Research On State-Owned Capital Earnings Quality Evaluation:

State-owned capital is formed by the state fund which has always played a guiding role in our economy. The quality of state-owned capital gains directly related to increasing the value of state-owned capital, the normal operation of the entire national economy, the national macro-control and even harmony and stability of the whole society. With the deepening of the reform, decision of the third plenary eighth session and thirteenth five-year plan have pointed out that to speed up the development of mixed-ownership economy, improve the operational efficiency of state-owned capital in order to better achieve the state-owned assets development goals and social responsibility. Recalling the study of state-owned capital gains, scholars are more concentrated in the collection, distribution, regulation of state-owned capital gains and state-owned enterprises category, few studies concentrated on the evaluation of state-owned capital gains quality. Therefore, the reasonable evaluation of state-owned capital gains can not only enrich the theory of state-owned capital gains, but also provides recommendations for the further development of mixed ownership economy and deepening reform of state-owned enterprises which has important theoretical and practical significance.This paper summarized the results of previous studies scholars and classified enterprises as state-owned enterprises and mixed ownership according to the state-owned capital distribution in the different companies. Based on relevant guidance of state-owned enterprises classification, this paper classified state-owned enterprises into business class and public welfare state-owned enterprises. By summarizing different characteristics of different types of corporate earnings quality and based on listed earnings quality evaluation system which was built by scholars, this paper has built evaluation system in line with its earnings quality characteristics for different types of enterprises.In the process of empirical analysis, this paper has used methods of structural equation to construct a theoretical model earnings quality evaluation, listed Beijing state-owned enterprises as a sample and repeated empirical tests between the evaluation system and the model by using SPSS, Amos. By deleting indexes which have low degree of adaptation and adjusting the relationship between different variables, it finally culminates in the earnings quality evaluation system of Beijing commercial state-owned enterprises. The index system covers different aspects of earnings quality and carries out evaluation for the earnings quality.Through the analysis of the index system and the empirical process, this article provides reform ideas and policy recommendations for the government and the SASAC’s. Government should speed up restructuring state-owned capital formation or investment operating company and strengthen supervision of state-owned capital in order to control capital; clearly define the relationship between SASAC, the state-owned capital investment relations and their operating companies invested enterprises and vigorously develop mixed ownership economy which is integrated of the state capital, collective capital, private capital and other cross-holdings; classified management of state-owned enterprises.