Correlation Analysis Of The Earnings Managementin Information Technology Industry And Its Share Price Change

With the development of securities market in our country, more and moreenterprises to achieve the purpose of financing through listed in the capitalmarkets, In the capital market financing can make the enterprise obtaindecentralized capital, bringing more cash flow.But at the same time it will bringmore strict requirements for the listed company. The securities and futurescommission exercises supervision and control over the listed companiesincluding enterprise’s financial position announced by the listedcompanies,making the financial information users have a more comprehensiveunderstanding of the management status of the enterprise.For investors,corporate disclosure of financial information is the main information as areference for investors make investment decisions, the disclosure of financialinformation will directly affect the investor’s investment judgment, thereforeseize this, listed companies will be active to modify enterprise’s financialinformation with legal, reflect the situation of enterprise benefit, affect thedecision-making of investors.With the deepening of the research of earningsmanagement to carry on the quantitative empirical analysis, from the literaturecan be found in the research at home and abroad,the research of earningsmanagement mainly focused on the management concept of the surplus itself,seldom study the relationship between earnings management and other indicators,the idea is to study the surplus management and the relationship between thestock price fluctuations, try to stand in the capital market research the existenceof earnings management behavior of stock price effect the influence degree anddirection. This article selects the information technology industry as the researchobject, the reason is that the industry characteristics of the industry has to adjustthe level of surplus, such as machinery and equipment is upgraded quickly, havehigh development costs, etc., have brought convenience to the enterpriseoperation profit.This paper uses the modified Jones model to solve the various samples ofthe size of the degree of enterprise surplus management, that is to quantify thedegree of earnings management with financial indicators, secondly,establishmultiple linear regression model with maneuvering accrued profits, otherindicators surplus and stock returns, the purpose is to can see the results ofregression model in the analysis, the degree of earnings management and othersurplus index on the fluctuation of stock price direction and degree of size, again according to the results of the above research conclusion, and put forwardreasonable Suggestions to regulate the capital market in our country.