Case Analysis Of A Case Study On The Earnings Management Of Zhuzhou Smelter Group Company Limited During The Period Of "*"

With the rapid development of social economy and the improvement of people's living standard,China's capital market ushered in the development of spring.In order to regulate and supervise the capital market,relevant departments of the state have legislations.The delisting risk warning system is a unique delisting system in China.Its formulation and implementation is aimed at warning the operation of *ST enterprises,and improving the business efficiency of enterprises.Although the implementation of the system has a certain positive role in the enterprise,but there are also many shortcomings.At present,most of the listed companies in China are still in a state of lacking in "shell" resources.Therefore,most enterprises manage earnings by means of earnings management to maximize profits.In order to manage and supervise related violations,relevant departments constantly modify the relevant rules and regulations,but the effect is not obvious,or even worse.Therefore,in 2012,the Shanghai and Shenzhen stock exchanges issued new listing rules.The listing rules through continuous modification and improvement,*ST enterprise earnings management behavior of the stars has been effectively controlled,there is still the problem of earnings management,the new result,this paper,whether it is for business managers,or are of great significance for the majority of investors.This paper is to explore the problem of earnings management during the period of "*",which is mainly used in the combination of theory and case analysis.First,through the collection of a large number of relevant information,this paper expounds the background,purpose and significance of this study.Secondly,it introduces the main content of this article and the theoretical knowledge about the *ST system and the earnings management.Then is the case description,mainly introduced the basic situation of the environment,the target enterprise related industries and target enterprise stardom hat.After that,this paper analyzes the motivation of the earnings management of the target enterprise,not only the pressure of the *ST enterprise itself,but also the challenge of the implementation of the related system.After this,this paper focuses on the method of earnings management and it can be two reasons for the successful implementation of the target enterprise,and the consequences of the target enterprise through the earnings management in the post stardom hat.Based on the target enterprise through a series of earnings management in the analysis of stardom hat,finally this paper puts forward countermeasures to control two aspects of earnings management of *ST enterprise from the internal and external oversight,avoid future *ST enterprises in order to get rid of the risk of delisting warning,excessive earnings management in enterprises.