Will There Be Earnings Manipulation In Equity Incentives?

With the development of securities market in our country,in order to alleviate the princi-pal-agent conflict between shareholders and managers,but also to motivate management with a positive attitude to meet new challenges and seize new opportunities,choose the implemen-tation of equity incentive listed companies.However,as some companies such as domestic century star source about financial fraud,a growing number of shareholders,creditors and national regulators began to concern the earnings manipulation of listed companies.In this paper,in combination with related literature at home and abroad,collect and sort out the implementation of equity incentive in our country and the theoretical basis of the ma-nipulation surplus found whether there under the domestic and foreign scholars for equity in-centive earnings manipulation,and use the surplus manipulation methods still appear different point of view.So based on the equity incentive as a starting point,in case the way of our country real estate industry listed companies WK in the implementation of equity incentive and restrictive a two stage of equity incentive stock options related index analysis,to further understand the equity incentive will cause surplus manipulation,and used to learn about in the equity incentive plan which earnings manipulation approach?Under different incentive form surplus manipulation means whether there will be different?This article first reviewed the WK in 2006-2015 a twice on the implementation of equity incentive plan,from the equity incentive plan as a starting point,the analysis of WK of finan-cial data on a results show that after the equity incentive in the announcement,WK from the Angle of financial data,a surplus manipulation.Also found that although the company equity incentive forms have different before and after the stage,but by earnings manipulation tech-niques,including from inventory write-down,sales revenue recognition time,cost,and the regulation of accounts receivable,etc by earnings manipulation.Finally this paper come to the point of view,under the equity incentive enterprises will be surplus manipulation.