's operating results and Financial situation, lowered the value of financial information decision, Damage the confidence of information users, but also leads to social optimal allocation of resources can not be used efficiently , affected investor confidence and the stock market's healthy development. In China, there is a special class of stock groups - low-profit companies, small profits of listed companies disclose earnings figures just crossed the breakeven point, slightly better than the loss of the company's listed companies are often considered to have strong earnings management motivation, the reliability of accounting earnings is questionable, its earnings management features specialized research is necessary. Meanwhile, production of earnings management of listed companies, and corporate governance structures is inseparable from the ownership structure. Accounting information system is the main business for all stakeholders to provide a mechanism for accounting information, accounting information can affect the interests of participants in each contract; the same time, enterprises in the contract will be trying to influence the participants to seek their own accounting information the interests of the enterprise's ownership structure which embodies the balance of power between the main contract between the different ownership structure reflects the company's internal control over the various different stakeholders. Therefore, this article from the point of view of ownership structure of the small profit earnings management of listed companies.In this paper specification of empirical research methods, to 08 small profit on the company as a sample study of the ownership structure of listed companies in China Wei Li and the relevance of earnings management, and draw some conclusions: first, small profit the largest listed company shareholding ratio between earnings management was U shaped relationship. When the largest shareholding ratio before reaching a certain threshold, the proportion of the largest shareholders and the extent of earnings management is negatively correlated; However, when the ratio of the largest shareholder after a certain threshold value, the first Shareholders equity ratio and earnings management is positively correlated. Second, the small profits of state-owned listed companies and the largest shareholder has a positive correlation between earnings management. Third, the marginal profit of listed companies between size and earnings management is positively correlated. Finally, this study also found that low-profit companies and major shareholder of 2-10 the proportion of management ownership and earnings management has not demonstrated between the significant correlation.