The Study On Earnings Management Of ST Golden Summit

At present,China is in the primary stage of development of the socialist market economy,as well as a better environment in state support for the development of market economy,the rapid development of China's market economy,the capital markets are constantly formed and perfect.However,the rapid development has brought all sorts of ills,as imperfect regulatory mechanisms,China's economic system,there are all kinds of loopholes,many poor people who exploit these vulnerabilities for profit,and even made some harm to the national economy healthy development of behavior.On China's securities market,there is a unique institution-ST system,this system is a unique kind of situation for which the company is currently listed on the objective to reveal a system of complex conditions by the company crown with "ST" name to distinguish it from other listed wages.The reason this is done in a more intuitive way to mark to market risk,investors can not blindly hope,remain rational in investments.After the elimination of the abnormal position of the company,you can remove the "ST" prefix,thereby restoring normal trading.Such oversight bodies after the company issued a warning to the "ST" in the form of mind is to these companies by reducing operating costs,increase revenues way to achieve profitability,to get rid of sanctions,however,in actual operation,due to the for various reasons,most of ST companies rely on earnings management and other means rather than a substantive change to the company to inflated profits of listed companies,in order to achieve "Zhaimao." This behavior is inconsistent with the protection of investors' interests in mind.In this paper,ST Jinding,for example,by analyzing the ST Jinding earnings management tool to confirm ST most companies preclude realized losses with earnings management.And finally some suggestions and opinions.The thesis is divided into five parts,each part of a summary of the contents as follows:The first is an introduction.Mainly on the research background,namely a "uncap" the situation and the reasons for ST ST Jinding enterprise in the Chinesestock market.Purpose and significance,literature review,research methods at home and abroad and the main content.The second aspect is mainly related to the theory of earnings management.Introduces the concept of earnings management,generation and earnings management and accounting fraud difference.A third aspect of motivation ST elaborated earnings management companies such as access to finance and maintain the listing of the most qualified and managers seek to maximize their own interests.Also illustrate the main method ST corporate earnings management,including government grants,ST hills of related transactions,ST ocean transferred assets.The fourth aspect is the analysis of ST Jinding earnings management.This is the most important part of the paper.Including the 2012 ST Jinding earnings quality,earnings management and related financial ratios 2013 Sichuan Golden Summit and so on.The fifth aspect is through their own research and study for ST Jinding earnings management issues raised himself recommendations and conclusions.