Research On The Ownership Concentration Degree To Earnings Management’ Effect Of New Energy Conservation Of The Listed Company In China

In recent years, many public companies have been disclosed the scandals about information disclosure, Government regulators, investors, and accounting academia have higher requirements on earning information, transparency and real effectiveness of public disclosure and requirements have become more stringent. With the increasing competition in the securities market, accounting information distortion has become our common economic problems, coupled with China’s economic system is imperfect, and earnings management problem conform born. New energy industry as a column of seven emerging industries, and its prospects and trends in the market affects all economic trend. This paper selects public companies in the field of new energy industry as a research, have a guiding role for the improvement of China’s economy and the development of macroeconomic policy.This paper based on the literature of domestic and foreign scholars, use the Shanghai Stock Exchange and the Shenzhen Stock Exchange on 65 new energy listed as the research object, the full financial report for 2011-2013 as the research data, the degree of ownership concentration and earnings management related of research. First, the article using qualitative and quantitative analysis, summarized the degree of concentration of ownership and earnings management correlation theories; secondly, the use of chart analysis, the degree of concentration of ownership of listed companies in China’s new energy to analyze, draw the The main areas of the equity in a relatively centralized state, and then expand the use of the modified Jones model, verify whether the new energy listed companies earnings management behavior, as well as the size of their earnings management, and finally, the use of Excel tables and SPSS 17.0 software equity Concentration and related indicators of earnings management to establish a multiple linear regression model, empirical study analyzes the relationship between the controlling shareholder that is the largest shareholder equity ratio and earnings management, the controlling shareholder of the nature and extent of earnings management, and the company Other relevant factors in relation to the degree of earnings management.Finally, according to the verification results, gave a conclusion in the fifth chapter, then gave reasonable suggestions aimed at China’s new energy for listed companies pervasive earnings management, combined with the relative concentration of ownership in the field, hope to point the way for future development direction of China’s new energy listed companies, but also to suppress the occurrence of earnings management behavior to a certain extent, supervisory control and management of large shareholders conduct of operations, thus further protect our small investors stakeholders, and promote the healthy development of the securities market environment.