Research On Earnings Management Of ST Enterprise

Earnings management has been widely studied by scholars since 1980 and achieved some results.Earnings management is in the scope of accounting standards,using the flexibility of accounting standards and the construction of real business to achieve the enterprise and the management of the enterprise's own interests to do the large-scale behavior.Due to the contradiction between the rapid development of China's capital market and the imperfect system of delisting,the earnings management behavior of listed companies is very popular,especially in the case of ST enterprises.ST system is a delisting of listed company of our country's management system,and its aim is to reveal the investors of the company's financial anomalies,and reveals the investment risk,to remind investors to make rational investment However,with the development of capital market and the limitation of ST system,ST enterprise earnings management problem is exposed.ST companies due to their financial problems,facing delisting risk under regulatory pressure,and cannot change in a short time by operating the enterprise financial conditions,given the scarcity of listed qualifications and enterprise financing urgently demand,combined with the enterprise management compensation motivation,ST companies will choose to whitewash financial statements through earnings management,and realize protect shell to turn into profit.The neutral definition of surplus management decision it has both negative and positive effects,but the ST companies earnings management of enterprise accounting information distortion,a mismatch of social resources,affect the healthy development of capital market,so the negative impact is greater than the positive effect.At present,the method of earnings management research is mainly the empirical method,which examines the motivations,means,influencing factors and economic consequences of earnings management of listed companies.In this paper,based on the ST companies earnings management problems as the research orientation,using literature review and case study method of combining the,on the basis of the enterprise's financial data,through analyzing the classification of ST companies earnings management means,combining the actual case of*ST chang nine,combing the ST companies earnings management under the pressure of the regulatory process.It is concluded that there is a negative influence on earnings management under the ST system,and then make Suggestions for accounting standards,which is of practical significance to the development and improvement of the supervision department and accounting standards.