Empirical Research On The Methods Choice Of Earnings Management Of Listed Companies Under Special Treatment In China

The problem of Earnings management has become an important field of research in modernaccounting theory. this research has been about more than twenty years in domestic andforeign, with the increasing development of capital markets and listed companies in largenumbers, the problem of earnings management of listed companies gradually highlighted, asChina’s accounting theorists and practitioners of the new topics. Earningsmanagement has both positive and negative role as China’s current accounting informationdistortion problem is one important reason. To solve our current problems of accountinginformation distortion and promote the development of China’s capital market, it isnecessary for earnings management of listed companies to study the issue of governance. AndST listed company as a special product of China’s securities market, the earningsmanagement behavior is more representative and research. Based on this reason, select the STcompanies as a research object, its earnings management behavior and modeselection research, study and strive to achieve through the statements of information to helpusers to reduce the impact of earnings management decision-making, to identify listedcompanies on the profits through earnings management for system operation and to helpimprove the mechanism to reduce the makers of earnings management for system operationand to help improve the mechanism to reduce the makers of earnings management space.First, this research on earnings management is its existence and its form,elaborated on thecontent of earnings management, earnings management and earnings management thebasic theory of measurement methods and models; Secondly, this paper introduces the basicconcepts and ST ST’s earnings management behavior approach; Furthermore, the main partof this paper is empirical testing and analysis, This choice in2008,2009and2010dueto special treatment under two years of consecutive losses and profitability of listedcompanies as a research sample, respectively, the sample’s earnings management behaviorand earnings management approach to empirical testing and analysis. Through theestablishment of the model, make assumptions and test analysis, using statistical softwareSPSS regression analysis and the factor analysis method, the results show that on the one hand, the profitability of annual profits of listed companies under special treatment areadjusted by earnings management behavior. The other hand, there is annual profitability ofearnings management behavior preferences of listed companies under special treatment. Thepreferred use of non-recurring gains and losses to manipulate earnings, debtrestructuring and gains and losses, gains and losses on disposal of non-current assets playa wide range of earnings management and the important impact and post-test arederived using linear regression in order of preference are: investment income, debtrestructuring, subsidy income, non-current asset disposal gains and losses.Finally, based on previous theoretical explanations and empirical tests and analysis, thispaper presents the listed companies under special treatment earning management behaviormanagement measures. Proposed sound accounting standards, mechanism sand strengtheninternal governance structure of the listed companies under special treatment and strengthenthe supervision and audit of the listed companies under special treatment and other measures,which promote the orderly operation of securities markets has important theoretical andpractical significance.