Empirical Study Of Chinese Listed Company Of Ownership Structure's Influence To Earning Management

Earning management is a main subject of theoretical and empirical research, which is not only a accounting method but also a surplus management. Domestic researches mainly focus on whether earning management exsits and its aims and tools of implementing earning management. There are also some scholars researching the relation between ownership structures and earning management, but they can not reach the same conclusion. Hence, there are great room in research methods and the selection of earning management models. Corporate goverance is closely connected to earning management, and ownership structures have influence on earning management. This thesis studies relations between ownership structures and earning management from the aspect of owneship concentration,equity restriction ration,nature of controlling shareholder,manager ownership and institute ownership.This paper adopts acdemic and positive approaches to reseach ownership structures influences on earning management by the use of dates of Chinese listed companies from 2004 to 2009. This paper uses three models (Jones Model, Modified Jones Model and Healy Model) to caculate earning management by cross-sectional datas. This thesis caculate the parameters of Jones Model and Modified Jones Model by the use of yearly datas for short of certain industries' datas. Then the earning management could be caculated after knowing the parameters of Jones Model and Modified Jones Model. The outcome of three models turns to be the same. The final conclusions are as follownings:(1) The relation between ownership concentration and earning management is concave, following and inverted U. (2) Equity restriction ration is negatively related to earning management, showing high equity restriction ration can curb earning management. (3) The types of controlling shareholder is related to earning management. Non-state owned companies have more earning manipulations than state-owned companies. (4) Managerial ownership is negatively ralated to earning management, but it is not significant. (5) Institute ownership is negatively significant related to eaning management, and institure and reduce companies's earning management. At last, it comes to the conclusions and suggestions and advice.