Earnings Management Of Listed Companies And Governance

In the past 2007, the macro economy increased rapidly under the Policy Promote in China,the renewal of China's capital market has been a full recovery trend since 2005. With the implementation of share-trading reform as well as other relevant policies, the Chinese capital market is more perfect.the confidence of investors has been greatly enhanced, the size of the capital market expanded rapidly, October 15, 2007 the total market value of the stock market has been ranked fourth in the world, at a time when Chiese economic aggregate has leapt to the world Fourth, Chiese stock market showed the economy is "barometer" of the role. Review of China's capital market,just two years ago, Chiese stock market index fell to less than 1,000 points, the total market value of less than 3 trillion yuan, the circulation market value shrink to 700 billion yuan, This shows that the capital market far more than real economic growth rate and enormous influence.Capital markets on a country's development is how important, from the development process of the United States,we are able to get an answer to the securities market as the main theme of the financial system is the United States since the 19th century began the second half of the rise of the core foundation. We may think that scientific and technological innovation, technology revolution over the past two centuries the United States is the main advantage, the surface of course, yes, but, from a deep, if not the U.S. capital market incentives provided by the catalytic converter, we see that the American innovation and entrepreneurial culture is unsustainable. The stock market for innovators, entrepreneurs who will be an unprecedented early realization of expected future income of the machinery, the realization that this early "exit mechanism" catalytic entrepreneur- ship, innovation, therefore,Gates, Dell 20s That is, become a millionaire hundreds of millions of dollars; because of the same reasons, to China's Robin Li, Gangnam has become a teenage millionaire hundreds of millions of dollars when they are just 30s. No American-style capital markets, American society in the past century and a half of those is not on the tens of thousands of young innovative wealth story, the story of tens of th- ousands of Gates has inspired generation after generation of innovators, entrepreneurs and even innovation, entrepreneurial spirit, as part of the culture of the United States, and run through the universities, secondary schools, kindergarten education.Capital market is so important, how to develop the capital market and has become an important topic, this is the purpose of writing this article. Listed companies is the protagonist of the capital market, investors through their own judgement in the decision to the sale of shares of listed companies, the good quality listed companies on the stock market which will be pursued by the investors obtain more resources for development, and develop better; but those of poor quality will gradually become the market of aband- oned children. The judgement of investors is an important basis for listed companies publishfinancial reports, from those reports investors access to quality information, including profitability, in particular the continued profitability ability is the of most concern to investors, listed companies have a surplus of management, Packing their own motives. In this paper, a comprehensive summary of existing research earnings manage- ment on the basis of earnings management of listed companies from the environment and the motivation proceed, profound analysis of financial reports produced during the various links of possible earnings management of the situation and pointed out that cases of commonly used operating practices with the new accounting standards and the implem entation of possible changes.Paper is divided into five chapters. First, according to the company's earnings mana- gement status and earnings management have been the results of this study topics of significance, the research methods and the scope of the study.Analysing of the soil -the environment of earnings management and lead to earnings management of various motives. Analysis of earnings management of listed companies with the means and case analysis. Once again pointed out that the management of surplus Recognition and measu- rement methods and standards for the treatment of earnings management and lay a solid foundation. Correctly understand and guide the modest surplus management, effective prevention and suppression of excessive earnings management, management on how to conduct a surplus of governance started on.Finally, the summary of the full text.The research results of this Paper wil provide theoretical guidance and reference methods for investors on how to analyze and identify the listed company's financial information.and provide insights and information for Capital market regulators on how to manage the earnings management. Therefore, this Paper's research possesses great innovation and Pertinence,and has significant theoretical meaning and Practical value.