The Reaserch On The Influence Of Coporate Governance In Chinese Listed Companies On Earnings Management

With the development of market economy,the financial reports offered by the listed companies have been the important basis by which estimating enterprises make dicisions.The accounting earnings information which is concerned by people extremely as corporate performance is paid more attention of investors,managers investors and government. In order to regulate the earnings information the phenomenon of earnings management is common by listed companies in China. Earnings management lead to serious consequences, that give rise to more concernded by estimating enterprises. Earnings management roots corporate governance structure is the fundamental reason for earnings management of listed companies.This paper will start from comporate governance structure to find the way restraining the earnings management.First of all, in term of theory, the paper elaborate the conceptions and the relationship between corporate governance structure and earnings management.It is found that both corporate governance and earnings management stem from the agency relationship. Secondly, on the stand point of specifications, from the actual situation of China's listed companies, making a discussion of the impact that the internal governance of listed companies on the earnings management from four aspects including ownership structure, board characteristics, board of supervisors and management features..Thirdly, in the emprirical study,the paper chooses 1088 listed companies in China, and collects 2009 years financial data of these companies as the reserch sample.It is found that earnings management is positively correlated with the percentage of share, nagatively correlated with the size of the board of directors. The indepent board director number and the share porportion of managers are all not remarkable correlation,Therefore, the key point to solve the problem of earning management is to improve the intervior mechanisms of coporate governance. Including lower ownership concentration, strengthen the independence of independent directors and the supervisory board of the oversight functions, and improve incentives for managers and restraint mechanisms. Hoping play a role.to curb earnings management of listed companies.