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St Companies' Earnings Management Empirical Research

Posted on:2004-12-04Degree:MasterType:Thesis
Country:ChinaCandidate:X Y ShuFull Text:PDF
GTID:2206360122970731Subject:Accounting
Abstract/Summary:PDF Full Text Request
Earnings management of listed companies under special treatment (1999-2003 ) is studied in the paper. We find evidence that listed companies under special treatment have low earnings before the year of special treatment, and have high earnings in the year of special treatment and before the year of free from special treatment. First, description of the change of financial component is provided in the paper, which indicates possible earnings management in the researched years. Second, evidence of earnings management of listed company is provided as a whole by time-series models and cross-section models. Last, we researched the earnings management of three accrual-related items by distributing analysis, regression model and time-series models & cross-section models. The result suggests that listed companies under special treatment decreases earnings unnatural before the year of special treatment, and increases earnings in the year of special treatment, while increases earnings before the year of free from special treatment. We find evidence that two items, irregular item, reserve of devalue, are used to achieve increase or decrease in earnings. And it is no effective evidence that the item of working capital is used to manage earnings.The paper improved on the insufficiency of the previous research, and validated the earnings management of listed companies under special treatment more roundly, which makes the decision-making of investors and constitutors of policy more effective.
Keywords/Search Tags:listed companies under special treatment, earnings management, empirical research
PDF Full Text Request
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