我国资本市场新退市制度与企业盈余管理的实证研究

发布时间：2018-01-05 19:34

本文关键词：我国资本市场新退市制度与企业盈余管理的实证研究　出处：《华中科技大学》2013年硕士论文　论文类型：学位论文

【摘要】：我国证券市场自80年代末恢复以来历经曲折发展，已经成为了亚太乃至全球的重要市场。然而与举足轻重的规模不相适应的是，我国证券市场依然存在相比成熟市场而言很多的问题。上市公司“僵而不死”现象就是其中之一。相当数量上市公司经营困难甚至是资不抵债，却能继续存在于证券市场。部分上市公司为了规避退市，采取盈余管理乃至财务造假的方式欺骗投资者和监管部门，严重扰乱市场秩序，等到东窗事发之时，中小投资者往往会遭受重大损失。如何实现对上市公司的优胜劣汰，是证监会一直以来努力的方向。但是面对证监会各项规章制度的压力，上市公司的盈余管理等行为却也是客观存在。如何实现对上市公司的有效监管是各方共同关注的问题。本文旨在利用最近几年上市公司年报数据分析上市公司的盈余管理现象，，剖析上市公司盈余管理的动机，并结合新颁布的退市规定来分析上市公司今后是否还会进行盈余管理等行为，给出合理的建议。
[Abstract]:Since the end of 80s, China's securities market has undergone twists and turns, and has become an important market in Asia Pacific and even the whole world. However, it is not suitable for the decisive scale. There are still many problems in China's securities market compared with the mature market. One of them is the phenomenon of "stiff but not dead" of listed companies. A considerable number of listed companies have difficulty in operating and even are insolvent. But it can continue to exist in the securities market. In order to avoid delisting, some listed companies take earnings management and even financial fraud to deceive investors and regulatory authorities, seriously disrupt the market order, until the time of the incident. Small and medium-sized investors often suffer heavy losses. How to achieve the survival of the fittest of listed companies is the direction of the CSRC's efforts. But in the face of the pressure of the SFC rules and regulations. However, the behavior of earnings management of listed companies also exists objectively. How to realize the effective supervision of listed companies is a common concern of all parties. This paper aims to use the annual report data of listed companies in recent years to analyze the problems of listed companies. Earnings management phenomenon. This paper analyzes the motivation of earnings management of listed companies, and analyzes whether the listed companies will carry out earnings management in the future, combining with the newly promulgated delisting regulations, and puts forward some reasonable suggestions.
【学位授予单位】：华中科技大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.5

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