我国微利上市公司盈余管理方式研究

基于我国资本市场“微利现象”，以1998-2009年沪深两市A股非金融类上市公司为样本，采用独立样本T检验和多元回归分析方法，研究微利上市公司的盈余管理方式。研究表明：微利上市公司同时存在应计盈余管理和真实活动盈余管理两种方式，并且真实活动盈余管理是微利公司调增利润的主要手段，微利公司的总体真实活动盈余管理程度比非微利公司平均高3％或4．6％，而应计盈余管理程度平均只高1．5％，为我国资本市场真实活动盈余管理的存在性提供了新的经验证据。

Study on the methods of earnings management of profit of listing Corporation in China

China＇s capital market ＂phenomenon based on profit＂, from 1998 to 2009 in Shanghai and Shenzhen two city A shares non-financial listing Corporation as a sample, we use the method of independent sample T test and multiple regression to research the profit the listing Corporation earnings management. The research shows that the profit listing corporation exits the accrual earnings management and real activities earnings management two ways, and real activities earnings management is the main means of profit of the company increase profit, the profit company than with the company＇s overall real activities earnings management degree average 3% or 4.6%, but the accrual earnings management degree average only 1.5% higher, as China＇s capital market real activities earnings management existence provides new empirical evidence.