The Impact Of Earnings Management Incentive Of SME Board Of Listing Corporation Ownership

In May23,2004our country small and medium-sized enterprise board was established in Shenzhen stock exchange, the new capital market membership has become an important part of China’s capital market. Small and medium enterprise board listing Corporation the implementation of equity incentive can have more closely to the interests of management and the performance of the company, the implementation of equity incentive has aroused the enthusiasm of the management, but closely related to their own interests and the performance of the company will also make the earnings management behavior of excessive, cause the loss of enterprises and shareholders. Small and medium enterprise board listing Corporation to develop long-term stable, we must regulate the behavior of earnings management.Experts and scholars from home and abroad to implement results of equity incentive and the degree of earnings management to the listing Corporation, and relying on the principal-agent theory, human capital theory, corporate contract theory, radical theory as the theoretical basis of the article. Theory of equity incentive mechanism on earnings management influence, selected272SMEs board listing Corporation until2014March annual report as the research sample of empirical analysis, analysis of equity incentive effect on the extent of earnings management, small and medium-sized enterprises in the implementation of equity incentive and specification of listing Corporation earnings management attention, and put forward feasible suggestions to promote the small and medium-sized enterprise board listing Corporation the healthy and steady development of long-term.