The Research On Impact Of Finance Restriction On Earnings Management Of Enterprises With Different Property Rights

The importance of capital flow to the enterprise can be compared to the importance of blood on the human body,the enterprise has no funds,will be subject to constraints,powerful and nowhere possible.The desire for money is already a common pledge for every company that wants to grow.Our national economy has a dual system of "emerging and transitional" characteristics.We can know from a study that Beck made and a report from the WB,that China's corporate financing constraints have been at the forefront of the world,this is not a good phenomenon.It can be said that the current market conditions,the enterprise,the financing constraints of the enterprise is facing the most important obstacles,due to the existence of financial constraints,the process of slow stagnation.Earnings management as an academic evergreen tree,frequently appear in front of everyone.In the year of 2016,one of the Japanese electrical giants,the world famous company of Toshiba in the financial fraud scandal.This latest financial scandal is a serious financial scandal after the Enron(2001),World Communications(2002)and the 2008 Lehman Brothers bankruptcy in the global financial crisis,detonating the quality of corporate earnings Worried.When two hot topics collide together will produce what kind of chemical reaction,unfortunately,not too many people to study this.But we can imagine that a beautiful financial statement can change the investor's decision-making,when the enterprise deep financing difficulties,there is a sufficient incentive to choose earnings management,the two must be linked.China is a special political and economic background of socialism,state-owned enterprises are the specific performance of the public economy,all the people,the state control,so the enterprise was divided into two children-state-owned enterprises and non-state enterprises,state-owned enterprises than private Business is its particularity.this paper makes a study on the financial constraints of earnings,earnings management and property rights of listed companies from 2007 to 2015,and draws their own conclusions.