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1、南京航空航天大学硕士学位论文上市公司盈余管理对股价波动的影响及其实证研究姓名：江雪娇申请学位级别：硕士专业：会计学指导教师：孙涛2011-03上市公司盈余管理对股价波动的影响及其实证研究IIAbstractInourcountrypresentfinancialreportsystem,theearningsinformationhasalwaysbeenofconcerntoinvestorsininvestmentissues,theenterpriseaccountantofourcountrythecriterionhasthesystemtakethe“Accrual”asthe
2、foundation,the“Accrual”givetheaccountingpersonneltherightofthesubjectivedefinitionofassigningrevenuesandexpensesSuch“subjectivedefinition”asthisbringsthebroadspaceforthelisted'searningsadministrativeaction.Ontheotherhand,ourcountry'sstockmarketisstillnotmatureorperfect,thestockpricewasextremelysen
3、sitivetotheearningstarget.Theoperationruleofthecapitalmarketisnotaswhichtheinvestorsexpected,inrecentyears,theearningsmanagementisahottopic,manyscholarsearningsorcashflowsassociatedwithcapitalmarkets,butthethatresearchthattaketheearningsmanagementassociatedwiththecapitalmarketsisveryfew,therefore,
4、studyingtheeffectthattheearningsmanagementimpactoncapitalmarketareofgreatsignificanceforhelpingtheinvestorsmaketherightinvestmentdecisions,standardizinginformationdisclosuresystemofthelistedcompanies,andimprovingtheeffectivenessofChina'ssecuritiesmarket.Thisarticlecollectsthelistedcompanies’accoun
5、tinginformationandcapitalmarketstockpriceinformationofthenearthreeyears,itverifiestherelationsbetweentheearningsmanagementandthestockpriceofthelistedcompanythroughthemethodofempiricalstudy,usestherevisedtheJonesmodeltocarryonthemeasurementtothelistedcompanies’earningsadministrativeaction,establish
6、multi-dimensionalreturnmodelwithusingthepaneldatatoresearchtheinfluenceoftheearningmanagementtothestockprice,tobetterdiscoverthecapitalmarkettheoperatingruleandhelptheinvestormakethecorrectinvestmentdecision-making.Thisarticle’sempiricalstudyistoresolvethemeasurementoftheextentofearningsmanagement
7、oflistedcompanies,theinfluencetothestockpriceofthemanipulationofaccrualsandnon-manipulativeandaccruals,cashflowandaccrualsonthestockpriceandourcountry’scapitalmarketoperationruleandsoon.Throughusingtheverticaland
