| Summary: | 碩士 === 東吳大學 === 會計學系 === 97 === Abstract
This study uses 178 sample companies consisted of the China state-owned enterprise with privatization on the GTA Data over the period 1998 to 2008. We examine the influence of privatization on earnings management in China state-owned enterprise. Further divide the largest shareholders’ ownership type into private and state-owned after the privatization of state-owned enterprise and examines the difference of earnings management between private and state-owned largest shareholder. Analyze the influence of privatization on tool of earnings management. Final, research relationship between improved performance and earnings management after privatization of state-owned enterprise, further analyze whether the largest shareholders' ownership type affect operating performance and earnings management. The research has the following of the results:
1. After privatization, earnings management level is positively than before privatization. And earnings management is negatively related to ratio of government share.
2. The influence of the largest shareholders’ ownership type on earnings management after privatization. When the largest shareholder is private that earnings management level is positively than state-owned.
3. Tool of earnings management is not significant before and after privatization.
4. Before and after privatization, it’s not significant between operating performance and earnings management. In aspect of stock market performance, Tobins’Q is positively related to earnings management.
5. After privatization, in financial performance, ROA is negatively related to earnings management. But, in stock market performance, Tobins'Q is positively
related to earnings management. And the largest shareholders' ownership type is not significant both in financial and stock market performance.
Keywords : Earnings management, Ownership structure, Operating performance.
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