Research On The Influences Of Media Supervision On The Manipulation Of Expenses Classification Of State-owned Listed Companies

The manipulation of expense classification refers to the purpose of misleading the users of financial statements by changing the classification of the original accounting subjects of the items,such as classifying the expenses of current items into the losses of non current items.The "eight regulations" issued in 2012 put forward the requirements for state-owned enterprises and their staff to be "honest,simple and economical,honest and honest in politics".However,from thrift to extravagance is easy,from extravagance to thrift is difficult.Ye kangtao found that the state-owned listed companies evaded the supervision of "eight regulations" through the manipulation of cost classification through the establishment of double difference model.At present,there are relatively few studies on the restraining factors of cost classification manipulation in China,and the introduction of "eight regulations" provides an opportunity for the research of cost classification manipulation.At present,only a few scholars in China analyze and study the influencing factors of the state-owned listed companies’ cost classification manipulation after the "eight regulations".Their research shows that: internal control,independent audit,CEO power balance can inhibit the manipulation of cost classification of state-owned listed companies.However,the influence of executive power is extensive and profound,and due to the vacancy of the owners of state-owned enterprises,many state-owned enterprises’ power to choose audit institutions falls into the hands of executives,coupled with the limitations of external supervision,so internal control and external audit may not always inhibit the manipulation of senior executives’ fees classification,which will not protect the legitimate rights and interests of stakeholders.However,the media,as an independent third party,with its unique strong influence,can use the media reports with multiple channels,wide coverage and fast dissemination in the Internet era to put pressure on the executives of state-owned listed companies,so as to reduce or even eliminate the cost classification manipulation from the motivation.Furthermore,the media can protect the legitimate interest demands of the government,investors and other stakeholders and improve the implementation effect of the "eight regulations" by restraining the unreasonable cost classification manipulation of state-owned listed companies.Based on the annual financial statement data of China’s state-owned listed companies from 2009 to 2017,from the perspective of media supervision,this paper analyzes the impact of the number of media reports on the level of cost classificationmanipulation of state-owned listed companies,to investigate the impact of media supervision on cost classification manipulation of state-owned listed companies.The results show that the more the total amount of reports of the eight major newspapers and magazines in the current year and the previous year,the more they can significantly inhibit the cost classification manipulation of state-owned listed companies,which shows that the traditional media has played a significant role in inhibiting the cost classification manipulation of state-owned listed companies,and that the media supervision can indeed inhibit the cost classification manipulation of state-owned listed companies Behavior: the more new media represented by Baidu reported on a state-owned listed company in the current year and the previous year,the more it also inhibited the manipulation of the company’s expense classification,which shows that the new media also played a significant role in restraining the manipulation of the state-owned listed company’s expense classification,further proving that media supervision can inhibit the expense of the state-owned listed company Ability to categorize controls.In addition,this paper classifies them into positive media reports and negative media reports according to media reporting emotions,and makes a least square regression analysis.The results show that both positive media supervision and negative media supervision can significantly inhibit the manipulation of state-owned listed companies’ expense classification.However,from the two aspects of regression coefficient and significance level,we can see that: and Compared with face-to-face supervision,negative supervision has a stronger inhibitory effect.Although the negative supervision of the media has a stronger inhibitory effect on the cost classification manipulation,it can’t let the media abuse the negative report wantonly to attract the public’s attention,and proper use can make the negative report play its unique role.