Study Of Earnings Management About Chinese Listed Company Of Chinese Manufacturing Industry

With rapid development of real economy in China, starting with the pilot project of Chinese securities market in 1989, there is a rapid innovation in virtual market which is represented by securities market. During the 27 years’development, securities market becomes the market leading by policy, gradually opening, to a market led by market economy. In such a market, financial report information becomes an important basis which measuring enterprise operating conditions and making investment decisions by outside. Therefore, accounting earnings information turns into an important factors to affect stock price. Plus with the development and standard of the market, many relevant laws and regulations of the securities market have important connections with accounting surplus information. One of the most representative point is the requirement from IPO listing standards to check the enterprise solidly profitable capacity.In this case, the importance of accounting surplus information has become increasingly apparent, and lager as references to investors.But accounting surplus information is not the data that objective generated. Corporate executives as insiders that known real enterprise operating information, often under the temptation, using the loophole in norms such as accounting standard, manage the accounting surplus, to let the reported accounting information meet the requirement. In this process, the earnings management has become one of the focus that the corporate management, investors, stock control department and finance and taxation organs of government pay attention to.On the other hand, Earnings management as a management team within the scope of compliance to the adjustment of the accounting profit, its itself is a controversial topic. On the plus side, earnings management can smooth annual profits, prevent enterprise performance, and damage the interests of investors. But more often, their role is to whitewash financial data, misleading investors to achieve enterprise management.This article tries to begin with the recognition and measurement of surplus management, researches ways which surplus management often uses, and chooses manufacturing industry as the empirical sample, uses cross section Jones regression model, researches the current situation of manufacturing industry listed companies about earnings management, and through building and analysis of the multiple regression model, to confirm the hypothesis whether influence the current situation of manufacturing industry about earnings management. This paper found that in five years from 2010 to 2014, among the manufacturing industry listed companies, earnings management is exist obviously, but its degree showed decreasing trend overall. In the influenced factors of earnings management, the degree of earnings management and the increase or decrease, enterprise scale, the largest shareholder ownership and institutional ownership proportion and so on all have a connection, but the correlation is not big.