Research On Earnings Management Of Listed Companies In China's New Energy Automobile Industry From The Perspective Of Corporate Governance

Earnings management of listed companies is based on the accounting standards of listed companies,through the control or adjustment of the accounting income information of listed companies to achieve the maximization of the interests of listed companies.Since the establishment of China's securities market,due to the influence of the special delisting system,it is very common for listed companies to adjust and control their income and profits through their own means.For example,in2019,listed companies use the goodwill impairment to conduct “performance bathing”.Some goodwill were fully impaired in the current year to ease the growth in the performance of listed companies in the second year.It can be seen that China's listed companies all have a certain level of earnings management capabilities.Of course,the earnings management of listed companies is also a key topic in academic research.From the current research of domestic and foreign scholars,the internal and external governance structure has a certain impact on the earnings management of listed companies.Therefore,this paper hopes to use the combination of theory and empirical research to study the impact of internal and external governance structure characteristics of listed companies on earnings management,and provide targeted suggestions for regulating the earnings management of listed companies.This paper takes the listed companies in the new energy auto industry as the research object,and analyzes in detail the impact of internal governance structure and external governance mechanism on the earnings management of listed companies in the new energy auto industry.From the empirical research of this paper,we can get the following conclusions: First,the accrued earnings management of listed companies in the domestic new energy auto industry is mostly positive,indicating that the operating accruals of listed companies in the new energy auto industry are greater than Non-manipulative accruals.At the same time,since 2014,the average earnings management of listed companies in the new energy auto industry has increased year by year.This shows that listed companies in the new energy auto industry are constantlyadjusting the timing of real-time trading activities or controlling the activities of related companies.Disclosure of earnings management activities for accounting earnings.Secondly,this paper uses regression analysis model to analyze the impact of internal governance structure and external governance mechanism on accrued earnings management and real earnings management of listed companies in new energy auto industry.From the analysis results,the internal governance structure of ownership structure,board characteristics,supervisory board characteristics,and management characteristics have significant influence on the accrued earnings management and real earnings management of listed companies in the new energy auto industry.At the same time,external governance mechanisms such as government policies,auditing opinions of audit institutions,and macroeconomic cycles have significant effects on the accrued earnings management and real earnings management of listed companies in the new energy auto industry.