Case analysis on earnings management action based on issue right:Evidence from Chinese listed companies |
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作者姓名: | DUAN Yun WANG Yao-wu CAO Lin |
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作者单位: | School of Management, Harbin Institute of Technology, Harbin 150001, China |
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摘 要: | The study in the past shows that the listed companies in China have the actions of manipulating profit to cater for the requirement of the Chinese Securities Regulatory Commission, manage earnings by means of dealings or managing the accrued profit items, so as to acquire the competence of rights issue, or lessen the risk of being suspended or canceled of trading. In this paper, the case analysis on earnings management based on rights issue right of listed companies is carded out with the samples of data from the listed companies of A-share from 1996 to 2001 and by means of earnings distributing, so as to prove the listed companies' response to the policies of rights issue and the existence of earnings management conducted by the rights issue companies for the purpose of rights issue, and observe the effectiveness of the securities market in China.
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关 键 词: | 收入分配 利润处理 中国证券市场 资金回酬 |
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