基于债务重组的盈余管理研究

发布时间：2018-01-08 08:05

本文关键词：基于债务重组的盈余管理研究　出处：《辽宁大学》2013年硕士论文　论文类型：学位论文

【摘要】：近些年来，我国资本市场以及证券市场不断发展，规模不断扩大。我国上市公司的数量增长相当迅速，随之而来的是市场内的竞争日益激烈，公司面临越来越高的风险系数，有些公司由于自身的经营问题导致资金运转不畅，，最终无法承担债务。此时，债务双方就会同时选择一种较为适合的方式来解决债务纠纷，即债务重组。不得不说，债务重组这样的方式对于我国现在的经济来说具有很重要的意义，既可以在一定程度上改善公司存在的不合理的债务结构，又可以规避破产程序，所以在20世纪末我国就颁布了专项准则规范债务重组的有关事项，现在被社会公开承认的准则是经过实践检验的产物。但是，现在的债务重组准则并不是最合情合理的，重新引入公允价值以及债务重组损益的确认，使得公司似乎又有了盈余管理的空间。盈余管理的问题一直是人们关注的重点，这是因为上市公司的任何行为都在影响着社会各界的信息使用者。由于债务重组的准则还有着一定的不完备性，这就使得公司很有可能在某些漏洞中寻找机会进行盈余管理，典型的例子就是ST类的上市公司。这样的上市公司常常利用类似于债务管理的机会作为翻身的利器，来达到自己的目的。本文选取S*ST北亚公司为例，首先分别归纳总结了盈余管理和债务重组的相关理论。然后结合具体案例利用相关理论分析S*ST北亚公司是如何在债务重组的过程中进行盈余管理的。最后利用案例分析的结果，分析上市公司进行盈余管理的原因，并借鉴国际的先进成果与经验，给予相应的建议，以求实际中的改进。
[Abstract]:In recent years, the capital market and securities market in China have been developing and the scale is expanding. The number of listed companies in China has been growing rapidly, and the competition in the market has become increasingly fierce. Companies are facing increasingly high risk factors, some companies due to their own operating problems caused by the running of funds, ultimately can not afford debt. At this time. At the same time, both parties will choose a more suitable way to solve debt disputes, that is debt restructuring. We have to say, debt restructuring is of great significance to our current economy. It can not only improve the unreasonable debt structure of the company to some extent, but also avoid the bankruptcy procedure, so in 20th century, our country issued the special standard to regulate the related matters of debt restructuring. The criterion that has been publicly recognized by the society is the result of practical test. However, the current debt restructuring criterion is not the most reasonable, re-introduction of fair value and recognition of debt restructuring gains and losses. So that the company seems to have room for earnings management. The problem of earnings management has always been the focus of attention, this is because any behavior of listed companies is affecting the information users from all walks of life. Because of the debt restructuring criteria there is a certain degree of incompleteness. This makes it possible for companies to look for opportunities for earnings management in certain loopholes. A typical example is St listed companies, which often use opportunities similar to debt management as a turning tool to achieve their goals. In this paper, we choose SST North Asia Company as an example. Firstly, this paper summarizes the relevant theories of earnings management and debt restructuring, and then analyzes how SST North Asia Company carries out earnings management in the process of debt restructuring. Using the results of case studies. This paper analyzes the reasons of earnings management of listed companies, and draws lessons from international advanced achievements and experiences, and gives corresponding suggestions in order to improve in practice.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F832.51;F276.6

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