The Empirical Research Of Ownership Structure Of Listed Companies And Earnings Management

Listed companies to publicly disclose financial and accounting information must be true, accurate and reflect the profitability of the enterprises, financial situation and its changes, but in reality, the accounting information distortion is a common problem. Due to external market development for the growth of modern enterprises, and even critical to the development of a country's economy, the study has ownership structure of listed companies the management of the company's earnings impact is a very practical significance. Because of China's listed companies at present due to the dominance of the phenomenon of widespread, large shareholders in order to achieve the purpose of their personal income, earnings management behavior emerged and became the present course of the development process of China's securities market investors, regulators, accounting standard-setting bodies such as the common focus of attention. As the prevalence of asymmetric information, contractual incompleteness itself, and the flexibility of accounting standards and other factors. Earnings management can cause between the various stakeholders of wealth redistribution, even give rise to new conflicts of interest between them, and the irregularities in earnings management to a certain extent the development of easy to evolve into financial fraud, fraud and insider trading behavior, thus affecting the an important factor in development of securities markets.This compared with results of other studies, there are the following new ideas:1, in research methods, the use of standardized research and empirical research method of combining to regulate the conclusion of the study as a variable.The amount of the design basis for the use of empirical research methods to test the conclusions.2, of the points of entry to China's specific institutional context in transition as the starting point, the system discussed in China.Earnings management of listed companies kept the root causes of health system.3, using China's securities market as a research platform, through the establishment of the regression model examining the present implementation of executive stock ownership plan will inspire the behavior of earnings management of listed companies.