Based on Structural Equation Model of the Proceeds of the Quality of Evaluation Study
|School||Harbin Institute of Technology|
|Keywords||earnings quality structural equation model confirmatory factor analysis goodness-of-fit|
The quality of listed company’s accounting information has always been highly valued by investors, creditors and government authorities. As the core part of accounting information,earning information seems more important. In recent years, many serious financial scandals of listed companies happened in the world, such as Enron, Worldcom and Dell in U.S.A and YinGuangXia, KeLong and CaoYuanXingFa in China etc. These scandals were all linked with earnings manipulation. So improving the quality of earnings has profound and lasting significance to the sound development of security market and protect of investors and creditors’ interests. Based on this realistic background, this paper will dwell on the issues of "the concept and traits of earnings quality", "the influencing factors of earnings quality", "the present problems about the earnings quality of listed company" and "how to improve the earnings quality", By using a new method that is structural equation model evaluation methods,so as to give a thorough and comprehensive understanding of earnings quality.This paper will be the proceeds of authenticity、stability、cash flowing and the resumption of growth are the four characteristics of the quality of earnings as revenue in the basic model of quality assessment latent variable,relyng on the traits and influencing factors of earnings quality, using 187 listed companies with the corresponding financial targets as the evaluation criteria, this paper establishes a comprehensive evaluation system with 13 evaluating indicators, 4 features hidden variables, gives a comprehensive evaluation of listed company’s earnings quality from 2005 to 2007 by structural equation model.In order to make this paper receipts by the Construction Quality Assessment Model goodness-of-fit as well as evaluating the reasonableness of the results, the paper then proceeds to the quality of the model was appropriate amendments, the final draw on the more reasonable model, the model fitting You prove that the test of the model theory of reasonable assumptions, to obtain the proceeds of the characteristics of high-quality as a factor of the model through a significant test and a series of research findings and related inspiration.This title has enriched the theory of income related to the quality of construction, expanding the quality of listed companies proceeds Evaluation of ideas, SEM application to China’s listed companies earnings quality empirical research, based on theoretical and empirical analysis of the results from a new perspective of comprehensive And rational analysis of the quality of listed companies the proceeds of high-factor effect, this is all for the further application of multi-model and multi-model law provides a broad study of space, in-depth study on the future of the reference to a certain extent.