Study On "Composite" Manipulation Of *ST Tianhua Performance Attribution And Earnings Management

Financial reporting,as a tool for managers to communicate internal information with investors,has always attracted the attention of various stakeholders.The information in financial reports is mainly divided into two categories:financial information and non-financial information.The main carrier of financial information is financial statements.Investors also pay attention to the quality of this information.Therefore,related research on earnings management has been the focus of research.In recent years,research on non-financial information in management analysis and discussion has gradually risen.One of the representative research branches is performance attribution.Earnings management is a way for management to perform opportunism.Performance attribution is management's explanation of operating performance.The two have a certain logical connection.Scholars at home and abroad have done more research on performance attribution and earnings management,but few studies have linked the two.At the same time,ST-companies have always been the focus of supervision by regulatory authorities.Such companies face the risk of delisting,have higher requirements on net profit,and are a high-prone area for earnings management.Therefore,after a lot of domestic and foreign literature on earnings management and performance attribution,this paper focuses on the test of earnings management-analysis of performance attribution-"composite" manipulation analysis of earnings management and performance attribution-economic consequences analysis Research on *ST TianHua and make relevant suggestions.This article first makes a judgment on whether *ST TianHua conducts earnings management,tests from two aspects of motivation and degree,and determines that the company has earnings management behavior.Secondly,the performance attributions in management discussion and analysis were sorted out,classified and verified for authenticity,and the vague parts of the attribution were identified and the underlying causes were explored.Thirdly,we combine the vague attribution and earnings management to explore the relationship between the two and the impact on the case company.Then,it analyzes the economic consequences of "composite" manipulation of performance attribution and earnings management.Finally,according to the research content,relevant suggestions are made to the case company,the investor,and the regulator.