Research On Earnings Management Of Listed Companies Under The Motive Of Shell Protection

The topic of earnings management emerged in the field of accounting in the 1980s.Since its introduction,the topic of earnings management has been the focus of scholars’attention.The layer by layer approval of the approval system has determined that the road for listing is long and far-reaching,and the capital market has become very valuable.In the face of the threshold of the performance evaluation and still not perfect delisting system,management wants to use the manipulation of surplus to avoid delisting.At present,due to the existence of earnings management practices in the delisting system,the effect of the delisting system is weakened or even invalid.Therefore,it is imperative to add early warning of earnings management to the delisting implementation measures and to amend certain rules.According to individual case of Xoceco,detailed analysis and explanation of its specific earnings management methods are provided,the logic is more clear and clear,and the theory is tested in practice.At the same time,it is hoped that the theory of earnings management based on casing pressure under the delisting system can be supplemented.And,it can help the company’s stakeholders to better identify the method of operating the earnings management in the company,so that the management of the company’s management of surplus behavior is controlled.Then the internal and external stakeholders grasp the company’s actual operation and the gaps in the current laws and regulations for earnings management is filled.Finally,the normal operation of the market order is maintained.This article mainly adopts the method of case study.First of all,a large amount of literature reading is the basis for the subsequent writing of this paper,and then based on past research,the company’s method of managing earnings management is summarized.With the help of experience recognition,we grope for signs of the earnings management of case company and conduct financial checks on financial data.At the same time,a comparative analysis method was used to compare the various delisting policies in different periods in China to show the continuous evolution of the delisting policy in China.The main financial status of the case companies was compared longitudinally,and Xoceco was analyzed based on the results of the comparison.The situation of profit,operation,debt repayment and cash flow between different years will focus on analyzing whether or not some financial indicators in the key year have changed and whether the change is reasonable.Finally,this article draws conclusions from the perspective of the impact of earnings management in Xoceco,and attempts to put forward recommendations to curb earnings management behavior.Based on the theoretical analysis and Xoceco’s case analysis,this paper concludes that at the micro level,Xoceco has relatively serious earnings management behaviors.At the macro level,the current delisting system lacks supervision over earnings management behavior,and the current delisting system extremely pursue quantified financial indicators such as net assets and net profits in the fiscal year,resulting in weak delisting constraints.The innovations of this paper are:Break through the scope of past empirical research,combine the characteristics of individual cases to help explain the evidence more clearly and clearly.And take the protection of shell motive as the starting point,effectively combine the country’s exit system with the company’s earnings management behavior.Then add early warning to earnings management in the current delisting system.However,this article also has some deficiencies.In the course of researching the case,the information obtained in this paper was limited.The collected data were obtained from the secondary market and lacked the primary market data.This paper used a single case study and did not follow more examples.From the perspective of analyzing the problem,there may be some limitations.