An Empirical Research on Correlation of Earnings Management and Ownership Structure of Chinese Listed Companies

摘要

On the basis of recollecting a good many of researches of earnings management home and abroad,this paper uses an empirical research method to study the relationship between earnings management and ownership structure of shares of 460 companies listed in Shenzhen and Shanghai Stock Exchange of China in 2004 and 2005. The results show that ownership concentration ratio of shares has double effect on earnings management; the shareholding percentage of managers is negatively related to earnings management;while state-owned shares, legal person shares and trading shares have no significant effects on earnings management. The research of relationship between earnings management and ownership structure provides a kind of method for Securities Regulatory Commission of China to supervise and distinguish from earnings management behaviors.