摘要
通过运用P-P概率图对2001-2004年所有上市公司净资产收益率的分布进行正态检验,验证上市公司总体上存在操纵净资产收益率的倾向;以2004年配股的16家上市公司为样本,运用修正的Jones模型计算出代表盈余管理程度的操纵性应计利润,结果显示这16家上市公司为申请配股均进行了盈余管理。这一分析为2004年配股上市公司的赢余管理程度提供经验的证据。
In order to gain the rights issues and raise stock price, Chinese listed company have strong incentive to manage earnings. In this paper, the author used the P - P probabiliy graph to examine whether the ROE is the abnomal distrubution then selected the listed company who had issued new shares to old stockholder at 2004 as samples and used the modified Jones model to compute the discretionary accruals. Empirical evidence shows that all of the the Chinese listed companies which gained rights issues at 2004 had managed the earnings.
出处
《红河学院学报》
2007年第5期52-56,61,共6页
Journal of Honghe University
关键词
配股
盈余管理
修正Jones模型
rights issues
earnings management
the modified Jones model
