The Empirical Study Of The Management Of Surplus Management And The Quality Of Accounting Information In The GEM Enterprises

In October 2009,To promote the development of small and medium-sized enterprises,the scientific and technological innovation,the the upgrading of the industrial structure,China established a new version of the business of small and medium enterprises,and the healthy development of the GEM has important significance for China’s economic development.The GEM management also has a minimum level of profitability for the enterprise,and in order to obtain scarce listing qualifications,achieve the purpose of a large number of financing,most of the enterprises have the motivation to use financial means to manipulate surplus earnings and the positive effect of using earnings management make the company managers taste the sweets,so at present more and more companies tend to use earnings management rather than improve enterprise actual situation to adjust the company profitability,such as ST listed companies and the GEM listed companies.The former will increase the adjustment and management of surplus for the purpose of taking off the hat,and the latter is new,because of the limited funds,operation risk and big financing difficulties they must increase the intensity of earnings management.The implementations of the earnings management cause a great of impacts on the quality of accounting information,and only the high quality of accounting information can reflect the enterprise’s real business and can be used in making relevant decisions for investors.Excessive uses of earnings management are not only lower the quality of accounting information and damage the long-term developments of the enterprise and the rights of stakeholders but also make the whole development of capital market in the sub-health state.Compared with western developed countries,our country’s special social system makes the ultimate control of listed companies-the company’s property different.The property attribute and the ultimate controlling shareholders of listed companies may be the central holdings or local government holding the state-owned property,mayalso belong to the non-state-owned property,therefore the controlling shareholder of different identity to exercise their functions and powers of the incentive effect have obvious difference.This paper studies the GEM companies with different property attribute to earnings management and the relationship between the quality of accounting information has great theoretical and practical significance.In this study,it use the specification analysis and empirical analysis.First of all,to do a simple introduction of the research status of earnings management and accounting information quality,secondly analyzing the basic conditions of the GEM,earnings management and accounting information quality of the theoretical analysis and the corresponding problems of the GEM.Finally in the principal-agent theory,asymmetric information theory,the GEM listed companies as samples of earnings management and accounting information quality descriptive statistics,correlation of correlation analysis and regression analysis.The empirical results show that earnings management are negatively related with the quality of accounting information,at the same time to join the property attribute variable analysis.The study found that compared with the state-owned enterprises,state-owned enterprises property rights attributes to a certain extent,to strengthen the listed company earnings management is negatively related to the accounting information quality.In this paper,research results combined with the actual situation of the gem market development in our country,to put forward standardize earnings management opinions and suggestions to improve the qualities of the relevant accounting information,At last this paper puts forward research shortage and outlook,in order to offer reference for scholars.