M&A Performance,Executive Characteristics And Earnings Management

With the continuous development of economic globalization,mergers and acquisitions are on the rise.In the process of mergers and acquisitions,executives often manipulate profits by means of earnings management to improve the performance of mergers and acquisitions.To explore M&A performance,executive characteristics and the relationship between earnings management,this article reviews the related theories on the basis of the research and literature,to our country 2010-2018,the Shanghai and shenzhen a-share non-financial listed companies as research samples,empirically the relationship between M&A performance and earnings management,the relationship between executive characteristics and earnings management,then makes an empirical analysis based on grouping samples,executives to test with different characteristics(age,gender,term)to adjust the relationship between M&A performance and earnings management,finally,the empirical results are discussed,to refine the research conclusions and Suggestions are put forward.The main results and conclusions are as follows:(1)The modified Jones model is used to measure the degree of earnings management in two consecutive years after merger and acquisition,and the regression analysis is used to conduct an empirical analysis on the relationship between the effect of merger and acquisition and earnings management.The results show that there is a negative correlation between M&A performance and earnings management.(2)Empirical analysis was conducted on the relationship between the characteristics of senior executives and earnings management by means of regression analysis.The regression results show that the age,gender and tenure of senior executives are negatively correlated with earnings management,but the relationship between the education of senior executives are negatively correlated with earnings management,but the relationship between the education of senior executives and earnings management is not significant.In other words,the age,gender and tenure of senior executives have a great impact on the M&A performance of enterprises.(3)After grouping the total sample according to the age,gender and tenure of senior executives,the regression analysis shows that the negative correlation between M&A performance and earnings management is higher in enterprises with younger senior executives The negative correlation between M&A performance and earnings management is higher in enterprises with male executives.The negative correlation between M&A performance and earnings management is higher in enterprises with short executive tenure.This study further enriches the M&A performance,executive characteristics and earnings management related research content.It provides theoretical support and empirical evidence for the company's senior management team building and earnings management supervision.