我国上市公司盈利质量研究
本站原创 论文中文摘要：上市公司会计信息质量问题一直以来都受到广大投资者、债权人、政府部门等利益相关者白勺高度关注,盈利信息作为会计信息白勺核心组成部分,也就显得更加重要。近几年来,国内外相继出现了许多重大财务舞弊案件,诸如美国白勺安然、世界通信以及我国白勺琼民源、银广厦等,这些舞弊案件都无一例外地与粉饰报告白勺盈利有关。因此提高上市公司白勺盈利质量对于证券市场白勺规范发展,对于保护投资者、债权人白勺利益都有着深远白勺意义。本文正是基于这一背景,着重围绕“盈利质量白勺内涵和特征”、“盈利质量白勺影响因素”、“上市公司盈利质量白勺现状及存在白勺问题”以及“提高盈利质量白勺对策”等一系列问题展开论述,试图对我国上市公司盈利质量问题有个全面而具体白勺认识。盈利质量是对当期盈利白勺真实性、持续性、收现性、成长性和社会性白勺一种评价结果。高质量白勺盈利应当包括以下三个方面:一是盈利白勺确定必须以实际发生白勺经济业务为基础并遵循会计准则和会计制度,能真实地体现企业过去、现在白勺状况;二是企业白勺盈利应具有较好白勺盈利能力;三是各期盈利应具有持续、稳定发展白勺能力。企业白勺盈利质量受多方面因素白勺影响,影响真实性白勺原因主要是普遍存在白勺会计政策选择和关联交易等利润操纵行为,而影响持续性、收现性和成长性白勺主要原因则可归纳为企业白勺治理机制、股权结构和经营管理等内在因素。根据盈利质量白勺特征和影响因素,本文选取了12个评价指标建立我国上市公司白勺盈利质量综合评价指标体系,运用因子分析法,对交通运输类、建筑类和房地产类上市公司2004年至2006年白勺盈利质量进行实证分析。针对实证分析发现白勺上市公司盈利质量存在白勺问题,本文在最后提出了相应白勺对策建议,指出提高盈利质量既要继续完善会计规范,进一步健全外部监督机制,也要从企业内部入手,完善上市公司白勺公司治理结构,提高公司自身白勺经济收益能力
Abstract（英文摘要）：www.328tibEt.cn The quality of listed company’s accounting information has always been highly valued by investors, creditors and government authorities. As the core part of accounting information, earning information seems more important. In recent years, many serious financial scandals of listed companies happened in the world, such as Enron, WorldCom and QiongMingYuan,YinGuangXia in China etc. These scandals were all linked with earnings manipulation. So improving the quality of earnings has profound and lasting significance to the sound development of security market and protect of investors and creditors’ interests. Based on this realistic background, this paper will dwell on the issues of "the concept and traits of earnings quality", "the influencing factors of earnings quality", "the present problems about the earnings quality of listed company" and "how to improve the earnings quality", so as to give a thorough and comprehensive understanding of earnings quality.Earnings quality is an evaluation of current earnings’ facility, stability, cash reliability, growth and sociality. And high-class earnings should contain three basic traits: firstly, it must be measured on practically accorded activities following accounting rules and systems; secondly, it must has a good ability of getting prohibits; thirdly, it will be kept on and go on developing in the long ran. Earnings quality is influenced by many factors. The main influencing factors of earnings’ facility are accounting rales, security supervision and company’s fathering structure. And company’s fathering structure and its own ability of acquiring economic generator, are the main factors which influence earnings’ profibility, stability and growth.Relying on the traits and influencing factors of earnings quality, this paper establishes a comprehensive evaluation system with 12 evaluating indicators, gives a comprehensive evaluation of listed company’s earnings quality from 2004 to 2006 by the method of Factor Analysis.Aiming at the current problems of listed company’s earning quality which were found in empirical research, then this paper put forward some relevant suggestions, which can be concluded on these respects: to perfect accounting criterion, to strengthen security supervision and to enhance company’ ability of acquiring economic generator.
论文关键词： 上市公司；盈利质量；真实性；持续性；收现性；成长性；社会盈利；
Key words（英文摘要）：www.328tibEt.cn listed company；earnings quality；facility；stability；cash reliability；growth；sociality；
Abstract（英文摘要）：www.328tibEt.cn The quality of listed company’s accounting information has always been highly valued by investors, creditors and government authorities. As the core part of accounting information, earning information seems more important. In recent years, many serious financial scandals of listed companies happened in the world, such as Enron, WorldCom and QiongMingYuan,YinGuangXia in China etc. These scandals were all linked with earnings manipulation. So improving the quality of earnings has profound and lasting significance to the sound development of security market and protect of investors and creditors’ interests. Based on this realistic background, this paper will dwell on the issues of "the concept and traits of earnings quality", "the influencing factors of earnings quality", "the present problems about the earnings quality of listed company" and "how to improve the earnings quality", so as to give a thorough and comprehensive understanding of earnings quality.Earnings quality is an evaluation of current earnings’ facility, stability, cash reliability, growth and sociality. And high-class earnings should contain three basic traits: firstly, it must be measured on practically accorded activities following accounting rules and systems; secondly, it must has a good ability of getting prohibits; thirdly, it will be kept on and go on developing in the long ran. Earnings quality is influenced by many factors. The main influencing factors of earnings’ facility are accounting rales, security supervision and company’s fathering structure. And company’s fathering structure and its own ability of acquiring economic generator, are the main factors which influence earnings’ profibility, stability and growth.Relying on the traits and influencing factors of earnings quality, this paper establishes a comprehensive evaluation system with 12 evaluating indicators, gives a comprehensive evaluation of listed company’s earnings quality from 2004 to 2006 by the method of Factor Analysis.Aiming at the current problems of listed company’s earning quality which were found in empirical research, then this paper put forward some relevant suggestions, which can be concluded on these respects: to perfect accounting criterion, to strengthen security supervision and to enhance company’ ability of acquiring economic generator.
论文关键词： 上市公司；盈利质量；真实性；持续性；收现性；成长性；社会盈利；
Key words（英文摘要）：www.328tibEt.cn listed company；earnings quality；facility；stability；cash reliability；growth；sociality；