The Empirical Study On The Earnings Management Of Chinese Listed Companies In Cultural Industry

In recent years,the stock market is also flourishing with the continuous deepening reform of the economic mechanism and social system.As we all know,in the capital markets,the most information which investors based on is accounting information when they invested to the listed companies.The managements of enterprises conduct enterprise decision management according this too.And also the relevant departments of government conduct market supervision and economic macro-control.Due to accounting surplus information is the important accounting information disclosed by enterprises,in certain extent,the quality of accounting earnings information will have an important impact on the enterprise investors and the result of government's control;and it also has direct impact on the long-term sound development of our country's current capitals market as well as the social credit of enterprises.Therefore,enterprise earnings management is crucial to capital market development and enterprise transformation.As the sunrise industry and endogenous variable which promotes the overall development of the country's economy,to some extent,the cultural industry represents the future development direction of the country.Thus,it is very necessary to research the existence and choice of earnings management of listed companies in China's cultural industry.The thesis adopts the empirical research method,selects 192 companies in China as samples,makes use of three modes: frequency distribution method,total accruals models and specific accruals models and so on,studies the existence and mode selection of earnings management of listed companies in China's cultural industry empirically and respectively.Come to the conclusion: China's cultural industry listed companies generally have earnings management behavior;To control the accrual profit is the most important way for Chinese cultural industry listed companies to carry out earnings management;In terms of specific profit items,by controlling the amortization and depreciation of assets,investment return and non-operating income,and the like,the listed companies of China's cultural industry mainly manage the earnings management.The empirical study has not found that the listed companies of China's cultural industry had operated the earning management by controlling assets impairment provision,main business income,change of fair value and profit and loss,ect..