Gem Listing Company Management Incentive And Accounting Conservatism Research

Gem market in China was established in October30,2009, is an emerging capital market, multi-level capital market is an important part in the system of. Growth enterprise market of the stock on high liquidity and the information disclosure is characterized emphasis to the management of their own interests, and the company’s performance has a deeper connection, this greatly aroused the enthusiasm of the operation and management of the management. Gem companies to have a long-term stable development, should be to reduce earnings management behavior of the control space, improve the robustness of the concept. From the Angle of improve accounting conservatism management motivation research, this paper discusses the management incentive mechanism of accounting conservatism, rich and refining related research content; Combined with the use of many research methods, improve the reliability of the results of the study; Through the research suggests gem listing company management incentive aspects practical advice, to improve the robustness of the gem market attention, cultivate robustness information needs, promote the growth enterprise market’s long-term stability and development.Management in the company management process, direct participation in decision making and implementation, and management has the motivation of the choice of radical accounting methods so as to improve the performance to increase their own interests, it affects the accounting conservatism. So through the draw lessons from domestic and international scholars’ research results, the management incentive and accounting conservatism relationship between research, and with the information asymmetry theory, the residual claims theory, principal-agent theory, contract theory, incentive-health double factors theory as the theoretical foundation of the research. In the current gem market system background, from the management salary incentive, equity incentive point of view, to study the influence of the robustness of accounting, and carries on the analysis to this problem. Through the theoretical research and analysis after, select2009to2011three years of the gem listed companies as research samples, for management incentive and accounting conservatism of the relationship between the empirical analyses. The main test analysis of the gem listing company accounting conservatism, the existence of gem listing company management salary incentive to accounting conservatism influence, gem listed company equity incentive compensation management of accounting conservatism and the influences of gem listing company management salary incentive, equity incentive to accounting the influence degree of the robustness. Through the test analysis found that the selection of sample with accounting conservatism, gem listing company management salary incentive and accounting robustness were positively correlated, gem listing company management equity incentive and accounting robustness were positively correlated, and are nonlinear positive correlation, is left lower right high are U relationship.At present, our country to be listed on the gem companies need to improve the robustness of the accounting, and accounting management incentive to improve robustness has direct and effective action, the conclusion of the empirical research for the management of the company to be listed on the gem on the influence of accounting conservatism provides evidence to support, to improve corporate governance, improve the gem companies accounting robustness to contribute.