The Earnings Management From The Perspective Of Opportunism Motivation

Earnings management is a hotspot in corporate governance research,and has always been the focus of theoretical and practical circles.Earnings management under different motives will lead to different economic consequences.Earnings management under non-opportunistic motives can improve the value of accounting information,deliver high-quality accounting information to the market,and reduce information asymmetry and contract costs between corporate management authorities and stakeholders;while under the perspective of opportunistic motivations Earnings management is at the expense of the company and its stakeholders.It is designed to maximize personal benefits and disguise the company's true income,thereby compromising the quality of accounting information and jeopardizing the company's long-term operational development.Therefore,it is of practical significance to study the motives,means,consequences,and methods of restraint of earnings management of listed companies from the perspective of opportunistic motivation.The thesis firstly discusses the surplus management methods,consequences and suppression methods from the perspective of opportunistic motivation.Secondly,it takes the Chuying AgroPastoral Co.,Ltd.(referred to as the Chuying)as an example for a detailed discussion.The revised Jones model is used to measure the degree of earnings management of Chuying and their industries,and to identify the direction and size of the Chuyings' earnings management in the past five years.2.Analyze the three opportunistic motives that exist in the Chuying,including financing motivation,debt contract motivation,and loss-making motivation.3.To explore the company's means of implementing earnings management through holding assets for sale,long-term deferred expenses,biological assets,non-current asset disposal,and related party transactions,and its impact on earnings.4.Combine the industry environment,corporate governance structure and business model,analyze the reasons why the young eagle can implement earnings management from the perspective of opportunistic motivation,and provide directions for the competent department to regulate the behavior of listed companies.Finally,it provides targeted recommendations for listed companies,regulatory authorities,and third-party audits from the aspects of standardizing corporate governance structure,improving internal control,improving third-party audit quality,and strengthening external supervision,with a view to providing reference for identifying and suppressing opportunistic earnings management.