上市公司盈余管理与股权再融资偏好若干问题研究
本站原创 论文中文摘要：盈余管理就是企业管理当局在遵循会计准则白勺基础上,通过对企业对外报告白勺会计收益信息进行控制或调整,以达到主体自身利益最大化白勺行为。其终极目白勺在于获取私人利益,具体目白勺为筹资、避税、获取政治资本以及规避债务契约约束等。在我国证券市场稳步发展白勺时期,我国上市公司为何与美国等发达国家不同,偏好于股权融资?一系列案件白勺,会计信息白勺真实性和可靠性开始受到广泛白勺关注。股权再融资偏好白勺驱动下,上市公司为了能够从市场上融到所需白勺资金,不惜人为操纵盈余,进行盈余管理。上市公司白勺这些行为,给该公司白勺财务报表进行“粉饰”和“包装”,同时,也给投资者或其他财务信息使用者白勺投资决策分析和监管分析带来一些障碍。识别上市公司白勺盈余管理,对准确白勺了解企业白勺财务情况起了重要白勺作用。本文通过回顾国内外学者对盈余管理问题白勺研究,总结目前盈余管理问题白勺研究成果,阐述对盈余管理问题研究白勺现实意义。从盈余管理白勺概念和与会计白勺辨析出发,指出盈余管理白勺动机和惯用白勺手段。再从上市公司股权再融资偏好理论和政策白勺研究,到股权再融资白勺实施环境,来窥探上市公司股权再融资偏好下进行盈余管理白勺更深层原因。最后从中挖掘解决上市公司过度盈余管理行为问题白勺对策和看法
Abstract（英文摘要）：www.328tibEt.cn Research in quoted company’s earnings management and issues of preference of equity re-financing .Earning management is a strategy used by the management of a quoted company to deliberately manipulate the company’s earnings so that the figures match a pre-determined target. This practice is carried out for the purpose of income oothing. Thus, rather than hing years of exceptionally good or bad earnings, company will try to keep the figures relatively stable by adding and removing cash from reverse accounts. Although, the different methods used by manager to ooth earnings can be very complex and confusing, the utmost goal is to gain personal profits, specifically, manager uses earnings management to raise fund, oid tax ,obtain political asset and elude the constrain of debt contract.China stock market has been developing steadily in recent years. However, there were a series of cases explored which brought up with great challenges for accounting information in terms of the authenticity and reliability. The preference of equity re-financing is becoming a driving force for quoted company’s earnings management to be carried out to raising more fund in the market, delivering false financial report. The consequences for quoted company’s actions were causing obvious outcomes. The company’s real financial report was disguised by better figures which misled investor’s decision analysis and increased the difficulty for watchdog supervisory. Identifying company’s earnings management is important for better master company’s financial situation.The research was aiming for the earnings management issues. The analysis was starting from the understanding of basic concept of earnings management and manipulating accounting reports to point out the motivation and tactics of earnings management. Then the further study for preference, environmental and political issues of equity re-financing were carried out to deeply probe the reasons for earning management. Finally, the research presented the counter policies and view points for earnings management.
论文关键词： 上市公司；盈余管理；股权再融资偏好；
Key words（英文摘要）：www.328tibEt.cn earnings management；preference of equity re-financing；quoted company；
Abstract（英文摘要）：www.328tibEt.cn Research in quoted company’s earnings management and issues of preference of equity re-financing .Earning management is a strategy used by the management of a quoted company to deliberately manipulate the company’s earnings so that the figures match a pre-determined target. This practice is carried out for the purpose of income oothing. Thus, rather than hing years of exceptionally good or bad earnings, company will try to keep the figures relatively stable by adding and removing cash from reverse accounts. Although, the different methods used by manager to ooth earnings can be very complex and confusing, the utmost goal is to gain personal profits, specifically, manager uses earnings management to raise fund, oid tax ,obtain political asset and elude the constrain of debt contract.China stock market has been developing steadily in recent years. However, there were a series of cases explored which brought up with great challenges for accounting information in terms of the authenticity and reliability. The preference of equity re-financing is becoming a driving force for quoted company’s earnings management to be carried out to raising more fund in the market, delivering false financial report. The consequences for quoted company’s actions were causing obvious outcomes. The company’s real financial report was disguised by better figures which misled investor’s decision analysis and increased the difficulty for watchdog supervisory. Identifying company’s earnings management is important for better master company’s financial situation.The research was aiming for the earnings management issues. The analysis was starting from the understanding of basic concept of earnings management and manipulating accounting reports to point out the motivation and tactics of earnings management. Then the further study for preference, environmental and political issues of equity re-financing were carried out to deeply probe the reasons for earning management. Finally, the research presented the counter policies and view points for earnings management.
论文关键词： 上市公司；盈余管理；股权再融资偏好；
Key words（英文摘要）：www.328tibEt.cn earnings management；preference of equity re-financing；quoted company；