Research On Earnings Quality Of Listed Commercial Banks In China

In the capital market,earnings information plays an important role in the public disclosure of listed companies.No matter for external investors,creditors or internal managers,earnings information disclosure has important decision-making value.This paper studies the earnings quality of listed commercial banks from the perspective of the combination of the characteristics and connotation of earnings information.If the earnings information disclosure is true,sustainable and predictable,the earnings quality of the company is relatively high.Commercial banks are characterized by high barriers to entry,strong dependence on performance,high market volatility,high liability and high risk.In the financial system,it plays an important intermediary role.Its safe and stable operation and development are directly related to the economic development of the whole society.At present,scholars at home and abroad mainly focus on the research of earnings quality in listed companies,and few of them focus on the research of earnings quality in listed commercial banks.Based on the special status of the banking industry,it is of great practical significance to study the earnings quality of listed commercial banks.Firstly,this paper introduces the background and significance of the research,and systematically sorts out the abundant achievements of domestic and foreign scholars on the research of earnings quality.Secondly,the concept of earnings quality is defined,and the characteristics of the Jones model and the improved model,which are the main models for studying earnings quality measurement,are expounded,and the correlation between earnings quality and stock prices is theoretically analyzed from the perspectives of information transmission and value correlation.Selected state-owned commercial banks,joint-stock commercial banks,local commercial banks as samples,selected from 2016 to 2018,this 21 related data of the earnings of listed commercial banks,Jones model is used to measure properties of three different representative and analysis and evaluation on the quality of the surplus of commercial bank.Finally,based on the above theoretical analysis,the hypothesis and model are proposed to verify the relationship between earnings quality and stock prices of21 listed commercial banks through regression analysis.The hypothesis is verified to be true:earnings quality of listed commercial banks is positively correlated with stock prices,and the explanatory power of its stock prices is enhanced after the introduction of earnings quality variables.