Media Supervision,Management Of In-service Consumption And Earnings Management

In recent years,the public has paid more attention to the on-the-job consumption behavior of listed companies,especially those of some state-owned enterprises.In view of the phenomenon of on-the-job consumption behavior,the public has a strong attack attitude.According to your own literature research results show that the executives of on-the-job consumption behavior of intangible wasted the resources of the enterprise,increase the enterprise operating costs,thus influence enterprise value,reduce the operating performance of enterprises.In some enterprise salary system,executive compensation and corporate performance is associated with it,so that executives will for their own interests,to cover up on-the-job consumption have adverse consequences for enterprise surplus,to the choice of earnings management? This is the first question to be discussed in this article.In the Internet age,the media have the function of the guide public opinion,in the process of communication with rapidity,timeliness,is an important way of supervision of social supervision,will reduce the asymmetry of information of listed companies,improve the transparency of information,reduce the company's some unreasonable behavior.On this basis,we discuss whether the media supervision can inhibit the relationship between the management and the earnings management.This is the second question in this paper.The research in this paper is conducive to improving the executive compensation system,improving the transparency of information,maintaining external investors,and reducing corporate earnings management.At the same time,it provides a new perspective for our external supervision,which is of great significance in both theory and reality.Based on 2013-2016 a-share listed companies as the research sample,using media reported number of media supervision,measured by comprehensive financial data to measure the management of on-the-job consumption,measure control variables by other financial data.After finishing the data,the research on the relationship between media coverage and management of in-service consumption and earnings management was carried out.The modified Jones model is used to calculate accrual earnings management and establish correlation regression model.First using Stata descriptive statistics andPearson correlation analysis,then respectively the whole samples was used to study the management of on-the-job consumption influence on earnings management,media supervision influence on earnings management,and management of on-the-job consumption and media supervision and the cross terms of impact on earnings management.Finally,this paper classified according to the nature of the company,the company the whole samples samples of all the samples can be divided into state-owned enterprises and non-state-owned enterprises samples,and samples of state-owned enterprises and non-state-owned enterprises samples respectively to study the management of on-the-job consumption influence on earnings management,media supervision influence on earnings management,the management of on-the-job consumption and media supervision and the cross terms of influence on earnings management,according to the existing model,regression analysis again.The results of the research:(1)The higher the executive consumption,the higher the earnings management.Compared with non-state-owned enterprises,in-service consumption of state-owned enterprises has a significant effect on earnings management.(2)The higher the media supervision,the lower the earnings management;Compared with state-owned enterprises,the media supervision of non-state-owned enterprises has a significant inhibitory effect on earnings management.(3)Media supervision to curb the positive influence of management on earnings management;Compared with state-owned enterprises,the media supervision of non-state-owned enterprises significantly inhibits the positive influence of management on earnings management.Finally,this paper on the basis of research results and theory analysis,from the perspective of media supervision,salary system,the management of the listed companies of on-the-job consumption and enterprise accounting information disclosure of related Suggestions are put forward.