As a long-term incentive system, the restricted stock incentive plan can effectively alleviate the problems caused by the separation of the company's operating rights and management rights. It can also help retain core talents and promote the company's long-term development. However, due to information asymmetry, the restrictive stock incentive plan will also prompt managers to adjust the company's financial surplus so that the specified performance targets can be used for personal gain. This study focuses on the relationship between restricted stock plan and earnings management, and studies the data of a case company to confirm that the incentive system of restricted stock stimulates earnings management, help to supervise and improve the earnings management behavior of enterprises.
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