Research On Earnings Management Of The Automobile Manufacturing Industry Listed Companies

Earnings management has been a hot topic in the field of accounting at home and abroad since it was put forward in 1990 s.Early research on earnings management are theoretical,which mainly focus on the definition of its concept,the division of its motivations,the classification of its methods and constantly summaries and improvement of its measuring methods.With the rapid development of economy,the phenomenon of earnings management of listed companies,from the case to the general,from the use of a single method to a variety of methods simultaneously,gradually aroused the concern of society.The researches on earnings management of domestic and foreign scholars transfer from early theoretical research about the related concepts to the research on earnings management behavior of listed companies.In recent years,some scholars have begun to study individual industries.Since the foundation of new China,from nonexistence to existence,from weak to strong,from “made in China” to “create in China” automobile manufacturing industry,has become an important pillar industry of our country now.However,with the increasing competition of this industry and the contending of capital market,earnings management motivation of listed companies emerges and enhances day by day,which we can infer from the incident of new energy automobile enterprises' cheating for national subsidies in 2016.Therefore,it is of great importance and urgency to study the problem of earnings management in China's automobile manufacturing industry.In this paper,the research of earnings management in automobile manufacturing industry will be divided into three levels.First of all,based on the basic theory of earnings management,combined with the characteristics of the automobile manufacturing industry,this paper makes a theoretical summary of earnings management in the automobile manufacturing industry.Secondly,we make assumptions about the existence of earnings management of listed companies in China's automobile industry and the impact of the corresponding accounting items on earnings management.And the paper,selecting data from 2011 to 2015 of listed companies in automobile manufacturing industry as the sample,based on modifiedJones model,establishes earnings management measurement model suitable for listed companies in automobile manufacturing industry.And the regression analysis was used to examine the impact of the accounting items on the earnings management of China's automobile manufacturing industry,which obtains empirical analysis conclusion.At last,according to the conclusions of the empirical analysis,the paper puts forward the rationalization proposals from two aspects of macro and micro,and summarizes the deficiencies in the research process.The results show that China's automobile manufacturing industry generally exists earnings management behavior,and tend to use non operating profit,period expense,asset impairment losses to achieve it.The impact of earnings management from the period cost,non operating profit to asset impairment losses enhanced successively,and the former is mostly used in negative earnings management,and non operating profit and asset impairment losses are used in positive earnings management by listed companies of China's automobile manufacturing industry.