Study On Manipulation Of Performance Attribution Of ST JinLing

Investors are very sensitive to financial report information,which is the main basis for investors to make decisions.To some extent,the quality of information disclosure affects investors' decisions,and then affects the efficiency of resource allocation in the capital market.As for the research on the quality of financial report information,most of the research objects focus on data information,while performance attribution,as the non-financial information to explain the financial data and its changes,complements financial information.With the attention of academia and business circles on the quality of information disclosure of listed companies,performance attribution information has been paid more and more attention.Many scholars analyze the existence and tendency of performance attributable self-interest of listed companies through empirical research,the synchronization between earnings management and the degree of impact on investors' decision-making.As a special group of listed companies,how can ST company achieve self-interest through performance attribution? What are the characteristics of the causes and economic consequences of ST company's self-interest performance attribution? This paper studies the manipulation of performance attribution in view of such problems,which has certain practical significance on how to guide performance attribution to play its due role.This paper summarizes the performance attribution position,selects Shandong JinLing Mining Co.,Ltd.as the analysis object,uses case analysis and comparative analysis method to describe the characteristics and operational risks of ST company.Because ST company has a strong motivation to take off the cap and avoid delisting,it is more likely to cover up earnings management behavior through performance attribution.This paper classifies and summaries the performance attribution behavior,through reading the text analysis of “management discussion and analysis” and“operation status” in the “Board Report” in the financial report released by JinLing Mining,and extracting the key words and sentences of performance attribution,to study the self-interest tendency of JinLing Mining performance attribution.On this basis,the paper puts forward recognition,query and discussion on performance attribution,through comparative analysis of its financial data,its own vertical comparison and horizontal comparison with the level of the same industry,analysis of internal and external data and industry changes.Further research shows that theintrinsic motivation of performance attribution lies in self-interest tendency and the hidden effect on earnings management.It is concluded that ST company has a strong motivation to take off the hat and avoid delisting,and it is more likely to disguise earnings management behavior through performance attribution,which will affect the impression of reporting information users on the enterprise and management,so as to achieve self-interest purpose.However,self-interest performance attribution behavior will cause damage to the company's own development and the interests of reporting users.This paper also puts forward the relevant policy suggestions from the perspectives of the company,the supervisor and the report user.