Empirical Research On The Behavior Of The Controlling Shareholder Of The Quality Of Accounting Earnings

In the theoretical study and practical work, the importance of earnings quality have been found long ago, on the definition of earnings quality, earnings quality assessment has also been more research and other issues. However, whether the earnings quality by which factors, in determining the basis of these factors to improve and enhance the quality of corporate earnings, the discussion of these propositions is rare. While some on the reporting, disclosure and other provisions to a certain extent, "symptoms", but if the underlying causes can be found to achieve "cure" for the healthy development of enterprises, improve earnings quality, as well as improve the capital market have important significance. Controlling shareholders of listed companies in the earnings management plays an important role in restricting the behavior of the controlling shareholder of improving the quality of accounting earnings, thus solving the problem of accounting earnings quality is the key to how to regulate the behavior of controlling shareholders. Therefore, this departure from the behavior of controlling shareholders to study the quality of accounting earnings.In the existing theory and research at home and abroad is reviewed on the basis of the results, according to the characteristics of China's securities market, the paper will be the behavior of controlling shareholders of listed companies into two categories: "support" acts and "empty" behavior, and were analyzed and demonstration of the controlling shareholder of the two types of behavior on the quality of accounting earnings. This collected from 2007 to 2009 China Stock Market listed companies manufacturing data, combined with the specific circumstances of the problem, asset injection from the controlling shareholders, related purchase and sale, association guarantees occupancy and over-allocation of funds is carried out several aspects Empirical Study. Since many domestic scholars through empirical study found that half of the stock market does not have the strong force still in the weak form efficiency in state or inactive state, the view of the current stock market, this paper based on the company financial data to evaluate earnings quality, and using principal component factor analysis to rate as the empirical analysis of earnings quality data. The article first by descriptive statistics, reflecting the behavior of the controlling shareholder of the relationship between earnings quality and relevant variables to make visits, and then examined using regression analysis controlling shareholders and Earnings Quality.Empirical studies have shown that the controlling shareholder of the assets into the behavior and asset quality are positively correlated with the quality of accounting earnings; related transactions negatively correlated with the quality of accounting earnings; free account owned by a listed company emptied and Earnings Quality of negative correlation; Holdings Transfer of excess cash dividends by shareholders boss Tunneling behavior of the company's profits negatively correlated with the quality of accounting earnings.