Relationship Between The Financing Predicament Of Private Private Listed Companies And Earnings Management

Since the time of the reform and opening up, China’s private enterprises have developed from very fast either the scale or speed, through the continuous development of these years, China’s private enterprises is gradually becoming an important force in China’s market economy.however, China’s private enterprises facing many problems, the problem of financing is the most important and the most critical issues, it restricting the development of China’s private enterprises. a lot of small and medium-sized private enterprises in the initial stages of development and start-up stage, there is the problem of lack of mortgage assets, corporate credit, as well as the small company’s own management unscientific, specifications can not be executed, iso it is difficult to obtain loans from the bank, it is impossible to achieve the purpose of financing through the bond market and the stock market. The purpose of earnings management is essentially to increase the likelihood of obtaining financing or in order to obtain financing, earnings management exists for normal financing behavior, so manipulate earnings management research undoubtedly occupy an important position. In this paper, though research the relationship between financing behavior and earnings management, thus revealing the earnings management and the private listed companies financing behavior, find the motive and the means of earnings management, improve finance market building and norms recommendations.(A) Objective:This paper aims is through the main form of financing of private enterprises in the research financing behavior characteristic and the relationship between earnings management, which reveals the presence of earnings management and the degree of private listed companies financing behavior, analysis of corporate earnings management in the process of financing purpose and motivation to understand the reasons that lead to earnings management, through the analysis of the results of the study to make recommendations and opinions, and to achieve the reduction and elimination of earnings management, achieve the establishment of a good purpose of financing market(B) The contents of this article:This paper summarizes and abroad on the basis of research on the relationship between finance and Earnings Management, starting from the relationship between the financing and earnings management of financing for private enterprise in China, using the modified Jones model, mainly by examining corporate equity financing, bank loan financing, endogenous financing, commercial financing, the total external financing, loan term length, and the extent of the relationship between changes in corporate perforance and earnings management for financing. Chapter1Introduction to the research background, significance, research methods, from research background, Private Listed Companies in China’s development, financing conditions, existing financing difficulties and lead to earnings management and a series of on the significance of the topic and research methods. The second chapter, this chapter is mainly the study of the relationship between the financing behavior of private listed companies and earnings management, First, by the early research, described and defined the concept of private enterprise and private listed companies, financing, financing channels and methods, respectively, after the definition of earnings management, characteristics, motivations discussed, this part mainly discusses consists of two parts of the literature review and results analyze.Chapter III this chapter is mainly include the part of research design. Propose the idea of this research, the idea to study the relationship between financing and Earnings Management of Chinese Private Listed Companies from the following financing activities:equity financing and earnings management relations, the relationship between debt financing and earnings management, the source of financing and the relationship of earnings management, commercial credit financing and earnings management relations, the relationship between the total amount of external financing and earnings management, the relationship between external financing, corporate performance and earnings management.The fourth chapter, this chapter is mainly include the part of empirical research. Descriptive statistics and analysis of selected variables, simple to understand abnormal movements of the financing situation of China’s private listed companies, and earnings management variable; then on the variables involved in the correlation and regression analysis, and finally form a financial point of view of manage earnings during the financing of private enterprises in China by means of the analysis, found that China’s private enterprises are more willing to complete the adjustment of the non-recurring matters earnings manipulation.Chapter V, the Division is divided into the research conclusions and policy recommendations. The main conclusions of this study are summarized, the conclusions of this study, from the capital market and national regulatory authorities, the angle of the civil audit more targeted recommendations from the enterprises themselves at the same time to strengthen self-discipline perspective of enterprises recommendations and analyzed, and finally is the limitations herein.(C) The innovation of this paper(1) innovation research perspectivePrivate listed companies special financing body alone and a full range of financing analysis, means of financing for private enterprise and financing nature are classified on the relationship between the financing of private enterprises and Earnings Management data analysis, according to the research results, achieve reduction and elimination of earnings management of financing acts(2) Analysis of Innovation This article from the Financial Perspective of China’s private listed companies financing during earnings management analysis the ways to manipulate the transition and The financial statements, profound analysis of China’s private listed company, in order to achieve the purpose of raising financing.