China's Listed Companies, The Quality Of Earnings Analysis

Public-listed companies are elements of the Securities Market. At present, index for enterprising the public-listed companies' performance are ratio of net asset earnings, earnings per share, net asset per share. Earnings quality is not quite awared by public, thus partly induces many public-listed companies to control their book earnings and disorder the Securitise Market. The writer holds that we should attach great importance to earnings quality besides previous index in order to evaluate the public-listed companies' performance in a greater extent . In the first chapter, the writer presents the concept of earnings quality, reviews achievement inland and abroad, and analyzes the relation and differences between earnings quality and other index. In the second chapter, the writer analyzes some factors influencing earnings quality of public-listed companies. In the third chapter, based on achievement on analysis of earnings quality inland and abroad concerned, the writer analyzes at the aspect of qualitative and quantitative aspects. She introduces some index of cash flow, starting with aspects such as consistence of the earnings, operating index, capital structure and chooses cases among different extents according to ratio of net asset earningss. In the fourth chapter, the writer presents assumption of constructing new evaluation systems for earnings quality of public-listed companies. And the writer suggests some efficient methods to improve earnings quality, such as government management, public-listed companies' self-discipline, agencies' supervision and investor' s rational analysis. At the end of the dissertation, the writer puts forward the limitations of the research, marks out the next step and gives some suggestions for the department related.