| In2006the Treasury issued a new enterprise accounting basic standards, andcarried it out in the listed company on February1,2007. The new standards revised16criteria, formulated22new criteria, changed more in the measurement basis andmethod of significant. But accounting standards and earnings management behavior isalways a permanent game. This paper mainly studies after the new accountingstandards carried out, whether the presence of earnings management phenomenon ofvalue correlation of accounting earnings and influence what impact, and with thefurther understanding of the new standard and implementation, and earningsmanagement in the capital markets to the phenomenon of accounting earningscorrelation value whether the effect of variations.Based on the relevant literature material, this paper used mainly theory researchcombined with the method of empirical analysis. Theory of the studies mainlyintroduces the theoretical basis of the study at home and abroad on the problem ofexisting research, the empirical analysis section mainly manage the07-10years offinancial report data by modified Jones model and analysis correlation on twoconstructing sample that have different degree characteristics of earnings managementrespectively.The results show that the accounting information is of value correlation; Whenthe degree of earnings management is higher, accounting earnings value relevance islower; When the level of earnings management is lower, accounting surplus valuerelevance is higher; Since the new accounting standards be implemented for a longtime, degree that the earnings management influence on accounting earnings valuerelevance will gradually fade away.At present about studies of accounting earning value relevance are so much, butthe studies the accounting earnings value relevance in earnings managementperspective are less. This paper used modified Jones model classify the sample, thenrespectively analysed accounting earning value relevance of two samples, and dataprocess method is also the innovation of the place in this paper. |
