The Quantitative Research Of Earnings Management Of Listed Companies On The Financial Crisis

Earnings management, corporate management as a professional to determine the use of accounting policy choices, or by constructing a financial transaction reports and other means to change the results, and thereby mislead the enterprise economic performance-based stakeholders in decision-making or the number of reports based on accounting contractual behavior, widespread in large and small businesses. Earnings management behavior will make financial information distortion, and motivation in the financial crisis, many companies will be driven more and more earnings management behavior, so from this perspective, the extent of earnings management behavior and the listed company’s financial health are closely related, In previous studies, scholars have put forward arguments about the correlation between the two, but the basic qualitative analysis are from or remain in the index level, not from a quantitative point of argument over the specific relationship between the two.In this paper, earnings management and financial crisis, literature review, qualitative analysis from the start, the correlation between the two assumptions made and a number of listed companies to take samples for quantitative validation, the validation based on the assumption, built into a consideration of earnings management behavior of the company’s financial position to determine the impact of the model, and use the sample of listed companies verify the accuracy of the data model.The Jones model of reference, use the| DA| (can be manipulated accruals) as a measure of the extent of earnings management indicators, analysis tools through spss rank sum test verified the correlation assumptions, and then by multiple logistic regression method build the model.Articles by model building and empirical analysis, were successfully validated the proposed correlation assumptions: Assumption 1:For listed companies, the companies impending financial crisis financial crisis does not occur relative to the company, before the financial crisis, the extent of earnings management higher; Assumption 2:indicators and corporate earnings management in financial crisis, a positive correlation between the probability, the higher the earnings management indicators, listed companies in financial crisis, the greater the probability. Model constructed to determine the accuracy of the financial crisis is relatively high, three years are up 75%. The model in the study when the financial health of listed companies to take into account the earnings management behavior of financial indexes, enabling the results to determine more realistic, more clearly and accurately so that investors of listed companies to predict the probability of financial crisis, due to lower market company earnings management behavior, its financial performance brought about cosmetic misleading to investors.