中国亏损上市公司盈余管理手段有效性研究

本文选取我国沪深A股亏损上市公司为研究样本,对2010年首次亏损而在2011年扭亏的上市公司是否会在扭亏年度内进行盈余管理,以及运用何种手段进行盈余管理及并对其有效性进行分析.运用模型以及多元线性回归方法进行实证研究发现：首次亏损上市公司财务报表中的营业外收支、资产减值准备、营业成本、投资收益及管理费用等更容易受到企业的操控.因此建议,为提高各方对会计信息的识别能力,企业的股东、债权人和监管机构等利益相关者要警惕此类指标的异常变动.

Research on the Effectiveness of the Earnings Management Methods of Losses Listed Company in China

This paper selects China~ Shanghai and Shenzhen A - share losses listed companies as samples, and analyzes the first time losses of listed companies in 2010 whether take the earnings management in turnaround year of 2011, what means were used for the earnings management and its effectiveness. The empirical research found out by taking the model of DeAngelo and multiple linear regression method that operating income and expenses, provi- sion for impairment of assets, operating costs, investment income and administrative expenses in the first loss of lis- ted companies＇financial statements, which are more easily controlled by enterprises. Therefore, the shareholders, creditors and regulators and other stakeholders should improve their ability to identify the parties to the accounting information, and to be alert to such indicators of abnormal changes.