Research On The Earning Management Ofthe Gem Listed Campanies During Initial Public Offings

Earnings management has always been in the enterprise initial public offering and listing transaction(IPO)play an important role in the process.Whether domestic or foreign IPO companies,company managers have a strong incentive by earnings management meet the listing conditions,to maximize the purpose of raising.Although in the process of IPO earnings management can help managers in the short term to achieve their purpose,but in the long run,earnings management is bound to after listed,the company's long-term negative impact on business performance.In recent years,many domestic scholars studied the a-share IPO earnings management.This article made a smaller niche,eyes only to the gem listed companies.Combined with the feature of China's A shares the growth enterprise market,based on previous research literature,the gem listed campanies earnings management in the process of theoretical and empirical study,tries to put forward some prevention of the gem listed companies earnings management policy recommendations.This article from the perspective of economic theory,analyzes the causes of the earnings management behavior,And you can think is inevitable in the process of IPO earnings management behavior,then from three aspects,the study on earnings management motivation theory.Then in view of the gem in the process of earnings management are analyzed in theory,characteristics,and studies the earnings management of listed companies use the cause and the method.Study on external financing of the gem have a lot of difficulties,to get listing qualifications,But in order to reach the standard of the listed,the shortest way to solve the funds required for the development is to maximize the financing in capital market,thus,in theory,it is concluded that the gem listed companies exist in the process of the conclusion of earnings management.In order to make the research more stringent,the article also through to the Xin Tai electric this company as an example for analysis,research the company before and after the IPO,annual operating conditions,the company does exist in the IPO earnings management,and the specific the behavior of earnings management and the method for analysis.Finally,considering the current market situation in our country,puts forward four aspects of policy recommendations,hope to help to avoid or control of the gem listed company earnings management behavior,prevent market risk caused by earnings management,make the gem market can healthy growth.