Research On The Earnings Quality Of High And New Technology Enterprises

Earnings information is an important accounting information disclosure of financial reports of listed companies.It has an important decision-making reference value for various stakeholders such as creditors,investors and regulators and so on.In recent years,the accounting fraud emerge in endlessly,make stakeholders is no longer just focus on the number of corporate profits,pay more attention to the quality of corporate earnings.Advice about "twelfth five-year" plan of the Central Committee of the Communist Party of China puts forward our country to speed up the construction of an innovative country,and puts forward the industrial upgrading of making important decisions.High and new technology enterprise as an important part of the army of our country enterprises is also the main force of the realization of industrial upgrading in our country and the vanguard.The characteristics of high and new technology enterprise make its profit model different from the traditional enterprise.Its profit structure has also had a significant change.At present a lot of scholars study earnings quality of listed companies,but few will count high-tech enterprises as a single object for research,therefore,this article choose high and new technology enterprise as the research object,we estimate the quality of high and new technology enterprise real earnings,and tries to find out the key factors which affecting the quality of our country high-tech enterprise profit.This paper is divided into six parts.The first part discusses the innovation-driven strategy background,the historical mission and the importance of new and high technology enterprises,at the same time,to study the earnings quality of listed companies at home and abroad literature were reviewed,and make a brief evaluation.The second part introduces the theoretical basis of earnings quality research,introduces the related theory of economics,and discusses the concept and characteristics of the quality of earnings.Due to the high and new technology enterprise different from traditional enterprise,in the second part,we made an agreement on the concept of quality of high and new technology enterprise profit,highlighting its characteristics;The third part starts from the five characteristics of earnings quality,selected the relevant indexes and constitute a high and new technology enterprise earnings quality evaluation system.Use the factor analysis method and China's Shanghai and Shenzhen two cities 685 high and new technology enterprises in 2013-2015 annual report data,measure the quality of high and new technology enterprise profit and concluded the earnings quality of the sample companies;The fourth part chooses the high and new technology enterprise characteristics,analyzes the possible factors affecting the quality of high and new technology enterprise profit,the multivariate regression model is established for the empirical analysis,to verify the effectiveness of the proposed in this paper basic hypothesis;The fifth part,according to the results of the empirical analysis on earnings quality of high and new technology enterprises in our country,puts forward the relevant Suggestions to improve its earnings quality;The sixth section summarizes the full text and makes the overall research conclusion.In this paper,the study found that earnings quality of high and new technology enterprises in our country is bad.The earnings quality of high and new technology enterprises in main board,the small and medium-sized board and GEM are different.During the three years from 2013 to 2015,the earnings quality of high and new technology enterprises in GEM rise a lot,but the earnings quality of high and new technology enterprises in small and medium-sized board and main board didn't rise or rise a little.In many factors affecting the quality of high and new technology enterprise profit,the costs in research and development,government subsidies and tax burden level and earnings management has a great influence on quality of high and new technology enterprise profit.Therefore,the high and new technology enterprises should make full use of the opportunity of innovation drive,increase investment in high quality research and development personnel and R&D spending,improve the enterprise innovation ability,and control the excessive earnings management behavior,so as to improve the quality of overall profit of enterprise.High-tech enterprises need to keep pace,making full use of the advantage of "Internet of things",cooperating with other enterprises,making full use of their comparative advantage,taking the innovation alliance,reducing development costs,to improve the efficiency of research and development,win the competition through innovation,achieve win-win in the end.