Dissertation > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management

Investigation on the Relationship between Earnings Management and Capital Structure of China’s Non Financial Listed Companies

Author JiangMin
Tutor ZuoZhiHui
School Chongqing University of Technology
Course Accounting
Keywords Earnings Management Capital Structure Correlation Analysis Regression Analysis
CLC F275
Type Master's thesis
Year 2013
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This paper made China non-financial Listed Company as the object of study, introduces theresearch on background and current situation of domestic and foreign earnings management andcapital structure, analyzes the general characteristics of China non-financial Listed Company’searnings management and capital structure, and made empirical research on the relationship betweenearnings management and capital structure. Firstly, this paper made the non-financial listingCorporation A shares in Shanghai and Shenzhen Stock Exchange in China as the inspection object,has carried on the analysis to the overall trend of capital structure from2009to2011years. Theresults show that the ratio about capital structure in developed countries basically the same as thelevel of China Listed Company. Secondly, this paper selects the China non-financial listedCorporation from2009to2011as samples, studies the different characteristics of the earningsdistribution, and test correlation and multiple linear analyze on the variables of influencing factors ofearnings management and capital structure. Finally, this paper in2009to non-financial listingCorporation2011years established according to China non-financial listed Corporation made ameasurement model and a series of corresponding samples, to test the relationship between the extentof earnings management and ownership structure, debt structure and capital structure respectively, andgo a step further to test the relationship between the degree of earnings management and capitalstructure. The results of regression analysis showed China non-financial listed Corporation’s earningsmanagement and ownership structure change significantly positive correlation; the extent of earningsmanagement and debt rate of change has significant positive correlation. Through the analysis of theinfluencing factors of earnings management and capital structure, this paper draws the conclusion: thephenomenon of earnings management exist in China non-financial listed Corporation, and, there is aclose connection between the capital structure and the motivation of earnings management in thelisted corporation.

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