| In the process of continuous development and improvement of china’s capital market economy, major stock market Cases in the financial scandals at home and abroad cause the authenticity and reliability of data of listed company earnings to been questioned by capital markets, it shows that finance fraud, excessive earning management and many other factors have cut down the quality of accounting earnings of listed companies. Accounting earnings not only has important decision-making value for investors, creditors and other information users, also is an important parameter for the Securities market regulation. How to identify, evaluate earnings quality of listed companies in order to prevent deception and fraud, project stakeholders’ legitimate rights and interests and maintain the healthy and efficient operation of capital markets, which has been highly concerned about by the accounting profession. Therefore, the in-depth, systematic study about company earnings quality is of great theoretical and practical significance.Since1968, Ball and Brown for the first time using time series methods confirmed the usefulness of accounting earnings information, many domestic and foreign scholars had embarked on a lot of research, and gained fruitful results in the earnings quality. Firstly, the earnings quality researches of different points of view are introduced and sorted out by many domestic and foreign scholars from the surplus forecast, structure, sustainability, corporate governance, and so on. they were evaluated combined with China’s national conditions; Secondly, based on DKW theoretical model and China’s conditions, DKW theoretical model and variables have been corrected and adjusted moderately, then three theoretically consistent cash flow forecasting models be established, and the best one is selected from them, using the sample datas take tests like model coefficient binding test; Finally, we get the empirical findings, and the findings support two hypotheses of this paper. |
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