Allotment Of Earnings Management Of Listed Companies In China

It is a problem faced by many countries that listed companies managed the earnings, as well as China. As the means of many companies use earnings management is paid attention to by many scholars in the world. In China, listed companies always financed by getting rights issues because of the narrow finance ways. But some listed companies got the issues rights by earnings management. In addition, CSRC changed the standard of issues rights to prevent from earnings management. But the result did not satisfied. In 2001,CSRC changed the standard again. The effect should be confirmed in the practice. When studying our enterprise's earnings management, whether earnings management of listed companies existed in the process of rights issues should be studies at first. And it is to be confirmed that listed company who have the rights issues adjust accountant earnings to fit the standard of CSRC through earnings management after comparing the sample companies with the dominated companies. At the same time, it can reflect the main problem of finance in Chinese stock market. It is shown that our policy, guideline and regulation need to be improved.