The Earnings Management of Enterpirses in Financial Distress-The Case of Listed Companies in China

• Main Authors: Shiau-Lan Huang, 黃筱嵐
• Other Authors: Yen-Pao Chen
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/8h9g56

碩士 === 東吳大學 === 會計學系 === 96 === This study investigates earnings management of financial distress companies in China. China Securities Regulatory Commission requires that companies with two consecutive losses be categorized as ST companies, which are financial distress companies of this study. Data selection is from 2002 to the end of 2006 in CCER database. This study examines the earnings management behavior for the entire sample, and separately for enterprises in state-controlled enterprises (SOE) versus private enterprises and for regulated industries versus unregulated industries. After a series of examination and analysis, it can be concluded as follows: 1. To avoid becoming ST and delisting companies, the earnings management behavior of Chinese listed companies is different during different years. 2. There is no different earnings management behavior between state-controlled enterprises and private enterprises during different years of becoming ST companies. 3. The earnings management behavior between regulated industries and unregulated industries is different during different years of becoming ST companies.