A Study On The Impact Of Listed Companies' Equity Incentives On Earnings Management

China's equity incentive in the 20th century began in the 1990 s by the implementation of enterprises,but until 2006,"the imple mentation of equity incentive measures," the release of standardized corporate equity incentive was opened.As of the end of 2016,there are 1240 listed companies to implement equity incentives.O n the one hand,the implementation of equity incentive can indeed stimulate managers to some extent for the enterprise to seek more benefits,increase business performance,enhance their corporate sense of belonging and other promotional role,but on the other hand,the implementation of equity incentive,also triggered Business managers to increase business performance and profit manipulation,earnings management and other negative effects of deepening.In this regard,this paper mainly studies the impact of the implementation of equity incentive of listed companies on earnings management of enterprises,with a view to provide reference for future enterprises to develop equity incentive plan.This paper chooses the degree of earnings management of listed companies as a reference,through statistical description and comparison of the implementation of equity incentive earnings management of listed companies,empirical analys is of equity incentive and earnings management related to whether or not,and the relationship between the level of grant and options The contact.Select the 2013-2016 listed companies,manually from the public disclosure of the annual report and equit y incentive-related news,announce the required data,and with the wind,Rui Si database to further collect data,finishing,using the revised Jones model for earnings management of the three indicators of the measurement,the listed companies in accordance with the level of equity incentive granted,whether the state,the enterprise life cycle of three dimensions of the listed companies listed earnings management level of descriptive statistics,and as The regression model of the mult iple regression model is used to analyze the relationship between equity incentive and earnings management.The empirical results show that the equity incentive of listed companies will strengthen the manipulation of accrued profit items in C hina's current stock option incentive plan.Moreover,from the perspective of total profitability accrual,Growth of listed companies,with the increase in the level of the option,the level of earnings management will be enhanced.The conclusion of this paper can provide reference for the implementation of equity incentive plan of listed companies and promote the supervision of accounting information.