The Empirical Research On Assets Impairment To Effect The Earning Management Of Listed Companies

“The accounting standards for enterprises no.8-asset impairment” which is issued onFebruary15,2006will issue assets impairment as a separate specific standards. It reflectedthe importance of asset impairment and marks the new development of the assets devaluationaccounting theory. The new criteria made the detailed system provision for confirmingstandard, measuring method and revelation means of enterprise asset impairment loss,whichchanged asset impairment academically, each criterion, no policy system condition and it is ofvital significance. With implementation of new accounting standards on January1,2007,means our assets devaluation accounting system has been established, and operationdevelopment in practice. In2007, the new accounting standards although largely can rise theinhibiting its function of enterprise surplus management behavior, but still, there are someflaws that still can make earnings management behavior of enterprise leaving some space.Existing literature of relations of assets impairment and earnings management analyzemostly data of new guidelines prior to the implementation and not too much analyze the newassets impairment policy implementation effect with angle of the new criterion contrast. Inview of this, this article takes200listed companies of different sectors of shenzhen exchanges,Shanghai as a sample and select the the data (2004-2009)of new guidelines for three yearsafter the execution, in2006, for the boundary,it can be divided into two parts for2004-2006and2007-2009,which will make comparison analysis. First by descriptive statistical, analysisold norms asset impairment provision and turn the overall comparison, then,through theanalysis of variance criteria below the contrast test new asset impairment provision and turnthe degree of influence of earnings motivation variables, finally,based on regression analysis,further verified relationship of asset impairment provision and turned back and earningsmotivation variable, and that the asset impairment provision and turn influence the degree ofearnings variables by comparing to old and new criteria, to see new assets impairment policyimplementation effect.We can finally get by empirical analysis: after the new guidelines execution used currentassets impairment provision and turn the possibility of doing earnings management becomelarger; fter the new guidelines execution, listed companies of having matchs motivation, avoidlosses motivation, turnaround motives, asset impairment provision for much higher than executed and asset impairment return much less than the new guidelines executed; after thenew guidelines execution， the listed company of having profit smooth motive assetsimpairment provision for the new rule was less executed and turn assets impairment muchhigher than the new guidelines executed; after the new guidelines execution,influence oflisted company asset impairment provision and turned back and variables of earningssignificantly lower to new criterion executed; listed companies excessive provision and turnassets impairment behavior plays a inhibition after the new guidelines execution and restrainthe listed companies using asset impairment earnings management behavior.