我国上市公司盈余管理行为的实证分析

我国证券市场存在较为严重的盈余管理现象.针对该现象,本文从盈余管理动机出发,分析我国上市公司盈余管理的行为特征.本文采用管理后盈余分布法,研究了我国上市公司2001年至2003年净资产收益率(ROE)的分布特征,发现我国上市公司仍然存在很强的盈余管理动机,而且我国上市公司盈余管理的行为受到政府监管的影响.最后,本文在实证研究的基础上提出了治理盈余管理的几点建议.

Empirical Research on the Behavior of Earnings Management of Chinese Listed Companies

Earnings Management is a very common problem in China's securities market. From the perspective of the incentives of earnings management, this thesis analyses the behavior characteristics of earnings management of Chinese listed companies. It also studies the distribution characters of return on equity (ROE) of Chinese listed companies from 2001 to 2003, based on the distribution of earnings after management. The paper finds that Chinese listed companies still have very strong incentives to manage earnings and the earnings management of Chinese listed companies is influenced by government supervision. Finally, on the base of empirical research this paper provides some advices to bring earnings management under control.