The Research for Listed Company's Earnings Management Changing before and after the Share-Trading Reform

摘要

This article takes listed companies of Manufacturing Industry as a sample, conducts the research to around the sample companies' earnings management change situation before and after the share-trading reform. The findings indicated: before and after the share-trading reform, because of the goal of listed companies' earnings management's varies, its controllable accrued profit of different type the company to have the significance difference. In situation of assets investment, direction detection issues additionally and operating equities incentive, used the downward regulative profit to affect the stock price generally. But along with all shareholders benefit consistently, the behavior of dominant shareholder controlling the earnings has restraining, the degree of earnings management after the share-trading reform compares the one before has reduces.