ST山水盈余管理手段及影响

发布时间：2018-05-15 23:03

本文选题：ST企业 + 盈余管理　；参考：《东华大学》2017年硕士论文

【摘要】：由于上市公司相较于非上市公司存在一系列优势,使得上市资格成为了我国企业宝贵的“壳”资源。ST企业为“出现连续亏损或者其他异常状况”的企业,为了避免退市而失去其珍贵的“壳”资源,该类企业通常会极力改善企业报表利润。但亏损并非一朝一夕形成的,ST企业想要通过正常经营手段在短期内扭亏难度极大,此时,企业通常会采取一系列的手段进行盈余管理已达到扭亏为盈的目的。本文主要内容由以下六部分组成:第一部分为绪论,包括提出本文所研究的问题以及对此问题研究的理论意义与实际意义,介绍了相关的研究背景,并对本文的研究思路、研究方法与创新点进行说明。第二部分为相关概念简述,在该部分对文章所涉及到的ST制度的发展与具体内容进行了简单的介绍,并对企业在进行盈余管理的过程中可能会采用的盈余管理手段进行了描述与归纳。第三部分为案例介绍,本文以ST山水为研究对象,在该部分首先对被研究企业进行了简要的背景介绍,同时以时间为轴线对st山水的发展进行了系统的概括,发现st山水在其整个的上市16年间,多次亏损,并多次扭亏,对企业在扭亏的年间所采用的盈余管理手段进行了系统的归纳。第四部分为案例分析,以上一部分的案例介绍为依据,对st山水上市期间的采取的盈余管理手段对企业的短期影响与长期影响进行全面分析与评价,同时描述了这些盈余管理手段对企业产生的影响。第五部分为依据盈余管理对st山水产生的影响提出针对性的建议,同时为其他st企业的未来发展提出的建议。第六部分为结论。本文通过运用案例研究的方法,结合st山水的发展历程,分析企业是通过什么样的盈余管理的手段使得企业财务状况做到了表面的盈利,提高利润扭亏为盈。通过进一步的分析了解企业实际经营业绩是否真正得到改善。根据相关理论分析说明了st山水的财务状况、并对该企业进行盈余管理手段及盈余管理对企业所产生的短期影响和长期影响进行了分析,对st山水的未来发展提出相关建议。文章最终得出以下几个结论:第一:为实现扭亏为盈,避免连续三年的亏损而导致被迫下市时,非经常性损益来进行盈余管理是该类企业的常用手段;第二,非经常损益进行盈余管理可在短时间内大幅度的提升企业当年的利润状况,达到扭亏的目的;第三:从企业长期发展的角度来进行分析,ST公司利用非经常性损益来进行盈余管理到达摘帽目的行为不能从根本上解决企业的发展问题。
[Abstract]:Because the listed company has a series of advantages over the non-listed company, the listed qualification has become the valuable "shell" resource of our country's enterprise. St enterprise is the enterprise that "appears the continuous loss or other abnormal condition". In order to avoid delisting and lose their precious shell resources, such enterprises usually try to improve their profits. However, it is very difficult for St enterprises to turn losses in a short period of time because the losses are not formed overnight. At this time, the enterprises usually take a series of means to manage earnings to achieve the goal of turning losses into profits. The main content of this paper is composed of the following six parts: the first part is the introduction, including putting forward the problems studied in this paper and the theoretical and practical significance of the research on this issue, introducing the relevant research background, and the research ideas of this paper. Research methods and innovation points are explained. The second part is a brief description of the related concepts. In this part, the development and specific contents of St system involved in the article are briefly introduced. The paper also describes and summarizes the earnings management methods that may be used in the process of earnings management. The third part is a case study, this paper takes St landscape as the research object, in this part, first of all, it gives a brief background introduction to the enterprises studied, at the same time, taking time as the axis, it systematically summarizes the development of st landscape. It is found that st landscape has many losses and several losses during the whole 16 years of its listing. The earnings management methods adopted by the enterprises in the year of turning losses are systematically summarized. The fourth part is the case analysis. Based on the case introduction of the above part, the paper makes a comprehensive analysis and evaluation on the short-term and long-term impact of the earnings management measures taken during st's landscape listing. At the same time, this paper describes the impact of these earnings management tools on enterprises. The fifth part is based on the impact of earnings management on st landscape, and the suggestions for the future development of other st enterprises The sixth part is the conclusion. By using the method of case study and combining the development course of st mountains and rivers, this paper analyzes what kind of means of earnings management makes the financial situation of enterprises achieve the superficial profit and improve the profit to turn into profit. Through further analysis to understand whether the actual business performance of the enterprise has been really improved. Based on the analysis of relevant theories, this paper explains the financial situation of st mountains and rivers, analyzes the means of earnings management and the short-term and long-term effects of earnings management on the enterprises, and puts forward some relevant suggestions for the future development of st mountains and rivers. Finally, the paper draws the following conclusions: first, in order to achieve a turnaround and avoid losses for three consecutive years and forced to market, non-recurrent profit and loss to carry out earnings management is the common means of this kind of enterprises; second, Earnings management of non-recurrent profit and loss can greatly improve the profit status of the enterprise in a short period of time to achieve the purpose of turning losses; Thirdly, from the perspective of long-term development of enterprises, St Company can not fundamentally solve the problem of enterprise development by using non-recurrent profits and losses to achieve the goal of earnings management.
【学位授予单位】：东华大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F279.26

【参考文献】