The Boom Of Industry?Earnings Management Motivation And Assets Impairment

In recent years,China's listed companies earnings management is the important way to make use of the asset impairment policy adjustment of profits.And on the influence of the main causes of enterprise asset impairment is the change of the external macroeconomic environment,on the other hand is the enterprise internal microscopic behavior change.Of industry environment is the foundation of the macroeconomic environment,industry in the cycle can be from a medium level to reflect the change of the macroeconomic,with good degree of industry environment change the micro enterprise internal behavior also can be adjusted,in response to industry changes in the environment impact of assets of the enterprise.So put forward based on the micro level,discusses its influence on micro enterprise behavior,has become a new field in the research of most scholars.Therefore,this article is based on the principal-agent theory,the ideal economic man supposition and the enterprise value maximization theory,empirically the relationship between the industry boom and asset impairment,further analysis of the influence of enterprise surplus management motivation to this relationship.And in all industries in our country's listed companies in 2008-2016 sample data to carry on the empirical analysis,the analysis found that: first,the boom of industry has negative relationship with provision for assets impairment,the boom of enterprise in the industry lower than industry boom degree is high when the provision of asset impairment increased obviously,enterprise asset impairment provision of change can not only reflect the changes in the industry also truly reflects the enterprise future performance;Second,earnings management motivation can produce inhibition of asset impairment provision,positive earnings management motivation will reduce the provision for asset impairment,negative earnings management motivation will increase to the asset impairment provision;Third,the boom of surplus management motivation will adjust industry influence on asset impairment provision,but under the influence of the boom of industry,positive earnings management motivation of asset impairment provision is not significantly affected,mainly because of the economic environment changes,or when the boom of industry under the condition of low,even with a positive earnings management motivation can also carry more asset impairment accounting.Enterprises with negative earnings management motivation,regardless of the industry boom,will have a large amount of write-downs to achieve the purpose of earnings management.In the end,this paper combines the conclusion of empirical research,and makes recommendations from the perspective of regulators,standard-setters and enterprises.From the perspective of the supervisor,we should strengthen the supervision of earnings management of listed companies and increase the degree of information disclosure in financial reports.We should strengthen the accounting standards and related system construction from the standard setters to minimize the scope of accounting policy choices and investigate the illegal behaviors and insolvency of the market.Improve the incentive system of the management of the listed company from the enterprise level,and make the client of the listed company as the same as the trustee.