| Earnings persistence’s one of the goals is to achieve earnings persistence in order to control the stock price.While taking into account earnings management,earnings persistence has the problem of authenticity.Therefore, in consideration of earnings management, earnings persistence can distinguish stock price reaction after the earnings management having theoretical and practical significance. This paperis combed earnings management and earnings persistence related theory from the perspective of earnings persistence,and the paper research the impact of listed company earnings management on stock prices from the perspective of earnings persistence.This paper selects 2000-2014 Shanghai and Shenzhen listed company’s financial indicators data,and analyze the descriptive statistics.The paper analyzes the listed companies’ earnings persistence from the first-order linear regression model,and evaluated the listed companies’ earnings persistence.Secondly, the paper classify from smallest to largest grouping based on the calculated each company’s earnings persistence,carried quartile and calculated earnings management according to Jones model,and identify each group’s earnings management whether it is the same if the earnings persistenceis same or similar.Again, the paper multiple the linear relationship between stock prices and earnings management and analyzed how accounting earnings affect on stock prices and had a regression analysis.And the paper verify whether there is a system between its stock price and significant differences on the basis of its share price on the same earnings persistence and earnings management in different companies,and illustrated investors can determine earnings management of listed companies.At last,analyze the empirical results and carry out future research directions. |
