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Research On The Relationship Between Information Disclosure Quality And Earnings Management Of Listed Companies

Posted on:2013-10-27Degree:MasterType:Thesis
Country:ChinaCandidate:F GuFull Text:PDF
GTID:2249330374980363Subject:Accounting
Abstract/Summary:PDF Full Text Request
With the development of China’s capital market for decades, which make a huge impact on market-oriented economy. But management authorities take kinds of earnings management means to adjust the information of financial statements, owing to the information asymmetry exist between outside investors and company, leading to the problems of information quality to some extent. Listed companies’ earnings management seriously effect on information disclosure quality, and influence the decision-making of investors and the benefit of the relevant parties. How to suppress the listed company’s earnings management behavior, and improve the quality of listed company information disclosure has become an urgent problem to be solved for both government department and regulators.In the research, take the domestic and foreign existing information disclosure and earnings management research results for reference. Based on economics theories concluding the contract theories, information asymmetries theory, efficient market hypothesis and stakeholder theory, the paper introduced the connotation, feature of quality of information disclosure and the concept, motive of information disclosure of listed company and made an analysis of concept motive, problems and methods of earning management. At the same time, the paper made a theoretical analysis of the correlation between the quality of information disclosure and earnings management based on this, put forwards related hypothesis of the quality of information disclosure and earnings management of listed company.finally, Then it used the modified JONES model to metrological analysis of earning management with the data of listed companies of stock markets of Shenzhen from2007-2010. Finally, the paper select control variable based on the influence factors of quality of information disclosure and the concept, motive of information disclosure of listed company,and construct a regression model according to the principles of empirical research. Finally, it used regression research and Pearson and Spearman correlation coefficient test between all variables, and draw the conclusion that:(1)As to listed company in china, earnings management makes negative correlation with the quality of information disclosure.(2)The lower the quality of information disclose, the higher Debt rate, and the higher the earning management extent.(3)The bigger scale company has a good effect on internal control and corporate governance.(4)There is a noticeable difference between different quality samples of information disclosure of listed company.(5)there is no perceptible correlation between the ratio of independent directors and earning management in listed company whether or not.(6)External audit quality makes negative correlation with act of earning management in listed company. And there is no perceptible correlation between external audit advices and earning management in statistical. Therefore, based on economy background of capital market system in china and the conclusion of empirical research, the paper put forward the advices to improve the quality of information disclose from two aspects of strengthen construction on internal structure and improve external circumstances eventually, provide the backing from theory and practice to regulate the act of earning management in listed company.
Keywords/Search Tags:Asymmetric Information, Information Disclosure Quality, EarningsManagement, Modified Jones Model
PDF Full Text Request
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