Research On The Suppression Path Of Earnings Manipulation Of Agricultural Scientific And Technical Enterprises

The report to the 19th National Congress of the Communist Party of China(CPC)for the first time put forward the rural revitalization strategy,which pointed out that the strategic goal of solving the issues concerning agriculture,rural areas and farmers is to comprehensively revitalize rural areas,make agriculture high-quality and efficient,make rural areas livable and suitable for business,and make farmers rich and prosperous.The high-quality and efficient development of agriculture needs to be driven by the integration of industry and city and agricultural enterprises.Agricultural scientific and technical enterprises can integrate industrial development with urban development by virtue of local advantages.As leaders in agricultural enterprises,they can also better exert the internal forces of agriculture to form a driving effect to drive the economic development of one side,promote the integration of primary,secondary and tertiary agricultural industries with urban and rural areas,improve the quality of agricultural industry development,and achieve rural revitalization.However,in view of the fact that agriculture-related technology enterprises enjoy high subsidies and most of their assets are biological assets,it gives many enterprises more space to manipulate earnings,which makes agricultural scientific and technical enterprises become the most frequent disaster areas of earnings manipulation.Therefore,it is of great significance to explore the ways through which enterprises manipulate earnings and how to restrain them.N company is the key enterprises in the sugar industry in our country,its main product sugar not only about the daily life of seasoning products,the important raw material of many drinks made 2012 years ago in N company development good stable earnings,but in 2012 operating income in cliffs fell,subsequent year of N company revenue growth but growth has slowed markedly,It even deducted negative non-net profit for many years in a row,and fell into financial difficulties during 2017-2018,with huge losses being capped and added to the star.However,in 2019,N company suddenly turned a loss into a profit and successfully removed the cap to the star in 2020.Based on the decline of enterprise growth and its financial performance,it is believed that N company has a strong motive to manipulate earnings.This paper chooses N company as the research object,and firstly introduces the basic situation of N company and analyzes the motivation and means of N company’s surplus manipulation.Then,the fs QCA method is adopted to take 63 enterprises in the agricultural and sideline food processing industry and closely related wine,beverage and refined tea manufacturing industry as samples to determine the result variable as the true and accrual earnings management degree.Combined with enterprise characteristics,In accordance with the requirements for fs QCA,seven antecedent conditions were screened out from the caustic factors: government subsidies,quotas and media attention due,degree of industry competition,asset-liability ratio,internal control index,non-recurring profit and loss limit/asset impairment loss limit.The starting year is 2017,choose three average as cross section data,from the perspective of the configuration of earnings manipulation and its impact factor analysis.According to the results of fs QCA,there is no condition that plays a decisive role in the degree of earnings manipulation.The low degree of earnings manipulation is formed by the joint action of many factors,and the path to the low degree of earnings manipulation is not the same.Low government subsidies for degree of inhibition of real earnings manipulation and high media attention two conditions is the key,its all appear in every configuration,and for inhibiting accrued earnings manipulation degree high level of internal control and low government subsidies amount as two important conditions,conditions of low asset-liability ratio is not as the core,but high frequency appeared in the inhibition of configuration.It shows that the government’s appropriate distribution of government subsidies can inhibit real and accrual earnings management,and the enterprise’s own appropriate loans and the correct choice of loan types play an auxiliary role in inhibiting earnings manipulation,but the inhibition Angle of real and accrual earnings management is not the same.Finally,from the conditions of restraining earnings manipulation,the corresponding suggestions are given from inside and outside the enterprise.The research of this paper helps to restrain and expand the theoretical understanding of earnings manipulation behavior of agricultural scientific and technical enterprises,and also brings some practical enlightenment for the long-term highquality development of agricultural scientific and technical enterprises.