Research On Earnings Quality Evaluation Of High-tech Enterprises

The opening of the national torch plan has a milestone in the development of high-tech enterprises,making more enterprises rely on innovative thinking and independent research and development enterprises to enjoy more preferential policies.However,in the process of continuous development,more and more high-tech enterprises are facing a series of problems,such as the difficulty of listing,the difficulty of financing,the bottleneck of development and so on.In this case,in October 2009,the gem kicked off on the Shenzhen stock exchange,provide a financing platform for the establishment of the gem is designed for many innovative and high growth companies,provides a development opportunity for the majority of small and medium-sized high-tech enterprises,provide more convenient financing channels for innovative enterprises many are not up to the conditions listed on the main board.As a part of China's capital market,the establishment of the gem has profound theoretical and practical significance.The problem of accounting earnings is the focus of academic research,but in recent years,the appearance of whitewash report,the false increase of profit and so on make the study of the quality of earnings in the prominent position.The management of a company is excessive in earnings management,misleading investors to make unrealistic investment decisions,and harming the legitimate rights and interests of external investors,which will not only reduce earnings quality,but also have a negative impact on the healthy development of capital market.,Therefore,study of earnings quality,especially for industry classification,is helpful for standardizing corporate behavior,and has reference meaning for earnings quality evaluation of various industries.In addition,it is of great practical significance to standardize the behavior of the company,establish a sound regulatory mechanism and improve the capital market.The empirical study will select the high-tech enterprises in the gem as the sample,and taken the internal characteristics of high and new technology enterprises into consideration,which reflects the pertinence of the research.Firstly,we adopt factor analysis method to calculate 2014-2016 year earnings quality overall score,using cluster analysis method for classification of summary analysis of the overall situation,the high-tech enterprises in the gem annual trend analysis,annual regional analysis analysis,comparative analysis,analysis group and the factors the correlation between annual properties.In addition,we choose two typical enterprises: the information technology industry and manufacturing industry,which are listed on the growth enterprise market and occupy the overwhelming majority,and make comparative analysis of cases,and propose different solutions for different enterprises.Finally,the classification test and LS regression test of the established earnings quality evaluation system are carried out to verify the validity of the model.