Research On The Synchronicity Of Earnings Management And Self-interest Performance Attribution Of ST Nafine

In the capital market,investors are most sensitive to the performance information of listed companies,and the quality of performance information disclosure has an important impact on the orderly operation of the capital market.In financial reports,there are two main forms of disclosure of performance information of listed companies: one is the profit data with the profit statement as the main body,which is in the form of financial data;The other is the performance attribution in the "Management Discussion and Analysis" or "Board Report",which is manifested in the form of non-financial data.As we all know,earnings management is the direct manifestation of the manipulation of profit data.Similarly,listed companies can also "control" and "process" performance attribution to achieve their own beneficial purposes,which is called "self-interested performance attribution".In recent years,the information disclosure on the non financial data is also gradually become an important means of earnings manipulation,existing research shows that the earnings management and from a sexual performance attribution will both complex manipulation of the profits of listed companies.Both closely related,interdependence and promote each other,they the damage to the performance information disclosure quality effect than simple addition of single performance control effect.Study in this paper,based on the above background,selecting typical case enterprises-ST Nafine,through the disclosure of financial report relevant financial data and non-financial data compiled statistics,using quantitative and qualitative and trend analysis method to determine ST Nafine since the existence of surplus management and performance attribution synchronization phenomenon.Research results show that ST Nafine exists in more than one year earnings management and the ST Nafine from a sexual performance attribution synchronicity,current year profit earnings management regulation,to avoid delisting,from a sexual performance attribution hidden earnings management behavior,both cooperate with each other to avoid delisting also ST Nafine form double damage the quality of the performance information disclosure.It is hoped that through the study of this paper,investors can be guided to identify this phenomenon,avoid the investment trap,and put forward relevant countermeasures and suggestions for governance,which is conducive to the stakeholders of listed companies to better understand the financial situation and operating results of the enterprise,so as to make the right investment decisions and maintain the stability of the securities market.